In the Internet of Everything (IoE) economy, there will be leaders and laggards, winners and losers. And collaboration, video, and mobility technologies will play a crucial role in determining who captures their share of the value at stake, which Cisco projects as a staggering $14.4 trillion. That’s equivalent to a 21 percent increase in corporate profits over the next ten years.
The Internet of Everything (IoE) is already changing our lives in unimaginable ways as everything from clothing, cars, jet engine parts, and roads, to name a few, become “lit up” with data-generating sensors. The resulting explosion in connectivity among people, processes, data, and things —
Cloud has had a deep impact on the fundamental ways in which IT services are consumed. Yet we are only on the cusp of the transformation. Cisco estimates that connections among people, processes, data, and things will surge from “only” 10 billion today to 50 billion by 2020. Cloud’s value as a key delivery system will extend to this emerging Internet of Everything (IoE) economy, connecting people, processes, data, and things. And the cloud readiness of each organization will determine its ability to reap value in an era of sweeping change.
But what is the current state of IT cloud consumption? And how do IT decision makers view the future impact of cloud?
Figure 1. Drivers of IT Change.
Source: Cisco/Intel Cloud Study, 2013
In a wide-ranging study, Cisco® Consulting Services (CCS), in partnership with Intel®, sought to pinpoint just how these powerful trends are impacting IT. The “Impact of Cloud on IT Consumption Models” study surveyed 4,226 IT leaders in 18 industries across nine key economies, developed as well as emerging: Brazil, Canada, China, Germany, India, Mexico, Russia, United Kingdom, and the United States. In each country enterprise and midsized companies were represented. The survey was conducted during March and April 2013.
Ever felt that you’ve spent half your life searching for a parking space? Well, it’s not that much of an exaggeration. One study estimates that typical drivers spend 2,549 hours of their lives in the aimless, money-wasting, and gas-guzzling quest for a place to park.
Now imagine that through technology — connected cars, roads, and, of course, parking spaces — you could substantially reduce all of that wasted time and money.
Unfortunately, business and enterprise are rife with their own versions of wild goose chases for parking spaces: supply-chain deficiencies, checkout bottlenecks, quality-control failings, communication breakdowns, and, yes, clogged parking lots. These are but a few of the drags on productivity, efficiency, and innovation.
The solution for all these problems may be the same: connectivity.
Have you registered for the upcoming Cloudera Sessions roadshow yet? According to IDC Analysts, the market for Big Data will reach $16.9 billion by 2015, with an outrageous 40% CAGR. As the sheer volume of data continues to climb, enterprise customers will need the right software and infrastructure to transform this data into meaningful insights.
Cisco is partnering with Cloudera to offer a comprehensive infrastructure and management solution, based on the Cisco Unified Computing System (UCS), to support our customers big data initiatives. As a proud sponsor for this event, I would encourage you to join us at one of the following scheduled stops to learn more about our joint solutions for big data:
According to a recent Cisco News article the Internet of Everything (IoE) is a multi-trillion dollar opportunity that incorporates data gathering, data processing, data analysis, data visualization, data optimization, data storage and retrieval, etc. Data is being generated at an exponential rate and with the IoE even more data will be generated.
The companies that win in this space are going to be the ones who understand how to synthesize meaningful relationships from the ocean of data (i.e. contextually relevant relationships), how to discern new knowledge, how to act on this knowledge, and how to communicate this new knowledge based on the context of an end-user or a machine.
Big Data technologies will play a pivotal role in the IoE, and therefore provide many opportunities for innovation; those wishing to gain a better understanding of several of the technologies involved in this exciting field are encouraged to watch the following video.