Enhanced Asset Management. With the right connected devices and strategically located sensors or beacons, you can better manage your assets and significantly boost your bottom line at the same time. Therefore, IoT devices that improve these factors will certainly increase productivity.

In addition to improving the employees’ efficiency, the IoT and its data-gathering capabilities can help businesses lower overhead and minimize unnecessary expenses. In fact, devices like the Nest Thermostat and similar systems can help minimize energy expenditure from overuse of air conditioning and heating.

Technology also empowers employees to progress through their own personal system of goals and provides for the implementation of productivity trends through individuals, teams, and the broader organization. This method of analyzing and tracking employee performance can also be used to foment friendly competition.

The results of the study show that the Internet has positive and statistically significant effects on labor productivity. Assuming other factors stay constant, increasing the number of Internet users by one percent increases GDP per employed person by $8.16–14.6.

Some researchers have not found any evidence that would suggest that the use of the Internet increases productivity. However, there are several success stories that imply that the Internet could be an important tool in improving productivity or overall performance of a firm.

In addition to communication, the internet has also dramatically changed the way we collaborate while working on a project, mainly by providing us with many more tools we can use to collaborate. One of the most widely used of these tools is Google’s suite of productivity programs (Docs and Sheets, mainly).

The Internet will produce significant cost savings in many sectors of the economy, resulting in faster productivity growth. It will also produce lower prices for consumers, resulting in faster growth in living standards.

Recent research suggests that excess use of the internet over prolonged periods of time may negatively affect some cognitive functions, particularly attention and short-term memory.

Improving or increasing their quantity can lead to growth in the economy.

• Natural Resources.
• Physical Capital or Infrastructure.
• Population or Labor.
• Human Capital.
• Technology.
• Law.
• Poor Health & Low Levels of Education.
• Lack of Necessary Infrastructure.

The internet is the wider network that allows computer networks around the world run by companies, governments, universities and other organisations to talk to one another.