The Internet of Things & Ireland, August 2015 - Presentation

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Ireland is one of the most connected place in the world. People, process, data, & things - the internet of everything. www.idaireland.com for more information, #IrelandofThings

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The Internet of Things & Ireland, August 2015 - Presentation

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You are likely benefitting from The Internet of Things (IoT) today, whether or not you’re familiar with the term. If your phone automatically connects to your car radio, or if you have a smartwatch counting your steps, congratulations! You have adopted one small piece of a very large IoT pie, even if you haven't adopted the name yet. IoT may sound like a business buzzword, but in reality, it’s a real technological revolution that will impact everything we do. It's the next IT Tsunami of new possibility that is destined to change the face of technology, as we know it. IoT is the interconnectivity between things using wireless communication technology (each with their own unique identifiers) to connect objects, locations, animals, or people to the Internet, thus allowing for the direct transmission of and seamless sharing of data. IoT represents a massive wave of technical innovation. Highly valuable companies will be built and new ecosystems will emerge from bridging the offline world with the online into one gigantic new network. Our limited understanding of the possibilities hinders our ability to see future applications for any new technology. Mainstream adoption of desktop computers and the Internet didn’t take hold until they became affordable and usable. When that occurred, fantastic and creative new innovation ensued. We are on the cusp of that tipping point with the Internet of Things. IoT matters because it will create new industries, new companies, new jobs, and new economic growth. It will transform existing segments of our economy: retail, farming, industrial, logistics, cities, and the environment. It will turn your smartphone into the command center for the both digital and physical objects in your life. You will live and work smarter, not harder – and what we are seeing now is only the tip of the iceberg.

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• IDA Ireland achieves all targets in ‘Winning – Foreign Direct Investment 2015-2019’ Strategy • Numbers directly employed in multinational sector in Ireland at an all time high – 245,096 • 1,209 investments won over the course of IDA Ireland’s ‘Winning – Foreign Direct Investment 2015-2019’ Strategy, creating 112,373 jobs, making it IDA’s most successful period of investment to date • Regional investments increase by 50% over the past five years • In 2019, 21,844 new jobs created in 250 projects in FDI companies. Half of investments were first time investors.

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