Last week, I presented at the Colorado Innovation Summit in Denver, Colorado where leaders from higher education, industry, start-ups, government, and research labs came together to discuss a wide array of innovation topics such as technology, education, social entrepreneurship and economic development. The need to transform and revitalize communities around the world to make public services and communications anywhere and on any device more accessible was one of the hot topics.
Photo Credit: Blue House Photography
Today, we are experiencing the largest economic and social shifts in history including an aging population – countries like the U.S., Japan and China are going to see its elderly population over 65 years old more than double before the year 2050. As a result, millions of new jobs will need to be created and productivity needs to be significantly increased to absorb the burgeoning working-age population. We are also observing other shifts: economies are shrinking in Europe, Germany and Russia while economies like Nigeria and Saudi Arabia and Egypt are seeing hyper-growth numbers. In both these economic situations, increasing productivity to increase income and overall living standards is vital. These and other trends we call the Internet of Everything (IoE) highly resonated with attendees as they saw that having the ability to anticipate customer needs and how to solve their problems creates a huge opportunity for global companies.
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Tags: Colorado Innovation Summit, innovation, Internet of Everything, IoE
As Cisco’s executive sponsor for Brazil, I had the honor and privilege to launch our new Rio de Janeiro Center of Innovation on August 22.
I am very excited about the opportunities the Rio Center of Innovation can provide to enable growth – this venture is just one of many investments we are making to develop applications and solutions to foster what we call the Internet of Everything – expected to generate $613B in global profits in 2013, and $14.4 trillion of potential economic “value at stake” over the next decade. The facility will support local companies to develop applications and solutions intended to connect the 99 percent of things that still remain unconnected in the world today.
The Rio Center of Innovation will allow local companies to take advantage of some of the foundational technologies Cisco provides. We will join forces with our partners to create software, solutions and innovation for Brazil. Initially, we will support various sectors, such as: oil and gas; sports and entertainment; healthcare; education; public safety and security; and Smart grid.
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Tags: brazil, innovation, Internet of Everything, IoE
Many of us are turning to social media to not only give us news on our friends, but news of the day.
The birth of a royal baby to Kate and William took Twitter and Facebook by storm… and the British monarchy right into the Internet age. Companies can do the same by tapping into what people are already excited about.
In my latest blog, I talk about how to make your own content timely and interesting. Read the full post here
Tags: royal baby, social media, Social Media Strategy
On Wednesday 14th August, Cisco Australia is partnering with The Snowdome Foundation to hold the Great Shake-Up; an interactive web-based fund-raising event that is streamed live into your own boardroom from 12.30pm – 1.30pm for an hour of education and entertainment.
Cisco and The Snowdome Foundation intend to shake up fund-raising by streaming the event live to over 500 boardrooms across Australia. In fact, the event can be streamed live to anywhere with an Internet connection; it can be viewed on big screens, computers and even tablets. Some people are even planning to hold an event at home and invite friends to watch via their home computer.
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Right now, in 2013, 80 “things” per second are connecting to the internet. Next year that number will reach almost 100 per second, and by 2020, more than 250 things will connect each second.
Add all of these numbers up, and we believe that more than 50 billion things will be connected to the internet by 2020. Today we’re launching the Cisco Internet of Everything (IoE) Connections Counter so that we can watch in real time as everything comes online.
By the way, what are all of these “things”? Mobile devices, parking meters, thermostats, cardiac monitors, tires, roads, cars, supermarket shelves, and yes, even cattle. The list is endless, and it just keeps getting longer and more interesting. Literally, by the second.
Even more exciting is when all of these things are combined with people, process and data via the network to deliver transformational value to the world by improving the way we make decisions, saving us time and money, and so much more. That’s the Internet of Everything, and its value increases every time we connect the unconnected.
So we’re paying close attention. The connections counter will help us keep track of exactly where we are in this journey, starting now and continuing through 2020.
We encourage you to keep track as well. Cisco invites journalists, analysts and other interested parties to check out the IoE Connections Counter and to feature it in your own content.
Let the countdown to 2020 and 50 billion connections begin!
Our methodology: To estimate the number of connected objects during 2013-20 we first estimated the total number of ‘things’ in the world and then determined the proportion of connected things. For 2012, we had estimated the total number of ‘things’ in the world to be 1.5 trillion and the number of connected objects to be 8.7 billion, implying 0.6% penetration rate of connected objects. We expect the number of things to reach 1.8 trillion in 2020, growing 3% annually. Subsequently, we have assumed that connectivity costs will decline by 25% annually during 2013-20. Conservatively, we assume the price-elasticity of demand to be ~1 and consequently expect annual growth in number of things to be 25% CAGR during 2013-20. Based on these assumptions, we estimate that the number of connected objects to reach ~50 billion in 2020 (or 2.7% of the total things in the world).
Tags: Connections Counter, Cool, IoE, Share