Technology

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

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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Autonomous vehicles outside the city setting

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

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

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

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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Unlocking Sustainability: Why the CIO Should Hold the Key

The causes, scope, and impact of global climate change understandably may be subject to a divergence of opinion, but it is now virtually impossible to deny that climatic changes are occurring. Likewise, it is no longer possible for organizations to ignore the significant environmental pressures facing them today.Volatile energy costs, limitations on available energy, imposed

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Unleashing the potential of ICT requires investments

The economic and social benefits of ICT are clear. However, this impact could be significantly increased if the penetration of ICT, including mobile phones, broadband, and PCs, was expanded. Figure 5 shows the coverage of these technologies in the different regions of the world. Developed countries have room to continue to expand their current penetration

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Fostering the Economic and Social Benefits of ICT

The ICT industry—including telecommunications operators, computer and software producers, electronic equipment manufacturers—is playing an increasingly important role in the global economy. It created approximately 5 percent of total GDP growth between 2003 and 2008, and it represented 5.4 percent of world’s GDP in 2008.That share is expected to reach 8.7 percent by 2020.1 Because of

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