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Best Practices in ICT to Foster Growth and Competitiveness: Selected Case Studies

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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 […]

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Where is the value potential of the Internet of Things?

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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

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The business roadmap to sustainability: The role of information technology

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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

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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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HOW IOT APPLICATIONS CREATE VALUE IN DIFFERENT SETTINGS

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To estimate the potential economic impact of the Internet of Things across economies in 2025, we have sized applications in nine settings. We estimate impact by examining applications that exist today, are evolving, or are likely to have significant adoption in 2025. We measure both direct financial impact, such as potential savings from improved machine

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THE INTERNET OF THINGS: MAPPING THE VALUE BEYOND THE HYPE

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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

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Users of IoT technologies will capture most of the potential value over time

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As in other technology markets, the end customer ultimately captures the most value, we find. Eventually, we estimate that customers (such as factory owners using machines guided by IoT technology, operators of transportation fleets, and consumers) will capture upwards of 90 percent of the value opportunities IoT applications generate. In many settings, customers will capture value

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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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