Economist: The Internet of Things will deliver surge of productivity

BOSTON – The view from Harvard’s Michael Porter, an economist noted for his work on competition, is that the last 10 or 15 years have been “pretty dismal” for the economy. The IT- and Internet- driven innovations over the past four decades or so have played themselves out. The rate of investment and innovation “has been slowing down,” he said.

But that will change thanks to Internet of Things (IoT) technologies, which will deliver “tremendous” efficiency gains, he said.