This information is presented to allow clients to determine if the publication’s content is relevant, Halberd Bastion advocates reading the 12-page report in its entirety.
Accenture’s Report Can Be Downloaded Here
Boasting 94 of the Fortune Global 100 as clients, Accenture (www.accenture.com) is the world’s largest consultancy firm by revenue and often publishes material pertaining to technology and professional services. Presented as a position paper this report demonstrates Accenture’s understanding of the Industrial Internet of Things (IIoT) and makes suggestions on how organisations can accelerate productivity and growth.
IIoT has the ability to add $14.2 trillion of value to the global economy by 2030 with enormous gains to the real gross domestic product (GDP) of advanced economies. Although a belief holds that advances in digital technology harm workforces, research suggests that the next generation technology of IIoT will benefit through augmenting skills and redefining tasks.
There are a few early adopters of IIoT that are already reaping rewards from their first investments however widespread adoption is hampered by significant challenges. Although CEO’s are confident about their organisation’s enthusiasm to adopt IIoT almost to the point of overconfidence in some instances, many countries lack all of the conditions that are required to fuel implementation throughout their economy.
IIoT offers sector redefining opportunities like accelerating economic and employment growth. These opportunities come as the world struggles through a phase of weak productivity growth, fragile employment and areas of inadequate demand. In order to capture the enormous value both businesses and governments will need to intensify effort and escalate investment.