Mark Purdy and Ladan Davarzani from Accenture
In the shift from an industrial to a digital economy, many countries are targeting the Industrial Internet of Things (IIoT) as a means to deliver faster growth. But without establishing the right enabling conditions, they will not fully capture the opportunity. To make this happen, countries need to understand their “national absorptive capacity”—their ability to weave innovations into their economic and social fabric—and how that influences their ability to grow.
How can countries get started? To point them toward the right path, Accenture analyzed 20 countries to identify their national absorptive capacity for IIoT-related technologies, products and services. Through economic modeling, we determined the likely gross domestic product (GDP) benefit to their economies if today’s investment and policy trends continue on their current path. We discovered a big number: US$10.6 trillion by 2030 for the 20 nations.
However, the modeling also revealed that increases in investment and intervention by policy and business leaders could add another US$3.6 trillion to that total. We outline the key steps they need to take to capture these potential economic benefits.
"The Internet of Things can be a game-changer for the world’s economies—accelerating productivity, overcoming infrastructure gaps and driving innovation."
Chris Allen Vein,
Chief Innovation Officer for Global ICT
Accenture is a global management consulting, technology services and outsourcing company, with approximately 319,000 people serving clients in more than 120 countries.
Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal
year ended Aug. 31, 2014. Its home page is www.accenture.com.