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The Hyperconnected Economy
Report

The Hyperconnected Economy

How the Growing Interconnectedness of Society is Changing the Landscape for Business

Economist Intelligence Unit
EIU, 2014
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Editorial Rating

8

Qualities

  • Analytical
  • Scientific
  • Well Structured

Recommendation

Economists are only now beginning to quantify the impact on GDP of the Internet and other technological innovations, while businesses are still trying to navigate their next steps in the digital revolution. This instructive study from the Economist Intelligence Unit offers a top-level look at how “the hyperconnected economy” offers nations and firms unprecedented opportunities as well as unique challenges. getAbstract recommends this report to business leaders interested in learning how their organizations can best leverage these new technologies.

Take-Aways

  • Recent studies show that the Internet is having a notable impact on growth and business opportunities in the major economies. The spread of mobile technology in developing markets could bring increases in productivity, GDP growth and jobs.
  • Low penetration rates means ample room for growth in countries such as India, where only 16% of people use smartphones; by 2018, the absolute number of smartphone users in India will exceed the number of users in the United States.
  • The Internet of Things could transform entire industries. Carmakers are fitting sensors into vehicles to gather information, and manufacturers are “embedding connectivity and data processing into industrial equipment” to tailor and automate production runs.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

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