The “Industrial Internet of Things” (IIoT) could contribute $14.2 trillion to world output by 2030, according to new research by Accenture. But these potential gains are at risk because neither companies nor governments are taking sufficient actions to put in place the conditions necessary for the wide adoption of new digital technologies, the firm says.

The IIoT, which enables new digital services and business models based on intelligent connected devices and machines, is expected to particularly boost growth in mature markets, according to the report, “Winning with the Industrial Internet of Things.”

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