Editor’s note: With his Robotics Business Review research report coming to our lists this month, our European editor, Andrew Williams, on station in Cardiff, Wales, offers up a bit of a preview to: The Industrial Internet of Things: Putting It All Together.
Andrew’s research report will accompany our webcast of the same title, airing December 13, 2016. Please join us.
Godzilla: The Internet of Things (IoT) and the Industrial Internet of Things (IIoT)
“McKinsey Global Institute suggested that the hype surrounding the IoT [$6.2 trillion] may even understate its true potential, and projects a potential economic impact, including consumer surplus, as high as $11.1 trillion by 2025.” —The Internet of Things: Mapping the Value Beyond the Hype
Convergence of the IT and industrial worlds
Taken as a whole, there is no doubt that the IoT market looks set to expand substantially over the next few years. A 2015 report by global management consulting firm McKinsey highlighted IoT as one of twelve key ‘disruptive technologies’ and concluded that, as soon as 2025, the sector could boast an overall economic impact in the region of $6.2 trillion – and could potentially drive productivity and reduce operating costs across a number of industries, including health care, mining and manufacturing.
Login or become a member to access this content
Already a Member?
Not a Member Yet?