The initiative began with the National Bank for Economic and Social Development (BNDES) and the Ministry of Science Technology Innovation and Culture (MCTIC), and involves the McKinsey & Co. consortium, the CPqD Foundation and Pereira Neto and Macedo Advogados (PNM). The results, along with five lessons learned, were published in a report titled "Internet of Things: An Action Plan for Brazil."
Focused on providing an analysis of good international practices, the benchmark document of initiatives and public policies suggests ways in which Internet of Things technologies could be developed in Brazil. The report sums up the first portion of the study. Supported by the BNDES Project Structuring Fund (FEP) and conducted by the bank in partnership with MCTIC, the study is expected to guide the Brazilian government in the formulation of policies for the development of IoT solutions.
The work is an effort to identify trends in what is viewed as a relatively new phenomenon. The group believes that most IoT initiatives in Brazil began just four years ago. However, the industry's initial steps actually go back more than a decade, when the first initiatives with RFID were documented by Hewlett-Packard at its printer factory in Sorocaba.
In an attempt to understand what is happening in Brazil and what the main public policy trends are throughout the world, the study's authors have examined what has been done by governments within 12 selected regions, grouped according to three criteria: prominent position in the Internet of Things, the strong role of the IoT and challenges similar to Brazil. Based on their analysis of the IoT ecosystems in these regions, the authors offered five main lessons in their report.
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