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INF.- Driving Unconventional Growth trough the Industrial Internet of Things

The Industrial Internet of Things (IIoT) is a major trend with significant implications for the global economy. It spans industries representing 62 percent of gross domestic product (GDP) among G20 nations, according to Oxford Economics, including manufacturing, mining, agriculture, oil and gas, and utilities. It also encompasses companies that depend on durable physical goods to conduct business, such as organizations that operate hospitals, warehouses and ports or that offer transportation, logistics and healthcare services. Not surprisingly, the IIoT’s potential payoff is enormous. The most conservative independent estimates place spending on the IIoT worldwide at $20 billion in 2012, with spending expected to reach $500 billion by 2020. More optimistic predictions of the value created by the IIoT range as high as $15 trillion of global GDP by 2030. Operational efficiency is one of the key attractions of the IIoT, and early adopters are focused on these benefits. By introducing automation and more flexible production techniques, for instance, manufacturers could boost their productivity by as much as 30...

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INF.- The Internet of Things. Mapping the value beyond the hype

By blending physical and digital realms, the Internet of Things (IoT) vastly expands the reach of information technology. The myriad possibilities that arise from the ability to monitor and  control things in the physical world electronically have inspired a surge of innovation and enthusiasm. The sweeping changes that IoT can bring to how companies manage physical assets, how consumers attend to their health and fitness, and how cities operate have also inspired visions of a very different future, as well as a good deal of hype. McKinsey has been  involved in the Internet of Things over the years and we have seen how rapid advances in  technology and know-how have exceeded our expectations—and yet how difficult it will be  to obtain the greatest benefits of IoT implementations, which require creating highly complex systems and coordinating technology, investment, and talent across both space and...

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INF.- 10 trends for 2015

We know: your inbox is already full of MUST READ predictions for 2015. And no doubt some of them       were great. So you’re already well versed in the Big Changes coming. The Internet of Things (yes, more of it).   More smartphones. Economic recovery (the US). Economic slowdown (China). Economic uncertainty (pretty  much  everywhere).  Aging  populations. More China. You know the drill. This list is different. First, it’s consumer trends that we’re interested in. Not the ongoing macro-trends (see above) that will form the backdrop to 2015. Second, and more important, when it comes to this list the trends aren’t really the...

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