SmartData Collective’s Mark van Rijmenam highlighted PPI’s Michael Mandel remarks on the Internet of Things and the video of his participation in the Washington Post “All Things Connected” event.
He explains that “the Internet has transformed digital industries, while the Internet of Things will transform physical industries.” He estimates that 20% of GDP comes from the digital industries, which means that 80% comes from the physical industries. This shows that the transformation of physical industries can have a massive impact on the GDP. In addition he explains why he believes that the Internet of Things will be a job creator instead of a job destructor, as is often thought of technological advances.
Read the article and find the video here.
