Blog authored by Chet Namboodri, Cisco and Patrick Gilbert, AeroScout Industrial
Last week, at an Internet of Everything event in Chicago, Cisco and its partners showcased how an increase in connected devices is improving lives and businesses in both private and public sectors. From connected energy to more efficient hospitals to smart cities, the Internet of Everything (IoE) is producing real, transformative results. Amongst industries—even considering all of the existing automation and controls implementations from the last 50+ years—manufacturing has the most potential for growth and development by connecting the unconnected, estimated by Cisco to have nearly $4 trillion in IoE opportunity value at stake through 2022.
During a panel on IoE in Business, Stanley Black & Decker announced the results and estimated productivity savings, upside revenue, and risk cost avoidance of a new Connected Factory Wireless implementation conducted with Cisco and AeroScout Industrial. Stanley Black & Decker, headquartered in New Britain, Connecticut, is a leading global provider of hand tools, power tools and related accessories, mechanical access solutions, electronic security and monitoring systems, and products and services for industrial applications. They’re generally familiar to anyone who’s ever tried their hand at remodeling or handiwork. In 2005, Stanley Black & Decker opened a new plant in Reynosa, Mexico, to manufacture dozens of products, such as jigsaws, planers, cordless drills, floodlights, and screwdrivers for the DeWALT brand and lawnmowers for the Black & Decker brand.
The Internet of Everything (IoE) is becoming more real than ever, particularly in education. As we begin to see this massive transformation taking place, schools for both K-12 and higher education are utilizing Cisco networks to run applications and pilot projects that benefit both the students and the faculty. We expect to see more and more of these examples in education, specifically, as schools, colleges, and universities find new and different ways to leverage these technologies.
Schools and colleges have proven that initiatives around Bring Your own Device (BYOD) and Connected Learning are part of the bigger picture when connecting people, process, data and things. But what may not immediately come to mind is that IoE can drive energy efficiency for colleges.
On Tuesday, July 22, journalists and analysts heard from Chicago-based leaders in local government, public safety and education about the impact of IoE in public sector during Cisco’s two-day IoE and Innovation event held in the Windy City. Read More »
This week I’m excited to participate in an event we are organizing in Chicago, home of the 2014 Internet of Things World Forum. We’re meeting with some of our partners and customers as we make a few joint announcements – including a new IoE Innovation Center in Barcelona, and showcasing some new solutions built on our platform by some of our partners. Additionally, I’m getting a preview of some of the amazing smart & connected deployments in Chicago – a preview for the IoT World Forum.
I am writing this blog as I gear up to lead Cisco’s Internet of Things (IoT) Systems & Software Group. Over the last few weeks I’ve spent time getting to know the group and have been struck by the tremendous energy and focus on customers and partners the team has. I’m also excited about how dynamic the Internet of Things space is.
While we’ve calculated the total economic value at stake for Internet of Everything by 2020 – $19T – and the number of potential connected devices – 50B – these nearly unfathomable numbers may, honestly, not pan out exactly to the decimal. The Internet of Everything could be smaller or, more likely, much much larger – but the overall point is that more and more people, process, data, and things are connecting. Professor Michael Nelson of Georgetown University has said that “Trying to determine the market size for the Internet of Things is like trying to calculate the market for plastics, circa 1940.” At that time it would have been nearly unfathomable for the numbers of existing things – milk containers, furniture, industrial components – to be made into plastic. And just as plastics have pervaded every part of our lives and enabled new industries, the connections created by Internet of Everything will too. I think that’s a great way to think about the untapped potential of this market. Read More »
“The Internet of Things is the next technology transition where devices will allow us to sense and control the physical world by making objects smarter and connecting them through an intelligent network”, Lindsay Hiebert, Senior Marketing Manager, Internet of Things, Cisco Systems
The Internet of Things in a Manufacturing Plant Environment
The Internet of Things is the network of physical objects accessed through the Internet. These objects contain embedded technology to interact with internal states or the external environment. This technology allows objects within such places as manufacturing floors, energy grids, healthcare facilities, and transportation systems to be controlled from virtually anywhere in the world. This connectivity also means more data can be gathered from more places, with more ways to increase efficiency and improve safety and security. The Internet of Things and the Internet of Everything (people, process, data and things) is about connecting the unconnected.
As the Internet of Everything (IoE) continues to drive one of the most sweeping market transitions in history, organizations will need to be hyper-aware, predictive, and agile. And IT will demand an infrastructure that is flexible enough to keep pace with rapid change and fast innovation, as it responds dynamically to ever-rising threat levels. Above all, it must support business leaders looking to capture their share of the $19 trillion in IoE-related value at stake.
But a rethink on the traditional role of IT is critical. Today, IT cannot simply continue “keeping the lights on.” More than ever, IT must partner with the business as an orchestrator of services and a true leader in innovation. The new IT operating model for the IoE era is Fast IT. And it enables more efficient processes, better asset utilization, an increasingly productive employee base, and improved customer experiences.
Fast IT is the way forward for businesses looking to compete and thrive in the rapidly changing IoE economy. Is your organization ready for the transformation?
Here are a few questions to consider as you evaluate your organization’s readiness:
How confident are you in your current network’s ability to propel your business into the future?
What are your top three concerns about your network?
What are the criteria you see as crucial for your organization to adopt a Fast IT model?
How will next-gen networking affect your IT staff, role and influence?
Follow @JosephMBradley to learn more about the Internet of Everything and how companies must embrace Fast IT to fully maximize the value of the Internet of Everything for both themselves and their customers. Join the discussion by simply using hashtags #InnovateThink and #FutureOfIT on Twitter to join the conversation.
Learn more about the role of Fast IT in an Internet of Everything world: