Capturing economic value in IoT discussed at briefing

Competition for digital platforms for the Internet of Things (IoT), capturing economic value from it and the need for cyber security, were among the topics raised at a roundtable discussion and invitation-only briefing with McKinsey Global Institute Director James Manyika.

Interconnectivity between platforms, creating universal standards and the role of governments in that process, the applicability of new technologies to different workplaces and markets, data sovereignty and keeping up with change were also covered in the briefing.

McKinsey Global Institute published a report titled The Internet of Things: Mapping the value beyond the hype in June 2015.

Those who attended the Asia House briefing included representatives from Rio Tinto, Lloyds Bank, Telstra, Aggreko, SAP, Savills, the Chinese Embassy in London, Wipro, GSMA, McKinsey, Taylor Wessing and the Singapore High Commission in London.

samanatha.deave@asiahouse.co.uk

Dominic Barton, Global Managing Director of McKinsey & Company, wrote The dynamic centre of the new global economic landscape for the Asia House publication, Asia 2025, which was launched in March of this year. To read the full piece click here.

Sir Dominic Asquith KCMG will join Asia House corporate members for a private briefing on India on 30 June. For more information click here. 

Mick Adams, Vice-President and Chairman of the Shanghai Board, European Union Chamber of Commerce in China, will present the key findings of this year’s Business Confidence Survey, at Asia House on 30 June. For more information click here.

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