How Will CRE React to 50B Internet Devices?
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Kasselman: “A little education and awareness can have a tremendous ripple effect if people learn it take it back to their respective firms and begin to take action on it.”
CHICAGO—Logistics provider DHL and IT leader Cisco recently released a trend report on the Internet of Things that estimates that there will be 50 billion devices connected to the Internet by 2020 as compared to 15 billion today. The report goes on to predict IoT will generate $8 trillion worldwide in increased revenues and lower costs in the next 10 years alone. How will supply-chain or logistics operations, as well as the rest of the commercial real estate industry, be affected by this digital explosion?
GlobeSt.com spoke exclusively with Geoffrey Kasselman, SIOR, executive managing director and national industrialpractice leader for Newmark Grubb Knight Frank here in Chicago, about this topic. Kasselman will be presenting the session “Digital Disruption: How the Internet of Things Will Change Your World!” during NAIOP’s commercial real estate conference in Toronto next month. Kasselman is also SIOR’s global VP and will be the organization’s president elect in October…
