The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity презентация

progress and prosperity

January 2015

Ways to Win

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countries are targeting the Industrial Internet of Things (IIoT) as a means to deliver faster growth.
But without establishing the right enabling conditions, they will not fully capture the opportunity.
To make this happen, countries need to understand their “national absorptive capacity” (NAC)—their ability to weave innovations into their economic and social fabric—and how that influences their ability to grow.

How can countries get started?
Accenture analyzed 20 countries to identify their NACs and how NACs affect IIoT economic potential
Economic modeling revealed US$10.6 trillion in additional GDP by 2030 for the 20 nations as a result of the IIoT
…and that’s just based on today’s investment and policy trends

With additional investment and intervention…
US$3.6 trillion could be added to that total!
How can policy and business leaders capture these enormous benefits?

THE BIG IDEA

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are targeting the Industrial Internet of Things as a means to deliver faster growth

David Cameron, 2014

The UK and Germany could find themselves on the forefront of a new industrial revolution.”

IoT has the potential to enhance Europe's competitiveness and will be an important driver for the development of an information based economy and society.”

European Research Cluster on the IoT, 2013

The Internet of Things can lead to a rebirth of manufacturing in the US.”

Michael Mandel, Progressive Policy Institute, 2013

2/3

Accenture survey, 2014

business leaders believe the IIoT will lead to long-term job growth.

CNN, 2012

US$800M

Accenture survey, 2014

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Chinese government investment into IIoT by 2015.

business leaders said the IIoT would offer emerging markets the ability to leapfrog developed economies.

the industrial application of a network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment.

Business Impact

Consumer Impact

Public Sector Impact

More control over life, leisure, and health

Greater efficiency in business processes

Productivity and innovation in public delivery systems

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will be felt in a number of ways. But not all of them will show up in formal GDP measures.

Greater
productivity

New market opportunities

Faster cycles
of innovation

Improved
quality of life

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US$14.2 trillion in the next 15 years

Forecasts show sizeable potential gains

We evaluated 20 leading mature and emerging economies……..

1.5%

0.2%

US$10.6 tn

50%

Improvement in enabling factors

US$3.6 tn

Lift in GDP in mature markets in 2030

Lift in GDP in emerging markets in 2030

Increase in IIoT investment

Value of cumulative GDP uplift by 2030

…….and calculated the impact of additional measures ……..

Value of cumulative GDP uplift by 2030

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countries may not reap the rewards it promises

Technology diffusion describes a relatively limited process of technology adoption—economic diffusion carries broader implications. It begins with technology diffusion, but also reflects growth, innovation, and financial reward spread across multiple sectors and industries.

Source: The Cross-country Historical Adoption of Technology (CHAT) dataset, Accenture analysis

Gross output of electricity energy per capita

Era of industrial electrification

Era of consumer electrification

US

UK

FRANCE

ITALY

KwHr (thousand)

As the story of electrification teaches us, rolling out a new technology is only the first step—capitalizing on its economic potential is the next.

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the National Absorptive Capacity (NAC) Index

To assess the economic diffusion of the IIoT, countries must understand the factors that underpin this process—which we call “national absorptive capacity”. We identified four pillars that underlie a country’s NAC.

NAC INDEX

Business Commons
How technological and institutional foundations are facilitating the IIoT

Take-off Factors
How rapidly IIoT technologies are being scaled and spread across the wider society

Transfer Factors
How firms, consumers and society are embracing IIoT technologies

Innovation Dynamo
How the IIoT is creating self-sustaining innovation and development

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Accenture and Frontier Economics

The United States, Switzerland and three Nordic countries are the furthest ahead in terms of their NACs, but they also exhibit room for improvement within each of the four pillars.

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Cumulative GDP Impact of IIoT

In the 20 countries we analyzed, current policy and investment trends in IIoT products and technologies point to cumulative real GDP contributions of US$10.6 trillion by 2030.
With greater investment and the enactment of key measures to absorb IIoT technologies, that figure could rise to US$14.2 trillion.

US$ trillion

With additional measures

Under current conditions

Source: Accenture and Frontier Economics

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billion

China

Source: Accenture and Frontier Economics

With additional measures

Under current conditions

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of the economy

Play to the country’s strengths

Create a chain reaction across industries

Combat resource deficiencies

Shorten the investment lag

Join the dots to connect and collaborate

Create new ecosystems that cut across traditional industry boundaries and value chains—look to product-service hybrids

Connect various stakeholders together

Turn strategy into reality by promoting experimental, pilot and demonstration projects in IIoT applications

Decide whether to “make-or-buy” resources including skills, capital and technology

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on its promises can be accessed at Accenture Outlook

The Growth Game-Changer: How the Industrial Internet of Things can drive progress and prosperity can be accessed here

Copyright © 2015 Accenture All rights reserved.

more information about the report, contact the authors:

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Follow this link for more information about the Accenture Institute for High Performance