Accenture estimates the Industrial Internet of Things (IIoT) could add $14.2 trillion to the global economy by 2030.
Arguably the biggest driver of productivity and growth in the next decade, the Industrial Internet of Things will accelerate the reinvention of sectors that account for almost two-thirds of world output.
Are companies prepared to take full advantage of this opportunity? Are governments putting the right conditions in place to facilitate progress and capture benefits? Although a few pioneers are reaping rewards from their early investments, widespread adoption is hampered by major challenges.
As the world struggles to emerge from a phase of weak productivity growth, fragile employment and pockets of inadequate demand, businesses and governments need to intensify their efforts and escalate investments.
Backed by recent research and analysis, Accenture believes that the Industrial Internet of Things offers a chance to redefine many sectors and accelerate growth. We outline the opportunities and key actions to take now.