What exactly is the Industrial Internet Revolution?
Over a century ago, the Industrial Revolution changed our economy for the better and more recently we have seen the Internet (Digital) Revolution transform society into what we know today.
We’re now moving towards the Industrial Internet Revolution, but what does this mean for our future?
This infographic illustrates the impact that this is going to have on our world thanks to long-range wireless tech (LoRa) and low-cost sensors:
- GE predicts that by 2030, the industrial internet revolution will add between $10-15tn to the global economy
- Energy costs can be reduced by 70 to 80%
- Arguably this will be the biggest driver of productivity and growth in the next decade