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Internet of Things (IoT): The IoT is connecting devices and systems in real time, creating a wealth of data that can be used to inform innovation. For example, blockchain can be used to track the development of open-source software, manage intellectual property, and share data securely across different organizations.
Trillion by 2024. Adidas will stop using virgin polyester by 2024, only using recycled materials to create its products. Higher-tech drivers of industry transformation include smart labels, the internet of things, data analytics, and blockchain. And this is just the tip of the proverbial (melting) iceberg.
IDC predicts that by 2024 , half of the manufacturers will have networked linked product and asset digital twins into digital twin ecosystems for a systems-level view of their business and a 5% reduction in quality expenses.
Studies show that where the global IoT-backed fleet management solutions revenue was mere $3,250 million in 2017, the expected revenue is set to reach a whopping $15,500 million by the year-end of 2024. Let’s see how it is impacting business processes.
This is the first of these posts looking at the development, thinking and design of innovation from 1999 to today 2024, twenty-five years. So I have taken the educational looking back from Gemini lense of perspective and broken this into three parts. I find it interesting and reaffirming.
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