Internet of Things: Guidelines for Sustainability
Our analysis of over 640 Internet of Things (IoT) deployments worldwide suggests that IoT has development benefits that could be maximized without compromising the commercial viability.
Encourage a sustainable adoption of the Internet of Things by proposing cross-industry cooperation and new business models that maximize commercial results and social impact
The Internet of Things has a crucial role to play in the digital transformation of industries being at the converging point of technology trends such as cloud computing, big data or artificial intelligence. As networks transition to 5G, connected devices will enable multiple new use cases including autonomous driving, robotics, smart city services or telemedicine. However, stakeholders across industries, and in collaboration with government and other stakeholders, will have to develop new business models that could enable a wider adoption of the IoT as well as the rollout of 5G networks. Additionally, the societal implications of IoT, will not only be significant but will also represent commercial opportunities
Several studies indicate that a vast majority of CEOs agree with the importance of satisfying societal needs in addition to those of investors, customers, and employees. And the opportunity to realize this vision, is clearly there. Our analysis (http://wef.ch/IoT4D) shows that 75% of IoT deployments concentrate on 5 areas (cities, infrastructure, energy, health, and production) which map to 5 of the 17 UN Sustainable Development Goals. Private sector is driving 70% of projects and 95% are small or medium in size. This data reveals that there are 1) opportunities to scale and 2) opportunities to replicate IoT solutions beyond those 5 areas, including transport, food production or water (also aligned with the SDGs).
For any questions about this project, please contact: Rodrigo.Arias@weforum.org