Industrial Internet Investment Strategies: New Roles, New Rules
The Industrial Internet represents the next big wave of innovation and will fundamentally transform industrial sectors of the economy. McKinsey Global Institute estimates an annual economic impact of $2.7 trillion to $6.2 trillion by 2025. Gartner estimates it will lead to a digital workforce and smart machines that will replace 1 in 3 knowledge workers by 2020. General Electric estimates that the Industrial Internet could add $10-$15 trillion to the global GDP over the next 20 years.
This transformation has already started, yet the Industrial Internet is still in its infancy stage. Given the trillions of dollars at stake, there will be a wave of investments: in companies, in processes, in technologies, in capital equipment, and in people. Last year, the Thought Leadership Task Group of the Industrial Internet Consortium commissioned a project on investment strategies around IIoT to find out what was changing, how companies were evaluating new opportunities, and what were considered best approaches.
Special thanks to the following member organizations for their contributions to this whitepaper:
- Frost Data Capital
- Huawei Technologies
- Intelligent Structures, Inc.
- Microsoft Corporation
- Pitney Bowes
An additional special thanks to:
- Flatiron Strategies
- Judith Kelley, Principal, New England Partners
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