Internet of Things: Future impact on industries and countries

22 February 2018

100-150 billion consumer and business devices are estimated to be connected to the Internet of Things by 2030, an increase of over 10 times from a level of 2017. All of the best positioned countries to adopt IoT solutions are advanced economies.
IoT is set to be a backbone technology behind the fourth Industrial revolution. The manufacturing sector will benefit vastly from the IoT adoption in operations in the future. The main areas of the IoT usage will be connected to effective supply chain management, productivity and precision increment and product portfolio diversification over semi or fully artificial intelligence-controlled processes (News Item Euromonitor, 9 February 2018).
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