The Internet of Things represents a major opportunity for incumbent technology suppliers as well as for emerging players. The market for IoT components and systems grew 160 percent in 2013 and 2014, and growth is projected to remain above 30 percent a year through 2025.65 As in other technology markets, the IoT market will have a variety […]
Implications for technology suppliers Read More »
The businesses and other organizations that use IoT systems are faced with a multitude of opportunities—and maybe just as many challenges. Depending on the industry, IoT applications can have far-reaching effects on how companies operate and may even force changes in business models. Some businesses (automobile manufacturers, for example) need to master both use of
Organizations that use the Internet of things Read More »
For individuals, businesses, and public-sector organizations, managing energy, greenhouse gas emissions, and social responsibility have important implications. First, there is the moral and regulatory imperative to operate in an environmentally responsible manner. Second, dramatic cost savings can be gained by reducing resource consumption and waste. Finally, there is pressure from suppliers, customers, communities, and other
The evolving science of managing for sustainability Read More »
Governments, businesses, and societies are all scrambling for a more efficient and greener way to operate and grow. Supporting this pressing need is a growing consumer population and a proliferation of myriad innovative services. Together these trends promise to usher in unprecedented business models and changes to social behavior. It is not easy to get
Worldwide, countries of all sizes and development levels are striving to become competitive knowledge economies and build inclusive information societies. In this context, the intensive adoption of information and communication technologies (ICT) as the optimal base for sustainable social welfare and economic growth in all economic sectors and social activities is becoming a top priority
Best Practices in ICT to Foster Growth and Competitiveness: Selected Case Studies Read More »
Julius Genachowski, chairman of the US Federal Communications Commission, aptly described the relevance of broadband as a vital asset with an impact that extends far beyond the telecommunications sector: “Broadband is the great infrastructure challenge of our generation. It is to us what railroads, electricity, highways, and telephones were to previous generations—a platform for commerce,
Enabling Sustainable Digital Highways Read More »
The Internet of Things has the potential to fundamentally shift the way we interact with our surroundings. The ability to monitor and manage objects in the physical world electronically makes it possible to bring data-driven decision making to new realms of human activity—to optimize the performance of systems and processes, save time for people and
Where is the value potential of the Internet of Things? Read More »
Doing the work associated with the next loop of the sustainability roadmap helps organizations expose weaknesses in their data quality and processes and establish a strong foundation for sustainability performance moving forward. Analyze and Benchmark Once the sustainability initiative has been modeled, analyzed, and vetted, the current state of the company’s execution must be benchmarked
The business roadmap to sustainability: The role of information technology Read More »
This case study examines the contribution of information and communication technologies (ICT) to national economic development in the context of Ireland’s National Knowledge Society Strategy. It charts the evolution of the national industrial development strategy from early-stage, low value-added manufacturing to higher value-added innovation-driven approach and identifies essential steps relating to public investment in education
ICT Supporting the Smart Economy: The Case of Ireland Read More »
One of the central findings from our sizing exercise is the importance of interoperability in generating maximum value from IoT applications. We estimate that situations in which two or more IoT systems must work together can account for about 40 percent of the total value that can be unlocked by the Internet of Things.8 In our
Interoperability is a critical source of value in IoT systems Read More »
