GE: Connecting machines could boost world's GDP by trillions

11/26/2012 | GigaOm

Automating communication machines via an "industrial internet" could increase global GDP by up to $15 trillion by 2030, according to a new study by General Electric. The study reported that being 1% more efficient could save $30 billion in aviation and that connected machines could save $150 billion across industries. Some jobs could become unnecessary through the innovation process, but the study says those could be replaced with new jobs that would be created.

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