Kroes: Internet of things requires 1 European telecoms market

Kroes will propose legislation for a common EU telecoms market (Photo: EU)

Europe needs an integrated telecommunications market as machine-to-machine connectivity takes on growing importance, EU Commissioner Neelie Kroes said Thursday. Kroes, who is in charge of Europe’s digital agenda, said in a speech to the 11th European Business Summit in Brussels that the absence of a Europe-wide telecoms market is a major obstacle in the way [...]

GE: “Industrial Internet” can add $15 trillion to global GDP

GE is testing sensor-equipped "smart" batteries in a Ford Focus Electric (Photo: GE)

A new digitally connected model for industry could add as much as 15 trillion dlrs to global output, according to a report published by General Electric Monday. Researchers at the US based industrial conglomerate say the so-called “industrial internet,” which links networks, data and machines, has the potential to sharply boost productivity worldwide. That key [...]