• The Irish Times, Friday, July 10, 2015 11 AM

If there was ever a doubt about the Internet of Things and its capacity to spark a “fourth industrial revolution”, just watch how China has embraced it in the past six months alone – anticipating huge technological change combined with remarkable economic growth. East or west, what’s different about the IoT is it’s the latest link in an evolutionary chain that began with our ability to “connect” online, developing since then to the point where we can use that connectedness to innovate and do business more efficiently. China-watchers at international consultants McKinsey predict new online development could fuel up to 22 per cent of the country’s GDP growth between now and 2025, depending on how enthusiastically it’s adopted and how prepared the infrastructure is to cope. Then, in 2025 – in that one single year – it could generate as much as 10 trillion yuan (about €1.45 trillion) in added GDP, roughly equivalent to the GDP of Australia.

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