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Making smart cities and IoT a reality in Latin America
The Internet of Things brings about an enormous opportunity for Latin America. The total revenue opportunity for the region by 2023 is USD 33 billion, according to GSMA Intelligence. However, the overall impact on GDP is likely to be a lot more substantial. For Brazil alone, McKinsey forecasts the impact of IoT by 2020 to be of at least USD 50 billion in the country’s GDP.
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