Thanks to the Internet of Things (IoT), physical assets are turning into participants in real-time global digital markets. The countless types of assets around us will become as easily indexed, searched and traded as any online commodity. While some industries will be tougher to transform than others – those with physical limitations, such as manufacturing, will be harder to digitize – untold economic opportunities exist for growth and advancement.
Our research shows this will create a new “Economy of Things” with significant consequences. Here, we explore this transformation, including what could happen to industry profit pools, as well as the likely impacts on existing players in dif ferent industries.
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