Innovative Application Research of Finance in the Building Internet of Things

Abstract

At present, we are experiencing a new technological revolution. Information technology, represented by the Internet of Things, big data, cloud computing, artificial intelligence, and blockchain, is driving the transformation of social production mode, guiding various traditional industries to transition to informatization, digitization and intelligence, and giving birth to many emerging industries with technological innovation and business model innovation. Intelligent building is a product combining building technology and modern information technology based on Internet of Things technology. It is an important part of the smart city. In the financial field, driven by emerging cutting-edge technologies such as big data, cloud computing, IoT, blockchain and artificial intelligence, major innovative changes have taken place in the financial market and financial service business, resulting in a large number of emerging business models, new technology applications, new products and services, known as fintech. The development of a series of emerging intelligent industries, including intelligent buildings and intelligent cities, is inseparable from the participation of finance. Fintech is undoubtedly an important part of the whole ecosystem of intelligent buildings. To promote the development of intelligent buildings, it is a topic of far-reaching significance to explore the business model and the innovative application of fintech. This topic has thoroughly investigated the development status, research progress and technical level of China’s and foreign countries’ intelligent building industry, and on this basis, carried out the research on the innovative application of IoT-based water level monitoring system in public catastrophe insurance. Relying on HC Tech, we developed the integrated intelligent building management system, constructed the integrated intelligent building management mode of "finance + IoT + building" and financial innovative application, and explored a new market operation mode of "technology + insurance + operation & maintenance" in the application of intelligent buildings. In practical application, the IoT-based automatic water level monitoring system is adopted in public catastrophe insurance in N city to meet the requirements of real-time water level monitoring, remote transmission, forecasting and early warning. A remote disaster damage assessment management system is constructed to achieve intelligent effects such as real-time monitoring and transmission of field data, forecasting and early warning of the highest water level, and automatic calculation of damage assessment results. Through the implementation of the project, the risk coefficient of heavy rain weather and field investigation by claim adjusters can be reduced and at the same time, the information of the water level inundation of the disaster site can be obtained in a real time manner so that leaders can make emergency decisions in time and realize express claim settlement and damage assessment. The application of this new mode can greatly improve the working efficiency of insurance companies in flood claims, and increase the efficiency of flood claims by four times.