A professional services business is predicting a quarter-of-a-trillion-dollar uplift to the nation’s economy over the next 10 years as IoT and a range of other technologies are rolled out.

PwC digital economy expert Mohammad Chowdhury says IoT is still very much an emerging technology in Australia and the uptake of IoT technologies is still in a nascent age, although he says COVID-19 has caused an acceleration of 5G deployment around the world.