Brazilian government advances IoT plan – ZDNet

December 18, 2016 Facebook Twitter LinkedIn Google+ Uncategorized

The Brazilian government has signed a deal with the national development bank to carry out a study on opportunities around Internet of Things (IoT).

A consortium composed of consulting firm McKinsey & Company, law firm Pereira Neto/Macedo and research institute CPqD will be responsible for the execution and delivery of the study within a nine-month timeframe.

The material from the study will be then used as the foundation of a national IoT plan, which has a planned launch for the second half of 2017.

The study will cost R$17,4 million ($5,1 million), R$ 9,8 million ($2,8 million) of which will be funded by the Brazilian Development Bank (BNDES) and the remainder by the consortium responsible for the creation of the study.

According to a report by Accenture from earlier this year, Brazil ranks at the bottom of a list of several countries worldwide in terms of its ability to generate economic impact from technologies based on the IoT environment.