Digital Disruption

The economic impact of the Internet of Things

The economic impact of the Internet of Things

PUTTING NUMBERS ON A REVOLUTIONARY TECHNOLOGY

The Internet of Things (IoT) is a common catch phrase among techies. It conjures up a world of connected devices which will make our lives easier: self-driving cars; wired kitchen appliances; smart cities. Other important applications include fleet tracking, temperature monitoring and the digital transformation of agriculture. The Internet of Things has the potential to disrupt both business and policy. For instance, Amazon is increasingly using connected robots to locate products on its warehouse shelves and bring them to workers, saving time and money. Similarly, the medical sector can be revolutionised by the use of connected devices monitoring the real-time health of patients.

The Economic Impact of IoT