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The Industrial Internet revolution won’t occur all at once but its seeds are already being planted in the Canadian economy. Sensor technology is already being deployed in machinery to monitor equipment operations and manage the schedules and routes of transportation fleets.

What will the Canadian economy look like in 2025 if businesses continue to adopt the advantages of the Industrial Internet? Key economic sectors will see improvements in efficiency of one per cent or more.

The aviation industry will achieve new efficiencies and fuel savings as data analytics provide commercial craft with improved designs. Pilots will fly optimized routes, crews will perform pre-emptive maintenance and passenger wait times will be reduced.

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Newly designed locomotives will use less fuel as complex fleet management systems track and direct trains to their destinations via efficient routes at optimum speeds.

The oil and gas industry will be transformed by equipment that uses less fuel and advanced analytics that will help engineers locate fossil fuel deposits deep underground. Vast quantities of gas and oil reserves, previously abandoned, will become productive.