IoT TO BOOST GDP. “Mandel looked at projections from the McKinsey Global Institute that predicted that the U.S. would get one-third of the $2.7 to $6.2 trillion in global gains from the IoE and that two-thirds of the gains would show up in the gross domestic product (GDP). Then he looked at long-term projections from the Congressional Budget Office and estimates that this could lead to a 2 percent to 5 percent gain in GDP in 2025, with a GDP of $28 trillion.””
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