The global economy is increasingly being reshaped by the advent of the Internet of Things (IoT), collaborative and open approaches, and the growing demand for instantaneous and unfettered exchange of value that is anchored in speed and trust. It is estimated that by the year 2020 over 50 billion smart devices will be detecting, transmitting, and sharing intelligence on everything from consumer markets and financial services, to health care. Turning this data and algorithms into monetary gain is where the Internet of Value (IoV) comes in. Empowered by the dawn of Artificial Intelligence (A.I), Application Program Interface (APIs), and Blockchain, the IoV is rapidly changing the competitive landscape of our economy, reshaping traditional markets and empowering a new era of global business enablement for governments, and the industry at large.
The democratization effect of this emerging economic enabler is expected to play a key role in the implementation of smart cities, autonomous transportation, and financial markets while empowering every day entrepreneurs to innovate and unleash new consumer applications and services.
This presentation by Namir Anani, P.Eng., President & CEO, Information and Communications Technology Council (ICTC) will explore the transformative nature of the impending Internet of Value (IoV) and its broader impacts and opportunities for Canadian businesses and the economy in a global context.