What are the benefits of IoT for different GCC industries

> Manufacturing ($43 billion): The IoT and smart manufacturing can unlock value in two areas: productivity gains and time economies. IoT can create a value of $43 billion for the industry. > Mining and extraction ($27 billion): Overall, productivity gains from using the IoT in mining and extraction could contribute $19 billion to the region’s GDP by 2025. The IoT will also create more free time for people to pursue more productive tasks as a result of fewer non-productive activities and automated monitoring of upstream processes. The IoT can reduce this nonproductive time by 30 per cent — creating a value of $8 billion by 2025. > Healthcare: The IoT can have a strong impact on the industry in all three sources of value creation: productivity gains, time economies and purchasing power. For example, smart monitoring boosts consumers’ purchasing power for devices to keep an eye on chronic diseases such as diabetes, asthma, and high blood pressure. Out of the estimated $78.5 billion cost of chronic diseases by 2025, IoT could generate savings of 7.5 per cent by reducing the impact of complications from chronic diseases. > Transportation and logistics: With the help of IoT a significant amount of time could also be saved by reducing the number of traffic jams, with the value of time lost to traffic jams estimated at $11.8 billion by 2025. > Housing and construction: The greatest impact of the IoT in the housing and construction industry will be the energy savings that come from home automation.