Building a National IoT Plan: Policy Recommendations and the Case of Brazil
The Internet of Things (“IoT”) is an expression that refers to a whole set of new services and devices that includes at least three fundamental aspects: connectivity, use of sensors or actuators, and computational capacity for data processing and storage. The Internet of Things goes beyond connecting objects to each other; it also gives them the power to process data (thereby making them "smart").
For developing countries such as Brazil, the opportunities offered by the Internet of Things can compensate for shortcomings in infrastructure and services, and can improve innovation, quality of life, productivity, and even the economic complexity of our basket of export products. However, the way in which each country will seize this opportunity will depend on its specific aspirations and strategies. The broader economic, social, political, and legal context of the country should be considered, as well as the local development of information and communication technologies.
For this reason, the National Bank for Economic and Social Development (BNDES), in partnership with the Ministry of Science, Technology, Innovation and Communications (MCTIC), has commissioned this study, "Internet of Things: An Action Plan for Brazil." This study, mapped by a consortium comprised by McKinsey & Company, the CPqD Foundation, and Pereira Neto | Macedo Law Firm, outlines the local technological and economic challenges related to the topic, as well as well as how to address legal issues inherent to the development of IoT in Brazil.
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More About This Work
- Academic Units
- Entrepreneurship & Policy Initiative
- Entrepreneurship & Policy Initiative, School of International and Public Affairs, Columbia University
- Entrepreneurship & Policy Initiative Working Paper Series
- Published Here
- January 14, 2020