What The Internet of Things Means For Physical Industries

The extension of the Internet to the physical world is a huge step forward and in this video Michael Mandel, chief economic strategist at the Progressive Policy Institute, talks about what this will mean for us. During the Washington Post Live's All Things Connected forum 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.

Image Credit: MartaDesign/Shutterstock
Dr Mark van Rijmenam
Dr Mark van Rijmenam

Dr Mark van Rijmenam is The Digital Speaker and available for (virtual) keynotes in-person or as avatar or hologram. He is the Founder of Datafloq and Mavin. Van Rijmenam is the author of the three best-selling management books, including The Organisation of Tomorrow, which discusses how AI, blockchain and analytics turn your business into a data organisation. He holds PhD in management from the University of Technology Sydney on how organizations should deal with Big Data, Blockchain and (Responsible) AI and he is the publisher of the ‘f(x) = ex‘ newsletter read by thousands of executives.

Share

Comments

Sign in or become a The Digital Speaker - Future Tech Strategist member to join the conversation.
Just enter your email below to get a log in link.