Cisco Chief Technology and Strategy Officer Padmasree Warrior offers a commentary on the Internet of Everything today on CNBC.com.
She states in part:
“The Economist magazine cover story recently explored whether innovation was dead. Is it possible that after five years of a tough economy with a slow recovery that we’re done when it comes to new ideas? …
… There are indicators now that we’re about to launch into the next era, driven by what people are calling the “Internet of Everything” or IoE. It’s the next stage of Internet growth with the intelligent connection of people, process, data, and things. …
There is a lot at stake here: $14.4 trillion to be exact—just for the private sector. That’s the amount that our research shows could be gained globally in the next decade from the intelligent connections.” …
Read her full commentary here.
Additionally, read Cisco’s white paper on the Internet of Everything…and, our Frequently Asked Questions (FAQ) document.
Tags: $14.4 trillion, cnbc, innovation, Internet of Everything, IoE, padmasree warrior
As a father of future college students, I’m excited that Cisco’s announcement yesterday about the Internet of Everything (IoE) Economy may finally transform college education to provide graduates with the real-world skills needed by businesses today — and tomorrow.
Before I jump too far ahead, let me explain what Cisco announced. Cisco estimates that there are currently about 20 billion things connected to the Internet, yet more than 99 percent of physical “things” remain unconnected. Obviously, there is a huge opportunity to connect the unconnected. IoE aims to do just that by adding people, process, and data to the things that are connected to the Internet, such as devices, sensors, and machines.
To help businesses understand how to benefit from IoE, Cisco IBSG’s Economics Practice calculated the amount of Value at Stake in the IoE Economy. Value at Stake is defined as the value that will either be newly created or will migrate between lagging companies and industries to the leaders over the next 10 years based on their ability to harness IoE. We did this by taking a bottom-up approach of selecting and analyzing 21 industry-specific and cross-industry use cases, including the one I’m discussing here: connected private college education.
From this analysis, the team determined that there is $14.4 trillion of Value at Stake in the Internet of Everything Economy over the next decade. The five main drivers of this Value at Stake are:
1. Lower costs from improved asset utilization ($2.5 trillion)
2. Greater efficiencies from improved employee productivity ($2.5 trillion)
3. Less waste from supply-chain and logistics efficiencies ($2.7 trillion)
4. Greater lifetime customer value from improved customer experiences ($3.7 trillion)
5. Increased return on investment (ROI) and new revenue from faster innovation ($3.0 trillion)
So, how much of this value comes from improved education? Read More »
Tags: $14.4 trillion, Apollo Group, Cisco, college, connecting the unconnected, education, higher education, IBSG, Internet of Everything, IoE, IoE Economy, Kaplan University, private college education, Strayer Education, value at stake