Industrial Internet of Things: How big is the opportunity?

Accenture terms these enabling factors that explain the extent to which countries have woven the IIoT into their economic fabric as a country’s “national absorptive capacity” (NAC). Our ranking of major economies on this metric can help spur policy makers into action. It can also help guide multinational companies looking for suitable locations in which to invest in their various production and service operations.Once the technologies behind the Industrial Internet of Things combine with a number of broader social, economic and political enabling factors, countries can make the most of their productive and innovative potential.Fast-moving companies are establishing entirely new product and service hybrids that disrupt their own markets and generate fresh revenue streams. With this shift, an “outcome economy” will emerge, providing measurable returns—from guaranteed energy savings in commercial buildings to guaranteed crop yields and quality.