Statistics About Internet of Things (IoT) Part - 2


  1. Harley Davidson reduced its build-to-order cycle by a factor of 36 and grew overall profitability by 3% to 4% by shifting production to a fully IoT-enabled plant.
  2. According to General Electric, the IoT will add $10 to $15 trillion to worldwide GDP growth by 2030—the equivalent of China’s entire current economy.
  3. 60% of enterprises do not have the analytics capabilities to take advantage of the data generated from IoT
  4. The health care market will feel the impact of the IoT. ACT, an organization representing over 5,000 mobile technology companies, is forecasting a $117 billion connected health care market by 2020.
  5. The city of Barcelona saves $37 million a year, through smart lighting. And the city’s many IoT initiatives have created 47,000 new jobs.
  6. Business Insider predicts that total business spending on IoT solutions will reach $6 trillion by 2021.
  7. Rolls-Royce uses IoT to increase the fuel efficiency of jet engines, optimize flight paths, and improve maintenance. Attaining an 1% reduction in fuel usage translates to a cost savings of $250K per plane, per year.

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