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. 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. 60% of enterprises do not have the analytics capabilities to take advantage of the data generated from IoT 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. 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. Business Insider predicts that total business spending on IoT solutions will reach $6 trillion by 2021. Rolls-Royce uses IoT to increase the...
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