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Automation of
5.2–6.7
knowledge work1
3D printing 0.2–0.6
Financial
Services
Regulators make data public at scale
Transaction data enables segmentation, evolution
of highly targeted products
Food /
Government and other players provide reporting
and prediction data and services
agriculture
Innovation (e.g., genetically modified seeds)
bends cost curve and changes playing field
Retail /
grocery
Granular POS data drives changes to
merchandising, marketing
processes
~24 petabytes
daily
transfers ~19
petabytes over its
networks daily
adds ~12
terabytes daily
< 1 terabyte of
data stored, total
2.3
▪ Connected end-points in the IoT can
provide information on identity,
location, status, and instructions
1.8
1.3 ▪ In many industries (e.g. GE aircraft
1.0 engines), IoT concepts and devices
have been used for 20 years
SOURCE: MGI, Company Annual Reports, Capital IQ, Machina, Expert Interviews, Global Insight, Census McKinsey & Company | 7
INTERNET OF THINGS
Example
RFID tagging has been widely used in the private sector, Public Sector
but its use in public sector procurement remains limited Application
▪ Identifies one specific unit of product. ▪ RFID tagging has helped private
Like a Passport or Driver License, it is sector firms to increase the accuracy
unique of inventory tracking by 25%+
▪ Embedded real-time sensors ▪ Central database monitors ▪ Price revisions are readily
identifies parking lots that are parking occupancy, transport communicated to the public
available officals analyses historical ▪ Rates are adjusted no more than
parking occupancy and usage 50 cents per hour down or 25
▪ Drivers can easily visualize patterns by location to make
parking availability and prices cents per hour up, and no more
data-driven pricing decisions often than once per month
online and via smartphones to
plan their journeys
1,460
Latin America 2.1
0
Tablets +25% Asia-Pacific 1.5
20
SOURCE: Cisco Traffic forecast; SA; Interviews; Strategy analytics, WSJ press article, Team analysis McKinsey & Company | 10
MOBILE INTERNET
Example
Mobile devices could help to provide an integrated solution Public Sector
to citizen identification, authentication and verification Application
Development platform
Software applications
Business processes
188
Software / -42%
66
services
Hardware 15 109
100
42
User support 44
(L1 – L3 88
20
helpdesk) 14
32 27
Other 19 14 11
Savings primarily driven through significantly reduced software/services and user support costs,
reflecting the centralised support and deployment of updates and apps in a cloud environment