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March 26, 2015

Connected Life Market to hit $700bn by 2020

GIL 2015: Europe to address the substantial IoT growth in the next five years.

By Joao Lima

Frost & Sullivan has valued the connected life market at nearly $700 billion by 2020. But are companies prepared to drive and manage this change to stay ahead of the rapidly evolving world in which we live?

The GIL 2015: Europe conference, due to take place in London on 14th May, hopes to answer this question. The conference will include a panel with groundbreaking keynote addresses by Genomics England and Google for Work, showcasing global leadership in connectivity and convergence driven innovation.

The event will be attended by over 200 industry leaders to discuss companies’ resilience to cope with the challenges ahead of IoT enabled devices, share ideas and strategies to make their business choices successful.

Nina Bjornstad, Country Manager at Google for Work UK&I, will deliver Google for Work’s vision on the importance of connectivity to drive growth. This is all the more important as, within five years, connected cities will hold a market potential of as much as £268 billion driven by connected consumer services for mobility, governance, education, and banking and financial services.

eServices to Citizens, such as ePayments, eExchange or eSharing, will empower citizens with real-time access to personal data and related services, while smart governance and education services will transform access to information and learning.

Genomics England will be addressing the conference showcasing global leadership in connectivity and convergence driven innovation in healthcare, through the 100,000 Whole Human Genome Sequencing Project led by Chief Scientist Professor Mark Caulfield.

Other speeches will include Senior Partner Sarwant Singh who will present Global Trends in Connectivity and Convergence and Practice and also Director Ankit A. Shukla who will introduce Techvision 2020.

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Frost & Sullivan’s Senior Partner Dorman Followwill explains: "The question is: how can we enable companies to transform through exciting connectivity platforms? We will be presenting specific case studies from traditional global companies that are transforming themselves from the inside out.

These companies are starting with their individual contributors, and from there driving transformation through their employee teams, business units and the entire enterprise."

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