New Zealand’s Communications Minister Simon Bridges has today welcomed the release of research which suggests over $2 billion of potential economic benefits from the application of the Internet of Things (IoT) across key sectors of the New Zealand economy.
Commissioned by the New Zealand IoT Alliance, ‘Accelerating a Connected New Zealand’ looks at the current impact of IoT on the New Zealand economy, how it compares internationally and the potential benefits from increased deployment of this emerging technology.
Speaking at an event in Wellington, Minister Bridges said the research will help industry, government and academics understand the potential of IoT and what it means for New Zealand.
“Given IoT is an emerging technology, there’s still a lot we don’t know. The research tells a really positive story that the benefit of IoT could be far greater to our economy,” Bridges says.
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