“… Specifically, emerging technologies are expected to have a profound economic impact. McKinsey estimates that the Internet of things (IoT) can have a total potential economic impact of $3.9 trillion to $11.1 trillion a year by 2025 and at the high end that level of value—counting the consumer surplus — would equate to around 11 % of the world economy… As today’s technological advances are happening dynamically, only flexible, globally-minded, and industry-driven policies will continue to fuel innovation

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