Big Data will drive the development of industrial Internet, small change brings big impact

Through the Internet to bring advanced computing, analysis, low cost sensing and the new level of connectivity, global industrial systems are converging, the digital world and machine world deep combine will bring profound changes to the global industry and impact on many aspects of daily life, including the way we work. These innovations will bring a faster speed and higher efficiency to the aerospace, rail transportation, power generation, oil and gas development and other different fields.

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In the industrial Internet, even relatively small changes are likely to have huge impacts. As we said, one percent of the cost savings will be huge numbers. If industrial Internet cost savings and efficiency gains can make the U.S. productivity growth by 1 to 1.5 percentage points, which converted into economic growth will be enormous, and may account for the per capita GDP of 25% to 40%. Internet revolution promotes productivity growth of 1.5%, we believe that industrial Internet will bring similar growth in a long time.