14.11.2016 Views

3FOOD

TIR-CG_Luxembourg-Final-Report_Long-Version

TIR-CG_Luxembourg-Final-Report_Long-Version

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Third Industrial Revolution Consulting Group<br />

2016 AT Kearney study says that "over the next 10 years, the market for IoT solutions will be<br />

worth € 80 billion, and the potential value for the EU28 economy could reach € 1 trillion." The<br />

report goes on to say that the increase in productivity alone could exceed € 430 billion in the<br />

EU. However, AT Kearney is quick to add that the increased capabilities brought on by the<br />

digitalization of the infrastructure will "increase exponentially when connected objects are<br />

coordinated." 8<br />

The build out and scale up of the Third Industrial Revolution Internet of Things platform will<br />

enable businesses in Luxembourg to dramatically increase aggregate efficiencies across their<br />

value chains, increase productivity, and reduce marginal costs and ecological footprint, making<br />

the nation a leader in the shift to the new economic paradigm and an ecological society.<br />

8 See: https://www.atkearney.com/documents/10192/7125406/The+Internet+of+Things-<br />

A+New+Path+to+European+Prosperity.pdf/e5ad6a65-84e5-4c92-b468-200fa4e0b7bc<br />

13

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!