Iot, is a technological revolution that has been around for quite some time now.
Connecting more “things” to the Internet has the potential to increase efficiency, lift productivity, reduce waste, and fuel economic growth, e-forum reports.
According to a McKinsey Global Institute study, a fully networked Internet of Things (IoT) could add up to $11 trillion to the global economy every year by 2025.
To understand factors leading to the adoption of the tech, AMEinfo at WEF Davos interviewed Jeff Merritt Head of IoT & Robotics & Smart Cities for WEF.
What is the number 1 area of growth for Iot?
What are the sectors impacted?
Also, find out how 5G is a key element for transforming humans towards much higher levels of intelligence and know-how.
Watch the video here.