1. Cisco also estimates that the IoT contributed $613 billion in global corporate profits in 2013. See Cisco White Paper at 1. Analysts' opinions vary widely as to the magnitude of potential benefits and when they will be realized. For example, the Gartner Group sees $1.9 trillion in global economic value-add by 2020, while the International Data Corporation (IDC) expects IoT technology and services to generate global revenues of $8.9 trillion by 2020. See Press Release, Gartner Group, Gartner says the Internet of Things Installed Base will Grow to 26 billion units by 2020;Joseph Bradley;The Internet of Things is Poised to Change Everything, Says IDC,2013
2. For instance, one study finds that firms that take advantage of "Big Data"-powered data and business analytics have 5-6% higher productivity;Erik See;STRENGTH IN NUMBERS: HOW DOES DATA-DRIVEN DECISIONMAKING AFFECT FIRM PERFORMANCE,2011