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BNDES Publishes National IoT Action Plan Study
The Brazilian authorities are presenting the Internet of Things as an opportunity for the country to move up to 10 percent of the nation's GDP, which is currently $2 trillion.
May 07, 2018—
The Brazilian government is delivering 100 percent of the National Internet of Things (IoT) Action Plan, the National Bank for Economic and Social Development (BNDES) reported on Tuesday. In December 2016, BNDES presented a public call for the Internet of Things (IoT), which aimed to receive proposals to obtain non-refundable financial support for proposing public policies regarding the IoT.
On that occasion, Minister Gilberto Kassab, then with the Ministry of Science, Technology, Innovation and Communications (MCTIC), signed a transfer of 17 million Brazilian real (US$4.8 million) to the consortium at BNDES' headquarters in Rio de Janeiro. The consortium was formed by McKinsey & Co., Fundação CPqD and Pereira Neto and Macedo Advogados (PNM) to develop the plan. The agreement was signed with Maria Sílvia Bastos Marques, then the president of BNDES, in front of the consortium's representatives.
By 2025, throughout the world, the Internet of Things will have an economic impact of US$4 trillion to $11 trillion, which is higher than advanced robotics, cloud technologies and the mobile internet. In Brazil, the expected impact is up to US$200 billion per year, representing around 10 percent of the Brazilian GDP, which is currently close to US$2 trillion.
According to BNDES, the IoT has been gaining ground not because of the emergence of disruptive technologies, but due to the evolution of a set of technologies that are already available. These technologies are now becoming more accessible, enabling them to be massively adopted.
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