Pakistan Institute of Development Economics

P & R Vol.2 Issue 8
Internet of things: The new economy in making
Publication Year : 2021

If we had computers that knew everything there was to know about things-using data they gathered without any help from us-we would be able to track and count everything, and greatly reduce waste, loss and cost. We would know when things needed replacing, repairing or recalling, and whether they were fresh or past their best.