This is a three part blog that will explore some of the issues that are still holding back the Internet of Things (IoT), what Cisco is doing to help to solve these issues (via Cisco IOx), and what are some of the real life benefits that can be achieved.
Helping to solve the “Data Tsunami” for the Internet of Things
Big Data is a term being used a lot these dates. A “Data Tsunami” would be a better descriptor. In roughly 2000 years of recorded history humans created 2 Exabytes of data. The pace of data creation has accelerated at an incredible pace in the last few years, we now generate over 2.5 Exabytes of data every day:
Energy utility companies process 1.1 BILLION data points (.5TB) per day Tweet
A large offshore oil field produces 0.75TB of data weekly Tweet
A large refinery generates 1TB of raw data per dayTweet
An airplane will generate 10TB of data for every 30 minutes of flight Tweet
The Internet of Things (IoT) is enabling the proliferation of connected objects, and these objects are creating a data explosion, with data coming from billions of disparate devices, located all around the world. But unless these disparate devices can work together to create meaning, all of this data is relatively useless. Read More »
2014 will be a year that builds on the momentum of mobile, cloud, the Internet of Things (IoT) and the Internet of Everything (IoE). How can your organization realize value from today’s new model for IT?
Here’s my take on the trends we will see over the next twelve months:
Increasing urgency to manage our zettabyte-driven world.
The need for hybrid cloud adoption.
A revolution in software and new IoE platforms.
The rise in thinking about security holistically.
The Internet of Me finally arrives: real personalized, mobile, cloud-based experiences.
The Internet of Everything is happening now.
If you think technology has infiltrated your life, just wait. You can feel the potential for monumental change as we begin to interconnect the physical and virtual worlds.
The Internet of Things (IoT) represents a huge opportunity for the energy industry, one that could allow utilities to fully modernize the way they deliver power to the world. By connecting every aspect of the grid, we are able to create a level of intelligence that can lower costs, secure mission-critical infrastructure and streamline operations. IoT drives the exchange of information across the entire grid environment, and Cisco is focused on making this tangible and seamless for our utility customers.
We’re excited to announce today new solutions in our connected energy portfolio that mark the next phase of our product roadmap. Based on an IoT framework, we are extending utility communications on a single integrated architecture down to the smart meter and controller. New solutions are as follows:
We live in a time of tremendous and challenging technological disruptions. Yet it is also a time when the opportunities for business transformation are equally vast and impactful. This is particularly true for the retail industry.
The wave of change, which Cisco calls the Internet of Everything (IoE), is fast-moving, and retailers will need to adapt quickly or be left behind. After all, this explosion in connectivity — from 10 billion things today to 50 billion in 2020 — will demand a new paradigm: the IoE-Ready Retailer. And it will enable vast improvements in customer experience, employee productivity, and supply-chain efficiency, while allowing retailers to know their customers like never before.
Cisco’s research into this new dimension in connectivity among people, process, data, and things — and the overall Value at Stake over the next 10 years —presents some mind-boggling numbers: $14.4 trillion for the private sector overall and another $4.6 trillion for public sector organizations.
As per Cisco’s estimate, the retail industry will account for 11 percent of the total IoE private sector Value at Stake over the next 10 years — second only to the manufacturing industry. Cisco believes that success for retailers will hinge particularly on their ability to apply technology to improve the “people” and “process” aspects of their businesses, and to be able to offer unique, new connected experiences to the average shopper.
Cisco’s new research, which explores how the average consumer is thinking and adopting these connected experiences, uncovers some startling facts. Consumers now research, compare, and purchase products with one-click ease. The population of ever-connected, digital natives is increasing at unprecedented rates (60%+ year over year). This affords sellers with a wealth of real-time data insights that can help them stock the right products and present them in novel ways.
One of the greatest changes taking place today in the energy industry is the increased need for information from every aspect of the grid. Utilities need detailed data to meet regulatory requirements and to understand the grid’s condition on a granular level. They need to understand the grid’s condition from moment to moment – helping to cost-effectively balance load and assure reliability.
To help realize the opportunities in a connected grid, Cisco has a Unified Field Area Network (FAN) Architecture and Distribution Automation solutions that can extend the utility communications network out to the field and substation device. They help to enable a new level of secure manageability and control on a single integrated architecture. To learn more about these, register for and join:
In this webinar you will learn how Cisco is helping Utilities design and deploy an end-to-end communication infrastructure that creates greater value. Technology experts will be on hand to answer your questions on Cisco FAN Architecture, distribution automation, security and incident response, as well as the future of utilities and IoT!