Yesterday we held an Internet of Everything (IoE) Panel session at Cisco Live! in Melbourne, and have come away inspired by the innovative ways that this hyper-connected network is being used in Australia.
From manufacturing and transport, to agricultural and environmental initiatives, the Internet of Everything is helping business across all industries adapt to the Internet era – and ensure they remain relevant in the global digital economy race for many years to come.
Cisco’s Internet of Everything research shows that if we can intelligently connect people, data, process and things, we can generate significant value for economies, industries and organisations. Indeed, it estimates the ‘Value at Stake’ (VAS) for the private/public sector to be $14.4T/$4.6T respectively over the next 10 years. You can read about the potential value for the public sector in our white paper here, and the potential value to the private sector here.
In this panel session, we heard from customers and partners who have, or plan to, capture this IoE Value at Stake and the progress and outcomes achieved. The discussion was engaging and wide-ranging – far too much was covered for us to squeeze into one blog post, so to give you a flavour of how Cisco is enabling the IoE, here are four interesting facts we learnt:
1. Train crossings can be safer with the Internet of Everything
Jack Singh, Director of the Centre for Technology Infusion at La Trobe University, talked about a solution developed that alerts nearby vehicles when a train is approaching a level crossing. This has been trialled in a number of real-life situations to great success. The technology has the potential to prevent future disasters like the 2007 Kerang accident which tragically claimed 11 lives.
2. The manufacturing industry has the most to gain from IoE
The manufacturing industry stands to gain at least 27% of the $14 trillion IoE “Value at Stake”, which David Hegarty from Rockwell Automation explained at the panel. Manufacturing already produces more data than any other sector and the companies which are ahead of the curve are generating huge cash gains from harnessing this wealth of data.
Cisco partners with Rockwell Automation to deliver solutions in automotive, oil & gas, food & beverage, water/wastewater and power & energy. Rockwell Automation is Cisco’s premier relationship in the industrial space and key to our success in the $3.8T manufacturing IoT market.
Rockwell Automation was also earlier this week recognised at our Cisco ANZ Partner Insight Awards as Internet of Everything Partner of the Year 2013 so thrilled to have them on our panel.
3. Plane engines are more connected than ever
Mark Sheppard, CIO for global growth operations for GE Australia and New Zealand, provided plenty of comments around the convergence of IT and Operational Technology. One of the most interesting examples of hyper-connectivity Mark talked about is in the aviation sector, where GE provides 70% of plane engines in Australia. Using sophisticated analytics, GE is able to optimise the use of jet fuel and reduce emissions from engines. If an average sized airline used big data tools such as this, it could equal the equivalent of removing 10,000 cars from our roads in terms of emissions.
4. You’ve heard of m2m, now we have a2m (animal to machine)
Ros Harvey talked through a number of examples of how her customers are using sensors to create new products. One of the most interesting examples is how sensors are being used to improve the understanding of aquaculture, particularly around oyster farms. The sensors are able to optimise production by giving 24/7 real-time health checks on the oysters and the water. Given that unnecessary closures of an oyster farm can cost upwards of $150,000 a day, real-time health diagnostics is invaluable. If you want to read more about how Sense-T is supporting oyster farmers, you can click here.
We hope you’ve found the real-life examples of the Internet of Everything as surprising and exciting as we have – so we look forward to hearing more about new uses in the future. The world is your oyster!