This presentation provides an overview of the IIoT (Industrial Internet of Things) market in (Fall 2017) with respect to a large enterprise project.
I hope you find this information useful in starting or expanding your own IIoT Project!
SustainTech framework - how emerging technologies can help meet the demand fo...Lapman Lee ✔
SustainTech - how emerging technologies can help meet the demand for transparency and trust in ESG investments to meet United Nations Sustainable Development Goals (SDG)
Smart dust, machine learning, and augmented reality are just a few technologies arriving within the next few years. As our devices become more intelligent, how will we keep up? We'll all learn new ways to see and interact with our digital environment.
The Internet of Things has enabled smart gadgets and platforms which is mainly aimed to make life easier. There will be many more platforms and solutions enabling out of the box connected devices by 2020. This infographic puts light on the predictions about Internet of Things Facts and Stats.
This presentation provides an overview of the IIoT (Industrial Internet of Things) market in (Fall 2017) with respect to a large enterprise project.
I hope you find this information useful in starting or expanding your own IIoT Project!
SustainTech framework - how emerging technologies can help meet the demand fo...Lapman Lee ✔
SustainTech - how emerging technologies can help meet the demand for transparency and trust in ESG investments to meet United Nations Sustainable Development Goals (SDG)
Smart dust, machine learning, and augmented reality are just a few technologies arriving within the next few years. As our devices become more intelligent, how will we keep up? We'll all learn new ways to see and interact with our digital environment.
The Internet of Things has enabled smart gadgets and platforms which is mainly aimed to make life easier. There will be many more platforms and solutions enabling out of the box connected devices by 2020. This infographic puts light on the predictions about Internet of Things Facts and Stats.
Disruptive Technologies – A 2021 UpdateCTRM Center
In 2021, Commodity Technology Advisory LLC (ComTech) published its first Disruptive Technologies research report (that version kindly sponsored by FIS). Technologies covered in the study scope included cloud/SaaS, Artificial Intelligence (AI), Machine Learning (ML), big data, automation and blockchain, amongst others. The findings were supported by an industry survey that led to the broad conclusions that cloud/SaaS and data management initiatives were in flight. AI, ML and automation seemed to be prepping for an explosion of use while blockchain was overhyped and lagging. Over the last couple of years, our general market observations as analysts have largely confirmed the results of the research.
How Businesses & Governments Can Prosper with Blockchain AI Tech by Dinis GuardaDinis Guarda
How Business Governments Can Prosper Blockchain AI Tech
In our new digital data driven world
Blockchain + AI
are the new fire and electricity
why business and governments have to use it?
Digital transformation gave us blockchain and AI but the global economy is not digitalized.
There is a lot of possibilities as the economy gets digitised - blockchain and AI are the next stage
Blockchain and AI technology potential to benefit ordinary citizens
Contextualise blockchain, AI - Businesses and Governments
Smart Contract technology with machine learning will become the default setting for data, finance, payments, procurements, id and supply chain;
Businesses + Governments will need to adapt and evolve fast;
Advanced economies & Emergent markets and blockchain and AI;
How Governments Can Prosper with Blockchain and AI Tech;
Risks and warranties;
What to do now? Conclusions
Presentation and research by Dinis Guarda
Top 5 Emerging Technologies - Future Horizons 2019Mike Parsons
So what's next in emerging technology for 2019? Discover the leading technologies and how they work. Virtual Reality, Blockchain, Voice as an Interface, Augmented Reality, Autonomous Vehicles, Face Recognition, IOT, Artificial Intelligence, Sensors, Smart Cities, Edge Computing, Quantum Computing, Mixed Reality, Ethics and Privacy.
SVB Analytics completed an in-depth analysis of the Internet of Things (IoT). IoT refers to everyday objects — like cars, food, pets and toys — that are connected to the Internet via smart chips which sense and share information about themselves and their surroundings. The report was developed as part of our strategic advisory service, which provides investors and entrepreneurs with an assessment of a company's value in support of acquisitions, mergers, investments, and other strategic financing activities.
A high-level overview of the state and local government technology (GovTech) market. If you're interested in including your company in future research and editorial, please submit it at http://labs.erepublic.com/startups.
Emerging Technologies: Changing how we live, work and play EY-Mint Emerging ...eraser Juan José Calderón
Emerging Technologies: Changing how we live, work and play
EY-Mint Emerging Technologies Report 2019.
Una gran cantidad de tecnologías emergentes está dando forma a nuestras vidas, posiblemente a un ritmo de cambio nunca antes visto en la historia. Habilitado por el poder de cómputo barato y el acceso a grandes conjuntos de datos, las máquinas ya están haciendo un mejor trabajo que los humanos en varias áreas. Esta "inteligencia" se está alejando de las granjas de servidores centrales hacia dispositivos y cosas que pronto se convertirán en parte de nuestra vida cotidiana. Estos dispositivos potencialmente negociarán su propio camino en nuestro mundo a través de "contratos inteligentes" y sin una intervención humana significativa. La información perceptiva superpuesta sobre estos objetos del mundo real nos ayudará a salir de los dispositivos móviles que han captado nuestra atención en este mundo posterior a Internet. Lo que parece único en este momento actual es la rápida adopción de muchas de estas tecnologías habilitadoras y su potencial para trabajar juntos para cambiar nuestras vidas.
The top technology trends in year 2020. in a fast moving world driven by both data and intelligence, understanding the future and direction of technology is important than ever.
4IR AI Blockchain Fintech IoT book presentation by Dinis GuardaDinis Guarda
4IR - AI Blockchain Fintech IoT
- Reinventing a Nation
- Book by Dinis Guarda and Rais Hussin, presentation by Dinis Guarda
Governments need to make sure society benefits from 4IR technological innovations and that these are led and harnessed by them, and not by big tech global titans or minimum work side by side in meaningful ways.
Let now be a new dawn on this front. Let this be our joint responsibility focus and pledge for a new era and create a new drive that uses, manages and controls this powerful set of 4IR Blockchain AI Fintech IoT technologies for our good. For, by, managed and controlled by Nations cooperating with each other, and the people.
Don’t fear the transformative power of 4IR change.
Embrace it, use its power to your own benefit.
Our Tech Trends for 2021. Including autonomous vehicles, plastic recycling, ai-enabled sensors, green hydrogen and alternative proteins. The future is now.
Internet of Things: From Strategy to Action: Driving IoT to Industrial ScaleCognizant
Full IoT value cannot be realized by connecting a few devices. Organizations need to get beyond instrumentation, and focus on the impact these technologies can have on their business strategies, which will require leadership, vision and partnership.
The Connected world evolves and more elements of our analogue world and being connected to our digital world. WE all need to understand this mega-trend and the drivers for IoT in 2017 and beyond
Revolutionize your business with the Industrial Internet of Things ( IIoT) - ...CTOBuddy.com
Download the whitepaper from http://www.attunity.com/IIoT
The Industrial Internet of Things is made up of billions of devices collecting and transmitting data to support some of the fastest-growing areas in global business. But to glean value from the IIoT, companies need to be able to access and analyze this Big Data, and there are several common technical hurdles that need to be addressed first.
Take a look at this presentation to understand how Attunity addresses these technical hurdles head-on, enabling companies to move data fast, easily and securely, and realize the full value of the IIoT.
Technology is not only shaping our lives, but it is also affecting how business is done and how successful it will be. Neil Haboush a reputable businessman in sales and technology puzzle over the technology trends that will impact 2020. Here are the biggest business technology trends in 2020.
https://hackernoon.com/6-biggest-business-technology-trends-in-2020-00q32d9
Disruptive Technologies – A 2021 UpdateCTRM Center
In 2021, Commodity Technology Advisory LLC (ComTech) published its first Disruptive Technologies research report (that version kindly sponsored by FIS). Technologies covered in the study scope included cloud/SaaS, Artificial Intelligence (AI), Machine Learning (ML), big data, automation and blockchain, amongst others. The findings were supported by an industry survey that led to the broad conclusions that cloud/SaaS and data management initiatives were in flight. AI, ML and automation seemed to be prepping for an explosion of use while blockchain was overhyped and lagging. Over the last couple of years, our general market observations as analysts have largely confirmed the results of the research.
How Businesses & Governments Can Prosper with Blockchain AI Tech by Dinis GuardaDinis Guarda
How Business Governments Can Prosper Blockchain AI Tech
In our new digital data driven world
Blockchain + AI
are the new fire and electricity
why business and governments have to use it?
Digital transformation gave us blockchain and AI but the global economy is not digitalized.
There is a lot of possibilities as the economy gets digitised - blockchain and AI are the next stage
Blockchain and AI technology potential to benefit ordinary citizens
Contextualise blockchain, AI - Businesses and Governments
Smart Contract technology with machine learning will become the default setting for data, finance, payments, procurements, id and supply chain;
Businesses + Governments will need to adapt and evolve fast;
Advanced economies & Emergent markets and blockchain and AI;
How Governments Can Prosper with Blockchain and AI Tech;
Risks and warranties;
What to do now? Conclusions
Presentation and research by Dinis Guarda
Top 5 Emerging Technologies - Future Horizons 2019Mike Parsons
So what's next in emerging technology for 2019? Discover the leading technologies and how they work. Virtual Reality, Blockchain, Voice as an Interface, Augmented Reality, Autonomous Vehicles, Face Recognition, IOT, Artificial Intelligence, Sensors, Smart Cities, Edge Computing, Quantum Computing, Mixed Reality, Ethics and Privacy.
SVB Analytics completed an in-depth analysis of the Internet of Things (IoT). IoT refers to everyday objects — like cars, food, pets and toys — that are connected to the Internet via smart chips which sense and share information about themselves and their surroundings. The report was developed as part of our strategic advisory service, which provides investors and entrepreneurs with an assessment of a company's value in support of acquisitions, mergers, investments, and other strategic financing activities.
A high-level overview of the state and local government technology (GovTech) market. If you're interested in including your company in future research and editorial, please submit it at http://labs.erepublic.com/startups.
Emerging Technologies: Changing how we live, work and play EY-Mint Emerging ...eraser Juan José Calderón
Emerging Technologies: Changing how we live, work and play
EY-Mint Emerging Technologies Report 2019.
Una gran cantidad de tecnologías emergentes está dando forma a nuestras vidas, posiblemente a un ritmo de cambio nunca antes visto en la historia. Habilitado por el poder de cómputo barato y el acceso a grandes conjuntos de datos, las máquinas ya están haciendo un mejor trabajo que los humanos en varias áreas. Esta "inteligencia" se está alejando de las granjas de servidores centrales hacia dispositivos y cosas que pronto se convertirán en parte de nuestra vida cotidiana. Estos dispositivos potencialmente negociarán su propio camino en nuestro mundo a través de "contratos inteligentes" y sin una intervención humana significativa. La información perceptiva superpuesta sobre estos objetos del mundo real nos ayudará a salir de los dispositivos móviles que han captado nuestra atención en este mundo posterior a Internet. Lo que parece único en este momento actual es la rápida adopción de muchas de estas tecnologías habilitadoras y su potencial para trabajar juntos para cambiar nuestras vidas.
The top technology trends in year 2020. in a fast moving world driven by both data and intelligence, understanding the future and direction of technology is important than ever.
4IR AI Blockchain Fintech IoT book presentation by Dinis GuardaDinis Guarda
4IR - AI Blockchain Fintech IoT
- Reinventing a Nation
- Book by Dinis Guarda and Rais Hussin, presentation by Dinis Guarda
Governments need to make sure society benefits from 4IR technological innovations and that these are led and harnessed by them, and not by big tech global titans or minimum work side by side in meaningful ways.
Let now be a new dawn on this front. Let this be our joint responsibility focus and pledge for a new era and create a new drive that uses, manages and controls this powerful set of 4IR Blockchain AI Fintech IoT technologies for our good. For, by, managed and controlled by Nations cooperating with each other, and the people.
Don’t fear the transformative power of 4IR change.
Embrace it, use its power to your own benefit.
Our Tech Trends for 2021. Including autonomous vehicles, plastic recycling, ai-enabled sensors, green hydrogen and alternative proteins. The future is now.
Internet of Things: From Strategy to Action: Driving IoT to Industrial ScaleCognizant
Full IoT value cannot be realized by connecting a few devices. Organizations need to get beyond instrumentation, and focus on the impact these technologies can have on their business strategies, which will require leadership, vision and partnership.
The Connected world evolves and more elements of our analogue world and being connected to our digital world. WE all need to understand this mega-trend and the drivers for IoT in 2017 and beyond
Revolutionize your business with the Industrial Internet of Things ( IIoT) - ...CTOBuddy.com
Download the whitepaper from http://www.attunity.com/IIoT
The Industrial Internet of Things is made up of billions of devices collecting and transmitting data to support some of the fastest-growing areas in global business. But to glean value from the IIoT, companies need to be able to access and analyze this Big Data, and there are several common technical hurdles that need to be addressed first.
Take a look at this presentation to understand how Attunity addresses these technical hurdles head-on, enabling companies to move data fast, easily and securely, and realize the full value of the IIoT.
Technology is not only shaping our lives, but it is also affecting how business is done and how successful it will be. Neil Haboush a reputable businessman in sales and technology puzzle over the technology trends that will impact 2020. Here are the biggest business technology trends in 2020.
https://hackernoon.com/6-biggest-business-technology-trends-in-2020-00q32d9
Winning with the Industrial Internet of Things: How to accelerate the journey...accenture
The Industrial Internet of Things (IIoT) will bring new economic growth, reinventing sectors that account for almost two-thirds of world output. The raw technical conditions for the widespread adoption of the IIoT are highly favorable. Today, the IIoT is helping to improve productivity, reduce operating costs and enhance worker safety. As the world struggles to emerge from a phase of weak productivity growth, fragile employment and pockets of inadequate demand, the IIoT offers a chance to redefine many sectors and accelerate economic and employment growth.
Report | McKinsey Global Institute by:
James Manyika and Richard Dobbs are directors of the McKinsey Global Institute, where Michael Chui is a principal; Jacques Bughin is a director in McKinsey’s Brussels office; Peter Bisson is a director in the Stamford office.
Manufacturing; Report: UK Manufacturing Investing Significantly in Digital Tech; Government Fund Won’t Stop Australian Manufacturing’s Structural Decline.
Read more from here.
#manufacturingnews #manufacturing #mrpeasy #mrpsoftware #ukmanufacturing #usmanufacturing #australianmanufacturing #manufacturingsoftware #mrpsystem #erpsystem #digitaltech #DigitalTransformation
State of Phygital 2021. By DEVAR and Leta CapitalAnna Belova
The tech company Devar together with Venture capital firm LETA Capital published a report called “State of Phygital 2021”. The authors set themselves a goal to reimagine the concept of “Phygital” and introduce a fresh look at the very fundamentals of “Phygital” — a set of technologies that combine the physical (offline) world with digital (online).
The World Economic Forum has recently launched The Global Information Technology Report 2013.
In this presentation we have tried to put some important find outs from the same report and few other news and information from global media.
In this report, we set ourselves a goal to reimagine the concept of “Phygital” and introduce a fresh look at the very fundamentals of “Phygital”. According to LETA Capital and DEVAR, Phygital is not only a set of technologies that enhances the physical reality around us but also augments digital offering with the offline components, making them work together to give the best user experience that both worlds can offer.
In this first report, we highlighted Phygital use-cases, vendors, and clients who already implemented Phygital technologies in Construction, Retail, and Healthcare among other areas. We also allow readers to try out Phygital themselves using the smartphone camera and a WebAR technology showcasing some of the real-life examples of Phygital.
We appreciate all inputs, feedback, and any additional use-cases to make the best coverage of the state of Phygital in the future.
If you have any comments or suggestions, feel free to contact Alexander Zemlyak via email azemlyak@leta.vc.
AI driven automation will create wealth and expand economies. Find out the views of the Executive Office of the US President in this AI Government led initiative.
Advances in Artificial Intelligence (AI) technology and related fields have opened up new markets and
new opportunities for progress in critical areas such as health, education, energy, economic inclusion,
social welfare, and the environment. In recent years, machines have surpassed humans in the performance
of certain tasks related to intelligence, such as aspects of image recognition. Experts forecast that rapid
progress in the field of specialized artificial intelligence will continue. Although it is unlikely that
machines will exhibit broadly-applicable intelligence comparable to or exceeding that of humans in the
next 20 years, it is to be expected that machines will continue to reach and exceed human performance on
more and more tasks.
AI-driven automation will continue to create wealth and expand the American economy in the coming
years, but, while many will benefit, that growth will not be costless and will be accompanied by changes
in the skills that workers need to succeed in the economy, and structural changes in the economy.
Aggressive policy action will be needed to help Americans who are disadvantaged by these changes and
to ensure that the enormous benefits of AI and automation are developed by and available to all.
Following up on the Administration’s previous report, Preparing for the Future of Artificial Intelligence,
which was published in October 2016, this report further investigates the effects of AI-driven automation
on the U.S. job market and economy, and outlines recommended policy responses.
This report was produced by a team from the Executive Office of the President including staff from the
Council of Economic Advisers, Domestic Policy Council, National Economic Council, Office of
Management and Budget, and Office of Science and Technology Policy. The analysis and
recommendations included herein draw on insights learned over the course of the Future of AI Initiative,
which was announced in May of 2016, and included Federal Government coordination efforts and crosssector
and public outreach on AI and related policy matters.
Beyond this report, more work remains, to further explore the policy implications of AI. Most notably, AI
creates important opportunities in cyberdefense, and can improve systems to detect fraudulent
transactions and messages.
Number One in Digital, launched September 2014, contains Labour Digital's 82 recommendations to transform Britain into a digital world-leader through investment and reform in infrastructure, investment, regulation, skills and public services. The report calls for a new national programme led by Digital Board of Britain’s digital leaders, reporting to the Prime Minister, to guide this change over the next decade.
The book pinpoints that the digital future is exposed to the danger of chaotic, unregulated growth, which constitutes a challenge for countries that still operate according to traditional economic models, and that public thinking in the Arab region in facing challenges still follows the "reaction methodology" and temporary solutions with short-term prospects, and that this is confirmed by the current international indicators of its competitiveness. The book proposes that in order to address this, visions and efforts should be based on strategies driven by scientific methods, and with it the Arab countries must develop a clear understanding of the main challenges before jumping to seize opportunities.
The book shows that it is fundamental for policymakers and decision-makers to have precise and accurate understanding of the intricate details in digital transformation initiatives and the role that modern technologies can play in changing the rules and systems of current practices, and in how to develop digitized, more innovative business models with which to build resilient and sustainable social economies and systems.
The book also draws on the current data and indicators of the global economy and that they are pushing to form a worrying picture of weaknesses in Arab countries, which in turn may threaten the stability of the entire region, especially with regard to the "cognitive decline" and “increasing unemployment rates” and “poor economic performance"; and that these challenges call for dealing with it as key strategic indicators that require urgent action plans; with emphasis that these plans need to be designed to reflect different ways of thinking and adapted to the nature of the requirements and challenges of the 21st century and treat them as forces and positive factors.
The book highlights the importance of accelerating the implementation of a set of initial reform projects to encourage the development of more dynamic and developed digital business environments in the Arab region, in parallel with the development of educational systems and healthcare, and strengthening agricultural capabilities to achieve food security targets, and focus on economies based on industry and production, and promoting the development of Arab digital platforms to support e-commerce practices.
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Les avis transforment en profondeur la relation client, influent sur l’acte d’achat et sur la notoriété de l'entreprise.
Découvrez le rôle des influenceurs, réels acteurs de la e- reputation et les règles de bonnes pratiques pour adapter votre communication en les mettant au cœur de votre stratégie.
Avec l'intervention des blogueuses @CamilleinBordeaux et @joelle_Dubois. Organisé par le Pôle Numérique de la CCI et le Club Best Of Wine Tourism
Les avis de consommateurs transforment en profondeur la relation client et influent sur l’acte d’achat. Découvrez les risques, opportunités de cette réalité et adaptez votre communication en mettant la recommandation au cœur de votre stratégie.
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Les critères d’éligibilité sont les suivants :
Etablissements privés sur le territoire français
Effectif global moyen 2016 de l’établissement compris entre 0 et 250 salariés
Secteurs d’activité : L’accompagnement s’adresse à des établissements dont l’activité principale nécessite la transformation, le stockage et la manutention, la réparation ou la vente d’un flux matériel important avec une consommation d’énergie significative.
Les principaux secteurs visés sont :
L’industrie de transformation
Le commerce de gros et de détail de produits périssables (alimentaires, plantes, bricolage…)
La restauration
Les métiers de l’artisanat qui transforment de la matière et consomment de l’énergie.
Liste détaillées des NAF éligibles / non éligibles dans le document
80% des entreprises peuvent économiser plus de 180€ par an et par salarié en optimisant leurs flux matières, énergie, eau & déchets : Pourquoi pas vous ?
Plus de détail et inscription ici http://bit.ly/2E2vgLI
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Découvrez le lien entre ces deux réseaux sociaux incontournables pour améliorer votre visibilité et développer vos business, en accord avec vos objectifs et votre stratégie d’entreprise.
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See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
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GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
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https://arxiv.org/abs/2306.08302
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https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
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Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
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The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualityInflectra
In this insightful webinar, Inflectra explores how artificial intelligence (AI) is transforming software development and testing. Discover how AI-powered tools are revolutionizing every stage of the software development lifecycle (SDLC), from design and prototyping to testing, deployment, and monitoring.
Learn about:
• The Future of Testing: How AI is shifting testing towards verification, analysis, and higher-level skills, while reducing repetitive tasks.
• Test Automation: How AI-powered test case generation, optimization, and self-healing tests are making testing more efficient and effective.
• Visual Testing: Explore the emerging capabilities of AI in visual testing and how it's set to revolutionize UI verification.
• Inflectra's AI Solutions: See demonstrations of Inflectra's cutting-edge AI tools like the ChatGPT plugin and Azure Open AI platform, designed to streamline your testing process.
Whether you're a developer, tester, or QA professional, this webinar will give you valuable insights into how AI is shaping the future of software delivery.
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
2. 2 The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity
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
Development, World Bank
3. The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity 3
Seizing the trillion-dollar opportunity 4
The challenge of economic diffusion 6
Driving economic diffusion 8
Five ways to win 20
Contents
4. 4 The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity
Many governments hope the answer
is yes. For example, the UK government
has staked out a leading position in this
“new industrial revolution,” directing
nearly US$125 million to IIoT research.1
In China, the government has made the
IIoT an “emerging strategic industry” and
plans to invest some US$800 million in it
by 2015.2
And Germany plans to use IIoT
technology to increase the productivity of
its manufacturing industry by 30 percent
through its Industry 4.0 initiative.3
These
and many other governments view the
IIoT as a means to stimulate national
competitiveness and economic growth.
And with good reason: By our estimates,
the IIoT can add trillions of dollars
to the global economy by 2030 (Figure 1).
What is more, 87 percent of the business
leaders Accenture surveyed believe
that the IIoT will contribute to long-term
job growth. (Accenture surveyed 1,400
C-suite executives from 30 countries;
see “CEO Briefing 2015: From Productivity
to Outcomes—Using the Internet of Things
to drive future business strategies”).
Why such optimism? The IIoT can boost
productivity, drive the emergence of
new markets, and encourage innovation.
Our survey of global business leaders
on the IIoT reveals strong agreement that
it can deliver benefits for their companies.
In fact, nearly two-thirds of the business
leaders we surveyed said the IIoT would
offer emerging markets the ability to
leap-frog developed economies, while
63 percent said it would close the
competitive gaps between companies
in emerging and mature markets.
The IIoT could deliver massive economic
rewards, but only to countries prepared
to capitalize on its growth. To understand
what is at stake, we worked with Frontier
Economics to model the IIoT’s potential
impact on the GDPs of 20 developed and
emerging economies that generate over
three-quarters of the world’s economic
output.4
The model takes into account
projected investment levels, national
industry structures and the capacities
of different countries to absorb IIoT
technologies. Our analysis shows that, based
on current policy and investment trends,
the IIoT could add around US$10.6 trillion
to the cumulative GDP of these economies
over the next 15 years. In 2030, under these
conditions, the IIoT could result in GDP
being 1.0 percent higher than it otherwise
would be (under trend forecast).
Seizing the trillion-dollar
opportunity
Can the Industrial Internet of Things (IIoT) be a force for
faster growth in an increasingly digital global economy?
However, our analysis shows that the
potential for growth could be even greater.
By taking additional measures to improve
their capacity to absorb IIoT technologies
and increase IIoT investment, countries
could generate up to an estimated
US$3.6 trillion in additional value over
and above the indication of current
trends, for a total of US$14.2 trillion.
For the countries we studied, this could
lift real GDP by 1.5 percent in 2030
over trend projections.
However, these gains won’t become
reality without a great deal of hard
work. Viewed from the perspective
of national economies, it becomes
clear that government leaders and
policymakers must fully support
the IIoT to ensure that their countries
readily translate this technological
change into economic growth.
5. The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity 5
0
2
4
6
8
10
12
14
16
IIoT GDP impact (current conditions) IIoT GDP impact with additional measures
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
Figure 1: Cumulative GDP impact of IIoT (US$ trillion)
In the 20 countries we analyzed, current policy and investment trends in IIoT products
and technologies point to cumulative real GDP contributions of US$10.6 trillion by 2030.
With greater investment and the enactment of key measures to absorb IIoT technologies,
that figure could rise to US$14.2 trillion.
Source: Accenture and Frontier Economics
The Industrial Internet of Things is
the industrial application of a network
of physical objects that contain embedded
technology to communicate and sense
or interact with their internal states or
the external environment. In manufacturing,
connected sensor networks already monitor
logistics movements and machines such
as mining equipment and entire utility
plants, helping organizations reduce
costs through more efficient operations.
In agriculture, similar networks deployed
across farmlands are improving the use
of natural resources and contributing
to better harvests. Our analysis also
includes some consumer applications
such as digital health and “connected
lifestyle” products.
What is the Industrial Internet of Things?
6. 6 The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity
However, the prospect of growth becomes
less certain at the national level, where some
countries have historically outperformed
others when it comes to capitalizing on the
economic potential of new technologies.
The introduction of electric power in
the industrialized world at the turn
of the twentieth century offers a clear
example of this dynamic in action.
While many countries stood at about
the same technological starting line in
this race, the United States became the
world leader in electrification (Figure 2).
Why? Because it more rapidly embedded
the new technology in the wider economy
and altered production and organizational
structures to take advantage of it.
Powering factories with electricity
illustrates this point. Before electrification,
factory workers labored around static
workstations, carrying different parts from
all over the shop to them until, ultimately,
they assembled the product. Electrification
turned this concept on its head, enabling
the product to move down a powered
central assembly line while workers
remained at their stations. This innovation
saved thousands of hours in labor costs
and permitted greater standardization
of work practices. By the 1920s, American
industries were constructing new all-electric
factories in line with the recommendations
of industrial engineers and retraining
factory workers for this new environment.5
As the decades progressed, electricity
expanded beyond industrial sites to
influence the consumer economy. By the
1950s, 94 percent of United States families
had electricity in their homes, fueling strong
demand for electric household appliances.6
The ability of the United States to
capitalize on the economic potential of
electricity compared with other countries
demonstrates how the technological
diffusion of electricity was not the same
as its economic diffusion. While technology
diffusion describes a relatively limited
process of technology adoption, economic
diffusion carries broader implications.
It begins with technology diffusion,
but also reflects growth, innovation,
and financial reward spread across multiple
sectors and industries. The entrepreneurial
and consumerist culture in the United
States, coupled with a favorable business
climate, drove the rapid expansion of
electrification throughout the economy.
In the process, it revolutionized the way
individuals, businesses, and governments
carried out their daily functions.
We see an equally revolutionary potential
with the IIoT. But without the right
enabling conditions for its economic
diffusion, countries may not reap all
its promised rewards.
The challenge of
economic diffusion
Optimism regarding the IIoT’s potential to drive economic
growth at the global level is relatively high.
7. The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity 7
While the United States and major European countries started from similar positions
with electrification, the United States made more changes throughout its economy to
take advantage of this powerful technology. Over time, this allowed the United States
economy to generate significantly higher outputs of electricity per capita—an important
contributor to overall economic growth.
Source: The Cross-country Historical Adoption of Technology (CHAT) dataset, Accenture analysis
0
2
4
6
8
10
12
14
United States United Kingdom France Italy
1992
1990
1988
1986
1984
1982
1980
1978
1976
1974
1972
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1968
1966
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1960
1958
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1918
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1910
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1906
1904
1902
Era of industrial
electrification
Era of consumer
electrification
Electricity changed nearly everything about the way
we live and work—and that scale of transformation
is possible with the Internet of Things.”
Ian Goldin, Director of Oxford Martin School, University of Oxford
Figure 2: Taking advantage of the technology opportunity - gross output of electric
energy per capita in kWh (thousand)
8. 8 The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity
As a result, understanding the factors
that underpin this process—which
we call a country’s “national absorptive
capacity” (NAC)—becomes a central
challenge for countries seeking
to unlock the economic potential
of the IIoT.
Driving economic diffusion
The lessons of history tell us that achieving economic diffusion
comes down to how well a country can weave innovations into
its economic and social fabric.
Based on our research into previous eras
of technological revolution and interviews
with experts from the technology, economics
and business disciplines, we have identified
the four pillars that underlie a country’s
NAC (Figure 3). The impact and strength
of the IIoT’s economic diffusion depends
on the relative strength of these four pillars:
9. The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity 9
Figure 3: Realizing the economic potential of the Industrial Internet of Things
Government leaders cannot assume that their nations will automatically enjoy economic growth thanks
to the IIoT. To make growth possible, they must shift their attention away from the technology itself
and toward the conditions that convert technology diffusion into economic diffusion. The four-pillar
model below reveals the elements that help countries derive the greatest benefits from the IIoT.
Business commons
• Communications
infrastructure
• Human capital
• Quality of governance
and institutions
• Access to capital
• Economic openness
Take-off factors
• Government support
and spending on R&D
• STEM talent
• Quality of scientific
research institutions
• Standards setting
• Urbanization
• Expanding middle class
Transfer factors
• Formal and informal
knowledge transfers
• Organizations’ ability to
embrace new technologies
within organization
• Consumer willingness
to adopt new technologies
• Data privacy and
security concerns
Innovation dynamo
• Entrepreneurial culture
• “Makerism” movement
• University—industry
collaboration in RD
• Development of
technology clusters
• Organizations’ focus
on customer needs
10. 10 The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity
The Internet of Things is blurring the
boundaries between virtual and physical
objects, enabling entirely new market
segments and business models.”
Amit Jasuja, Senior Vice President of Development,
Java and Identity Management Products, Oracle
Business commons
The business commons describes the
business climate and pool of resources on
which companies can draw to carry out
their operations.7
Key elements of a healthy
business commons include an educated
workforce, a reliable financial system,
and a robust network of local suppliers
and distributors—all bounded by good
governance policies and the rule of law.
Today, having strong telecommunications
and Internet infrastructure plays a key
role in determining the strength of the
business commons, since it connects these
various elements. In fact, business leaders
we surveyed see poor information and
communication technology infrastructure,
alongside limited access to capital, as the
most significant obstacles to developing
the IIoT in their countries. Countries with
a weak business commons may be able to
compensate with strengths in other pillars.
But for many, establishing this commons
with investments in the technological
infrastructure of the IIoT and business-
friendly policies can be key to the IIoT’s
economic diffusion.
Take-off factors
Take-off factors help to transform
a technological advance into usable
applications, products and services beyond
niche markets and players. With the
technological foundation established,
entrepreneurs, large businesses and the
general public start taking advantage
of the new technology, in turn driving
increased innovation and scaling.
For instance, once an electrical infrastructure
began to proliferate, new inventions such
as radio and television emerged, helping
many of the world’s economies “take off”
and increasing the economic diffusion of
electricity. The presence of leading hi-tech
firms, the strength of the science, technology,
engineering and mathematics (STEM)
workforce and government support in
research and development (RD) for the IIoT
are key supply-side elements that can foster
growth in this area. On the consumer side,
urbanization and the growing middle class
can drive demand for IIoT goods and services.
We can see these elements coming
together as connected products move into
the consumer sphere and technology firms
race to develop products and services to
meet increasing demand. The IIoT’s ability
to piggyback on existing telecommunications
infrastructure should speed up this
process: 85 percent of the IIoT is based
on legacy infrastructure.8
11. The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity 11
Leading in the Internet of Things won’t
be just about technology—it will also
be about the enabling institutions.”
Carlota Perez, Centennial Professor of International
Development, London School of Economics
Transfer factors
Transfer factors enable a technology to
become far more deeply ingrained in an
economy—inducing wider changes in the
behavior of businesses, consumers and
society. At this point, change is less about
the technology itself and more about the
organizational and social transformations
that it enables to take place. For example,
the economic diffusion of the Internet over
the past two decades is clearly illustrated
by the technology’s evolution from offering
relatively limited applications in e-mailing
and file sharing to becoming the foundation
for how business is done and how many
consumers conduct their daily lives.
Key transfer factors include the exchange
of knowledge as well as shifts in social and
company norms that make harnessing the
new technologies possible. These factors
can differ across regions. For instance,
research reveals that European firms
have seen far fewer benefits from the
proliferation of ICT than their United States
counterparts. European companies could
not adapt their organizational structures
and management styles to take advantage
of the change as quickly.9
We believe that
adapting successfully to the IIoT can test
the competitiveness of a nation’s business
sectors to an even greater extent.
Innovation dynamo
The innovation dynamo is when
a technology produces self-sustaining
innovation and development. When
this happens, innovators combine
technological advances in other areas
with the core technology’s newfound
ubiquity, producing a “multiplier effect”
by building once unimaginable
complementary goods.
For example, electronics led to modern
computing, which, when combined with
telecommunications, led to today’s Internet
and the IIoT. The quality of a country’s
research ecosystem, the presence
of technology clusters, and a strong
culture of entrepreneurialism are just
some of the factors contributing to
the growth of the innovation dynamo.
“Makerism”—essentially a tech-based
extension of do-it-yourself culture
focused on breakthroughs like 3D
printing—will be a key feature of
a mature IIoT economy. Today,
“makers” are contributing to the global
economy by creating homegrown IIoT
applications, and by bringing their
innovations to market.
12. 12 The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity
Assessing country performance on the NAC Index
Leaders can assess a nation’s economic
diffusion potential from the NAC Index,
which shows the potential for economic
diffusion of the IIoT in a given country.
Nations in higher positions on the index
are more likely to reap the rewards of
IIoT diffusion. In association with Frontier
Economics, we created the NAC Index
drawing on the Oslo Manual, which
features guidelines established by the
Organization for Economic Co-operation
and Development (OECD) for collecting and
measuring data on technology innovation.10
We then adapted this information to
focus specifically on the IIoT. Combining
our own historical research and a series of
interviews with experts, we examined 55
indicators from sources such as the World
Bank, the World Economic Forum and the
International Telecommunication Union.
We then integrated these quantitative
proxies into our four-pillar model.
The NAC Index
A country with a NAC score of 100 would
be the top performer on each of the 55
indicators compared to the other study
countries. Overall, our results show that
no one country has achieved this level
of NAC. In other words, everyone has
work to do. The United States, Switzerland
and three Nordic countries are the furthest
ahead in terms of their NACs, but they
also exhibit room for improvement within
each of the four pillars.
Our results suggest that if each of the 20
countries invested the same amount of
capital in the IIoT, countries higher on the
NAC Index will gain more economic benefit
from the investment, ceteris paribus.
Source: Accenture and Frontier Economics
NAC SCORE
64.0 63.9 63.2 62.4 61.8
59.0 58.8
55.0 54.4 54.3 54.1 52.2 50.9
47.1 45.7
33.0 32.4 31.3 29.9
21.3
0
10
20
30
40
50
60
70
100
90
80
ITALY
UNITEDSTATES
SWITZERLAND
FINLAND
SWEDEN
NORWAY
NETHERLANDS
DENMARK
UNITEDKINGDOM
JAPAN
GERMANY
AUSTRALIA
SOUTHKOREA
CANADA
CHINA
FRANCE
SPAIN
BRAZIL
INDIA
RUSSIA
13. The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity 13
14. 14 The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity
Business commons
Business commons measures the extent
to which countries have the technological
and institutional foundations for IIoT
growth. The Nordic countries in our study
performed well on this metric. For the most
part, emerging markets have room for
improvement. The United States, the top
performer on the overall NAC Index, lags
behind other developed markets on human
capital and broadband infrastructure.
For example, the average Internet speed
of Nordic countries is almost four times
faster than those in the United States.
Source: Accenture and Frontier Economics
75.8 75.7
70.1 67.7 65.1 63.5
57.5 56.6 56.2 54.8 52.2 52.0 50.8
43.7 41.7
38.0
34.4
30.0 28.0
20.5
0
10
20
30
40
50
60
70
100
90
80
UNITEDSTATES
SWITZERLAND
FINLAND
SWEDEN
NORWAY
NETHERLANDS
DENMARK
UNITEDKINGDOM
JAPAN
GERMANY
AUSTRALIA
SOUTHKOREA
CANADA
CHINA
FRANCE
SPAIN
BRAZIL
ITALY
INDIA
RUSSIA
NAC SCORE
Take-off factors
Take-off factors assess a country’s ability
to scale technology and encourage the
spread and uptake of new technology
offerings. This index relies on both supply-
and demand-side factors. In general, the
gap in the ranking between supply and
demand factors is not wide, except in the
cases of Norway and South Korea. Norway
is boosted by its strong demand capacities.
However, low levels of STEM skills combined
with insufficient spending on RD limits
its supply-side factors in this area. South
Korea—well known for its high-tech firms
and investments in smart cities—has robust
supply-side factors due to the availability of
skilled labor and large investments in RD,
but could do better on the demand side
such as raising its GDP per capita.
Source: Accenture and Frontier Economics
64.1
56.6 54.9 54.6 53.6 51.8 50.5
47.4 47.2 47.1 46.9 44.4 43.4 43.0 42.8
31.8
25.5 25.0
18.8 17.2
0
10
20
30
40
50
60
70
100
90
80
UNITEDSTATES
SWITZERLAND
FINLAND
SWEDEN
NORWAY
NETHERLANDS
DENMARK
UNITEDKINGDOM
JAPAN
GERMANY
AUSTRALIA
SOUTHKOREA
CANADA
CHINA
FRANCE
SPAIN
BRAZIL
ITALY
INDIA
RUSSIA
NAC SCORE
15. The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity 15
79.5
75.5
72.8 70.8 69.2 67.8 67.8 66.4
62.7 61.4 60.6 59.1
54.7
48.2 45.9 45.2
37.2 35.0
29.2
10.4
0
10
20
30
40
50
60
70
100
90
80
UNITEDSTATES
SWITZERLAND
FINLAND
SWEDEN
NORWAY
NETHERLANDS
DENMARK
UNITEDKINGDOM
JAPAN
GERMANY
AUSTRALIA
SOUTHKOREA
CANADA
CHINA
FRANCE
SPAIN
BRAZIL
ITALY
INDIA
RUSSIA
Source: Accenture and Frontier Economics
Innovation dynamo
Innovation dynamo measures a country’s
capacity to generate innovations from
new technology. Advanced industrialized
economies tend to have more sophisticated
research and business ecosystems, which
position them higher on this index.
The emerging markets—Brazil, China
and India—are among the countries
where most new businesses are started,
and this is often to seize new opportunities
in the market.
NAC SCORE
72.9
63.9 62.4
59.3 58.1 57.2 55.9 54.3 52.5
47.8 46.9 45.7 45.1
41.5 40.0
36.5 35.3 33.0
28.8
21.5
0
10
20
30
40
50
60
70
100
90
80
UNITEDSTATES
SWITZERLAND
FINLAND
SWEDEN
NORWAY
NETHERLANDS
DENMARK
UNITEDKINGDOM
JAPAN
GERMANY
AUSTRALIA
SOUTHKOREA
CANADA
CHINA
FRANCE
SPAIN
BRAZIL
ITALY
INDIA
RUSSIA
Source: Accenture and Frontier Economics
Transfer factors
Transfer factors gauge the extent of social
and organizational transformation in a
society. Advanced economies generally
perform well on their access to formal
and informal knowledge. On the other
hand, emerging markets demonstrate
a high willingness to embrace new
technological innovations compared
with other countries in the index.
Chinese consumers and firms in
particular appear to be open to new
technologies. This may be due to China’s
fast-growing economy: affordable smart
phones encourage consumers to spend
their newfound wealth on technology
devices, and businesses often make large
investments in the technology sector.
NAC SCORE
16. 16 The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity
How do the NACs affect the economic
potential of the Industrial Internet of Things?
In association with Frontier Economics,
we modeled the potential GDP impact of
the IIoT for 20 developed and emerging
economies. To illustrate how the NACs
affect the economic potential of the
IIoT, we compared the results of two
different scenarios generated by the
model: “economic impact of the IIoT under
current conditions” and “economic impact
of the IIoT with additional measures.”
A country’s current position on the NAC
Index and projected investment levels
represents the former scenario. Our results
show that under these conditions, the
IIoT would add around US$10.6 trillion
to cumulative GDP by 2030 for our
20 selected countries.
In the latter scenario, we extrapolated an
IIoT development trajectory by assigning
a country a higher score on the NAC
Index and increasing investment in IIoT
technologies, products and services by
50 percent. Here, we found that the value
would jump to US$14.2 trillion during
the same period.
To move to a higher position on the
index, business and government leaders
can take actions to improve any of the four
NAC pillars. The choice depends on their
country-specific circumstances. A short-
term strategy might require a government
to increase its procurement of IIoT-related
technology. A long-term strategy could
focus on improving the country’s system
of education and workforce skills to align
with the needs of an IIoT economy.
17. The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity 17
Measuring the economic potential of IIoT: The model in brief
The amount of
IIoT investment
determines the
magnitude of the
indirect impact
on GDP
A country’s
industrial structure
reflects how
effectively it
can benefit from
IIoT investment
IIoT
INVESTMENT
SECTOR
ANALYSIS
NATIONAL ABSORPTIVE
CAPACITY INDEX
The NAC Index measures how well a country is prepared
for the economic diffusion from IIoT
BUSINESS
COMMONS
TAKE-OFF
FACTORS
TRANSFER
FACTORS
INNOVATION
DYNAMO
Investment in IIoT
as a positive shock
to GDP growth
Impact of IIoT
investment on total
factor productivity
DIRECT IMPACT INDIRECT IMPACT GDP GROWTH
Note: IIoT investment levels and forecast were drawn from International Data Corporation (IDC) data on Internet of Things (IoT)
spending for each of the 20 countries. IDC defines the IoT as “a network of networks of uniquely identifiable end points (or things)
that communicate without human interaction (by either wired or wireless access) using IP connectivity—be it locally or globally.”
THE POTENTIAL
IMPACT OF IIoT
INVESTMENT
ON GDP
THE ABILITY
TO ABSORB
IIoT BENEFITS
We measured the potential direct and indirect impact of IIoT
investments on GDP growth, which we then adjusted to take
into account each country’s ability to absorb IIoT benefits.
By combining these, we were able to project the potential GDP growth
that results from the IIoT by 2030 for each country.
18. 18 The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity
2030
2029
2028
2027
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
IIoT GDP impact (current conditions) IIoT GDP impact with additional measures
0
1000
2000
3000
4000
5000
6000
7000
8000
The IIoT’s potential impact on national growth
Source: Accenture and Frontier Economics
United States
In our model, the IIoT is projected to
add US$6,132 billion to United States’
GDP in the next 15 years under current
conditions. However, by taking additional
measures such as improving the country’s
broadband infrastructure, this figure
could grow to US$7,146 billion.
IIoT GDP impact (current conditions) IIoT GDP impact with additional measures
0
100
200
300
400
500
600
2030
2029
2028
2027
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
United Kingdom
For the United Kingdom economy, the
IIoT is estimated to add US$303 billion
to GDP in the next 15 years under current
conditions. However, with additional
measures such as companies hiring more
people with skills related to the IIoT,
this figure could grow to US$531 billion.
The UK’s current potential is limited by its
structural bias towards financial services.
The results for a selection of countries illustrate how NACs and IIoT investments could affect national GDP.
For additional country spotlights see www.accenture.com/internetofthingsGDPimpact.
US$ BILLION
US$ BILLION
Source: Accenture and Frontier Economics
19. The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity 19
IIoT GDP impact (current conditions) IIoT GDP impact with additional measures
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
0
100
200
300
400
500
600
700
800
Source: Accenture and Frontier Economics
Germany
The IIoT is projected to add US$593 billion
to Germany’s GDP in the next 15 years
under current conditions. However,
with additional measures, such as the
government encouraging consumer trust
in IIoT offerings, Germany’s GDP could
grow by US$700 billion. Germany’s relative
strength in manufacturing—a sector ripe
for IIoT applications—is an important
factor driving its IIoT-led growth.
IIoT GDP impact (current conditions) IIoT GDP impact with additional measures
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
Source: Accenture and Frontier Economics
China
Under current conditions, the IIoT
is estimated to add US$497 billion
to China’s GDP in the next 15 years.
However, with additional measures,
for instance, by improving its research
ecosystem, this figure could grow
to US$1,824 billion.
US$ BILLION
US$ BILLION
20. 20 The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity
Play to a country’s strengths
Does the economy have a strong high-tech
industrial sector or is it largely agrarian?
Answers to such questions can help
policy-makers pursue appropriate
investment strategies given inevitable
resource constraints. For instance, India
has become an agriculture powerhouse
in recent years. Through its “Digital India”
initiative, the Indian government is seeking
to build on this momentum. Its “smart
agriculture” program allows farmers to
utilize IIoT technology to monitor online
the temperature of grain bins and receive
alerts when temperatures for crops
reach dangerous levels.11
Create a chain reaction
across industries
The IIoT has the potential to create new
ecosystems that cut across traditional
industry boundaries and value chains.
The move to product-service hybrids,
for instance, has led farm equipment
makers to team up with fertilizer
suppliers and insurance providers
to offer integrated bundles. However,
our survey suggests that only 13 percent
of business leaders see the IIoT as a means
to generate new revenue streams through
new products and services. As a result,
policymakers need to encourage businesses
to look beyond their own industries
and build new partnerships that enable
the creation of new products, services
and business models.
Adequate infrastructure along with digital literacy
and skills will be of fundamental importance in
supporting the Internet of Things.”
Hal Varian, Chief Economist, Google
Five ways to win
The NAC Index provides country leaders with insight
into the areas that are hindering their IIoT growth
prospects. Such an analysis can help policy and business
leaders direct their investments to the right areas.
In addition, there are some guiding principles that
can help nations to get a head start in IIoT-led growth.
21. The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity 21
Combat resource deficiencies
In their efforts to realize the IIoT’s
economic diffusion, many economies
may discover deficiencies in skills, capital
and technology. Policymakers must
decide whether to “make-or-buy” these
capabilities. They can develop talent
within the existing workforce (“make”).
For example, China’s IIoT hub, Wuxi, is
nurturing IIoT professionals through its
“IoT Talent Golden Harbor” program.12
But
it may be speedier to address skill gaps by
tailoring immigration policies to attract
skills from abroad (“buy”). Equally, countries
can address technology deficiencies by
attracting foreign direct investment and
encouraging technology transfers.
Join the dots to connect
and collaborate
To spur innovation in the IIoT, governments
can draw on their powerful networks
of stakeholders (such as industry, academia
and non-government organizations)
to share ideas and best practices,
and identify areas of mutual interest
for further research. Governments can
also play a part in increasing collaboration
and partnerships among global and large
regional companies, small and medium
enterprises, and start-ups. For example,
the South Korean government’s “creative
economy” initiative has brought together
large companies and municipalities
to establish innovation centers with
IIoT capabilities. It is also working with
small businesses and regional firms to help
them modernize their operations with IIoT
technologies.13
Facilitating and being part
of such collaborations can also help to
ensure that policymakers design regulation
in a way that does not stifle innovation.
Shorten the investment lag
While 79 percent of the business leaders
we surveyed have developed strategies
for the IIoT, just a little over one-third
are investing in them. Business and
policymakers can work to turn strategy
into reality by promoting experimental,
pilot and demonstration projects in IIoT
applications. For example, Singapore, which
has been experimenting with driverless cars
for several years, is welcoming industry and
academia to run pilot tests with citizens’
participation.14
Such programs can help
raise business awareness of the benefits—
and mutual growth prospects—for both
traditional and new service industries.
What is more, stakeholders should
share early success stories throughout
the business community to spur other
companies—and entrepreneurs—into action.
Policymakers need to strike a balance with Internet
of Things regulation: policy should catalyze the
system rather than impose costs on it.”
Daniel Caprio, Senior Strategic Advisor, McKenna Long Aldridge
22. 22 The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity
About the Authors
Mark Purdy is a managing director and
chief economist at the Accenture Institute
for High Performance in London.
mark.purdy@accenture.com
Ladan Davarzani is a research fellow
at the Accenture Institute for High
Performance in London.
ladan.davarzani@accenture.com
Acknowledgements
The authors wish to thank the following for their contributions: Brian Aitchison, Prith
Banerjee, Olly Benzecry, Sarah Bird, Federico Cilauro, Xiao Chang, Paul Daugherty, Dadong
Wan, Laurie Henneborn, David Light, Andrea Lövenich, Paul Nunes, Eirikur Ragnarsson,
Michael Ridge, Frank Riemensperger and Ryan Schecter.
For nations seeking breakthrough growth in the digital age,
the advent of the IIoT could be a game-changer. But without
the critical enabling conditions, that opportunity may not
materialize. Nations can make the right start by understanding
the pillars of national absorptive capacity and how they
can catalyze IIoT-led economic growth. Armed with such
knowledge, they can set their economies on a better
path for economic progress and prosperity.
23. The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity 23
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