A short report from the Progressive Policy Institute, a Washington think tank, considers the potential of the internet of things (or everything) for bringing back the "high-growth economy" in the US - saying that it could raise the level of GDP by 2-5% by 2025. The author, economic strategist Michael Mandel, looked at other reports from McKinsey, Cisco and others to arrive at the growth projection, and adds: "The internet of everything is essential for broadening the economic impact of the information revolution." But policymakers and government, slow to recognise the potential of the internet in the 1990s, will need to show their support, and he also notes it will bring up a large number of important regulatory issues, from privacy to security to employee relations.
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