SEAT President Luca de Meo and Telefonica's Spanish President Luis Miguel Gilperez have signed an agreement that aims to promote a joint effort to develop innovative initiatives in the automotive industry. The agreement reached, which makes Telefónica a strategic IT supplier to SEAT, is set within the framework of SEAT's strategy to position itself as a benchmark company in connected, digitized mobility solutions.

The digital economy’s share in China's GDP rose from 21.6% to 39.8% between 2012 and 2021, the Ministry of Industry and Information Technology data states, as per state media resources.

The Industrial Internet of Things (IIoT), a subset of the Internet of Things (IoT) is expected to transform a variety of industries. Digital transformation has reverberated across several, if not all, industries and it will definitely continue to do so over the next few years, especially with the rise of 5G network adoption across the globe, it will give IoT the power to function in the best way imaginable.