How the Industrial Internet Could Spark Radical Productivity Gains

Infographic: How the Industrial Internet Could Spark Radical Productivity Gains

While alarmists fret over widespread technological employment, the firm RS Components is upbeat about the prospects of the Industrial Internet to drive productivity.

Written by IOT Content Manager
30th June 2016

Make no mistake about it: the coming fourth Industrial Revolution (or Industrie 4.0, as the German government calls it) will have a significant impact on workers and the overall economy. A recent infographic from RS Components Ltd says that there will be considerable financial gain from the Industrial Internet. In it, the company cites a GE prediction that the Industrial Internet will add $10-15 trillion to the global economy by 2030. Energy costs could be slashed dramatically–by up to 70 or 80%. And the GDP in the United States and other nations could increase significantly as well.