http://www.techcelerate.venturesYour Cheif Investment Officer for raising Series A investment in the UKJust when you thought the digital revolution was too focused on consumers, along comes the Industrial Internet of Things (IIoT). Arguably the biggest driver of productivity and growth in the next decade, this latest wave of digital innovation will accelerate the reinvention of sectors that account for almost two-thirds of world output.
Winning with the
Industrial Internet
of Things
How to accelerate the journey
to productivity and growth
2 Winning with the Industrial Internet of Things
Seizing the opportunity
Just when you thought
the digital revolution was too
focused on consumers, along
comes the Industrial Internet
of Things (IIoT). Arguably the
biggest driver of productivity
and growth in the next decade,
this latest wave of digital
innovation will accelerate
the reinvention of sectors that
account for almost two-thirds
of world output.1
Accenture estimates it could add
US$14.2 trillion to the global economy
by 2030,2 and that there will be
particularly significant gains for
the real gross domestic product (GDP)
of mature economies.
Contrary to conventional wisdom,
Accenture research suggests that this
next generation of digital technology will
also benefit workforces of the future by
augmenting skills and redefining tasks.
The potential economic benefits of the IIoT
may be massive, but they are by no means
guaranteed. Realizing returns begs two
key questions: Are companies prepared
to take full advantage of this opportunity?
Are governments putting the right
conditions in place to facilitate progress
and capture benefits?
Although a few pioneers are reaping
rewards from their early investments,
widespread adoption is hampered by major
challenges. Accenture analysis reveals that
many CEOs may be overconfident about
their readiness for the IIoT. It also shows
that many countries lack the full spectrum
of enabling conditions required to spur
the application of these new technologies
across their economies.
As the world struggles to emerge
from a phase of weak productivity
growth, fragile employment and pockets
of inadequate demand, the IIoT offers
a chance to redefine many sectors and
accelerate economic and employment
growth. However, to seize these
opportunities, businesses and
governments must intensify their
efforts and escalate investments.
The Industrial Internet of T