It’s no small task explaining the vast possibilities the Internet of Everything can offer, but here’s a sneak peek of the key points including:
Understanding the Internet of Everything. Despite all that is connected to the Internet, more than 99% of the world is still unconnected. As IoE works to connect people, process, data, and things that were previously unconnected, networked connections will become more relevant and more valuable than ever before, especially as we connect in new ways.
The Tremendous Value at Stake. Cisco predicts that $14.4 trillion of value will be “at stake” over the next decade. That’s the combination of increased revenues and lower costs that is created or will migrate among private-sector companies and industries over the next 10 years. IoE has the potential to grow global corporate profits by an estimated 21% by 2022.
Examples of Real-World Innovation. IoE is changing our lives in fields such as education, healthcare, and Smart+Connected Communities. Imagine how networked connections can bring together employees, teachers, students and more to increase productivity and efficiency. We are just cracking the surface of what’s possible.
Technology Implications and Solutions for the IoE Economy. The network is the only connection point that touches everything (people, process, data and things) and must provide an intelligent, manageable, secure infrastructure that can scale to support billions of context-aware devices.
If you are attending the Gartner Symposium/ITxpo 2013, join me on October 7 as I demo real-world scenarios and offer steps today’s IT leaders can start taking now to capture the IoE Value at Stake. I look forward to seeing you there.
Presentation Title: Networked Connections Drive Business Innovation: The Internet of Everything
Date and Time: Monday, October 7, 2013, 3:45-4:30 p.m. ET
“Growing up is never easy. You hold onto things that were. You wonder what’s to come. But that night, I think we knew it was time to let go of what had been, and look ahead to what would be. Other days. New days. Days to come.” - The Wonder Years
I’ve always liked this quote from one of the best TV shows of all time. And in an age where things are constantly changing, it’s never been more relevant. Today’s grandparents and parents spent their childhood in a world without sensors, smart phones and network capable devices at their fingertips. Our children, however, are growing up in a drastically new world. A world where everything is instant, where networked devices are part of their everyday lives and technology is in everything they do. This world enables unlimited potential and unlimited connections that can impact a child’s life for the better. So how will the Internet of Everything (IoE) prepare children for the smart people network they will live, learn, work and play in?
For that last few years, Cisco has been watching the impact of the Internet on transforming the retail industry. As more people, processes and things are connecting to the Internet, retailers can capture more data to better predict when and where consumers will want to buy and capture more revenues.
Today, Cisco released Internet of Everything research that equates to $81 billion globally in 2013. But this represents only 45% of the opportunity that could be gained by the Internet of Everything. Retailers could have realized an additional $99 billion this year if they were more connected across their operations. The good news is that retail IT executives are confident that can capture this value. On average, retail IT executives rated their ability to capture Internet of Everything at 7.2, on a scale of 1 to 10.
For as long as I remember, robots have always been cool. Perhaps it’s my passion for all things futuristic, but I don’t think I am alone in saying robots have provided a glimpse of what could be possible. Looking at today’s Internet of Everything (IoE) world, robots have advanced from the 1950s tin wind-up toy robots and the affable C-3P0 and R2-D2 from George Lucas’s Star Wars, to emerging technology that has the potential to improve our lives and increase shared connections.
Today’s “Ask the Futurist” question is focused on how robotic technology and its supporting networks will evolve over time. Here’s the question from William Maguire, a wireless engineer.
Question: “How do you think mesh networking will affect robotics in the next 20 years?”
Positive Train Control (PTC) is one of many new safety measures mandated by the U.S. Federal Government to help prevent train-to-train collisions, derailments and other human-caused accidents. If warnings to slow down or to stop a train go unnoticed by an engineer, the locomotive’s onboard computer will automatically apply the brakes after a certain amount of time, with the intention to prevent a collision and potentially save lives.
Earlier this year in April, Cisco and Lilee Systems announced plans for the industry’s first end-to-end communications network for PTC with a proof-of-concept network, located in the San Francisco Bay area, to verify communications architecture. Today, this vision has become a reality that is ready for the market with Cisco Positive Train Control (PTC) 1.0.