$67 Billion - The Boost to the Current GDP of the World's Ten Richest Cities by Realizing the Full Benefit of the Internet of Things

$67 Billion - The Boost to the Current GDP$67 Billion - The Boost to the Current GDP of the World's Ten Richest Cities by Realizing the Full Benefit of the Internet of Things PR Newswire BARCELONA, Spain, October 31, 2013 AGT International forecasts the immediate economic benefit of connecting billions of devices in the world's wealthiest metropolises as it announces new UrbanShield™ platform AGT International, a market leader in making data accessible and actionable from connected devices and information sources has forecast that the Internet of Things could increase the current GDP of the world's ten richest cities by $67 billion. To unlock this potential, it is vital that cities understand the scale of the opportunities presented to them by investing in the Internet of Things as the world becomes increasingly urbanized. Gartner recently forecast "by 2020 there will be up to 30 billion devices connected with unique IP addresses most of which will be products", up from 2.5 billion in 2009. They predict that the total economic value add for the Internet of Things will be $1.9 trillion in 2020. On this basis, the wealth of the world's ten richest cities could be boosted by an additional $67 billion if this potential could be realized on their current GDP. AGT International also announced today the release of its latest version of the Internet of Things platform for cities: UrbanShield™ 6.0.