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Latest report measures potential economic impact of IoT at $11 trillion

The McKinsey Global Institute’s latest report, ‘The Internet of Things: Mapping the value beyond the hype’, is the most optimistic IoT forecast yet from a major research institute – valuing the economic impact of the IoT at $11 trillion by 2025.

The report analyses more than 150 use cases, ranging from people whose devices monitor health and wellness to manufacturers that utilize sensors to optimize the maintenance of equipment and protect worker safety.

The report concludes that the potential value of the IoT will be between $4 trillion and $11 trillion, broadly falling in line with the PwC report that was released in April of this year. According to the report, 70 per cent of this value will come from B2B rather than consumer uses whilst manufacturing, smart cities, automotive and transport are regarded as some the verticals that have the most potential value.

Interestingly, the report highlights interoperability as a key factor in enabling the IoT to scale, determining that on average, 40 per cent of the potential value depends on interoperability. The GSMA Connected Living programme is playing a leading role in addressing the issue of interoperability, having developed the GSMA Embedded SIM Specification which has since been widely endorsed across the IoT ecosystem.

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Pwc report: Realising the benefits of mobile-enabled IoT solutions

A new report by PriceWaterhouseCoopers (PwC) has found that mobile will play a decisive role in the growth of the Internet of Things (IoT), which in itself will generate significant socioeconomic benefits in both emerging markets and developed countries.

The report, Realising the benefits of mobile-enabled IoT solutions, concludes that mobile network operators will facilitate rapid growth of the wider IoT ecosystem by virtue of being relied upon to provide connectivity for a host of  businesses and services. The report also reviews an array of existing mobile-enabled solutions and determines how they are fundamentally changing business models, creating more opportunities and conserving resources.

The Machine-to-Machine (M2M) market is already demonstrating how operators are providing long range connectivity across of range of different verticals, leading to greater cross-industry cooperation and new revenue opportunities. The knowledge and expertise that operators will develop through working in a multiplicity of markets and industries will consolidate their position in the IoT ecosystem and enable them to further shape the growth of the IoT. The massive impact of the IoT on the global economy in the coming years will enable mobile operators to sustain and accelerate growth beyond consumer voice and data.

Download the report

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Demand for e-Learning continues to grow

E-Learning revenue in Germany increased by 13% to €582m in 2013, according to Bitkom, the German information and telecommunications association. Bitkom cited these findings from a recent national study by MBB Institute which also revealed that the e-Learning sector now employs 8,850 people, up from 700 in 2012—concomitant with a dip in the German economy, this growth is all the more remarkable.

These findings supplement a similar Bitkom survey last year, which stated that two-thirds of German IT companies were now using e-Learning, and most of those that did not, intended to in future. Moreover, half of Germans, from 14-44 years of age, used e-Learning, and a third of these people had installed educational apps on their mobile device. Compared with conventional methods, e-Learning’s market strength lie in its versatility, accessibility and cost-effectiveness.

Bitkom’s position paper ‘From e-Learning to Learning Solutions’, claimed just this. Targeted marketing is easier because mobile apps, educational games, interactive e-books and video content can be adapted to any target group. Additionally, the learning curve and complexity of material can be easily adjusted to match each student’s progress and Massive Open Online Courses (MOOC) resulted in quicker, more extensive networking.

Germany’s rapid growth of e-Learning revenue has outstripped the average growth of Western European countries by 7.2%, according to projections in Docebo’s Market Trends & Forecast 2014-2016 report. Docebo, the Cloud Learning Management System (LMS), expects the Western European e-Learning market to grow by 5.8% each year from 2014-2016. Yet e-learning is also making significant inroads into developing markets; over the same period, the growth of e-Learning revenue is projected to be 15.2% in Africa and 17.3% in Asia.

Earlier this month, Worldreader, the non-profit digital book organisation, announced that this year alone, people across Asia and Africa had spent over 1,028,109 hours reading on the Worldreader Mobile app. Worldreader claimed that the use of mobile in learning helped people access a greater variation of material—including important health information on HIV and Ebola—especially in regions with a paucity of paper books.

In November, the GSMA announced a partnership it had developed between the Philippines Department of Education, Smart and Globe, to build mobile solutions that extend to school youths. To view the full report, click here.

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