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ICT Supporting the Smart Economy: The Case of Ireland

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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 […]

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Interoperability is a critical source of value in IoT systems

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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

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OPTIMIZE people, processes, and technology to get faster results

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Just how much will videoconferencing, telecommuting, or hybrid vehicles in the company fleet reduce the output of greenhouse gases? To what degree will a change in materials or methods affect other processes and the bottom line? How does one factor supply chain practices into one’s own carbon footprint? Which initiatives will have the best impact

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Autonomous vehicles outside the city setting

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The largest potential impact of self-driving cars is in time savings for drivers in urban areas, which we calculate in the city setting above. In the outside setting, we estimate the potential impact of autonomous cars and other autonomous vehicles such as trucks and buses outside of cities. The total economic potential from self-driving cars

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Bases of competition for IoT technology suppliers

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For companies to establish a market presence and maintain share over the long term, they will need to understand how their strategies and strengths fit within the three phases of the industry evolution. Across these three phases are at least four distinct bases of competition that can lead to disproportionately large value capture opportunities for

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Determining the settings where the Internet of Things will create impact

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In reviewing nearly 300 IoT applications, we discovered that using only a conventional approach to categorizing the potential impact by vertical industry markets—such as automotive or consumer electronics—made it more difficult to analyze all the ways in which value could be created. If we look at how IoT technology is creating value from the perspective

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The Evolving Science of Managing for Sustainability: Using ICT to Optimize Environmental and Economic Outcomes

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For households, businesses, and public-sector organizations of all types, the implications of managing energy, greenhouse gas emissions, and social responsibility are significant. First, there is the moral and regulatory imperative to operate in an environmentally responsible manner. Second, there are dramatic cost savings to be gained by reducing resource consumption and waste. And third, there

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