If there was a developing market opportunity that would bring you $19 trillion (with a “T”), you’d probably be interested, wouldn’t you. If that market’s impact on the world--not just the technology sphere--was going to have 5-10 times the impact ten years from now as it has been since the internet’s inception, you’d want to keep an eye on it.
Well, that’s the Internet of Everything for you.
John Chambers, CEO and Chairman of Cisco, gave a keynote at the Consumer Electronics Show in Las Vegas this week. This shouldn’t surprise anyone, nor should Cisco’s very close orbit around the core of the Internet of Everything (IoE) technology base.
What might surprise people would be some of the numbers Chambers threw around.
* Increasing retail revenue by $1.5 trillion with smart shopping carts and in-store integration--something it’s harder to do in online marketing, and something that could lead to a stronger in-store customer experience, thwarting the “showrooming” trend that is scaring bricks-and-mortar stores these days.
* Cutting nearly three-quarters of municipal electric bills (or nearly a third of government budgets) by using smart street lighting. * Decreasing traffic congestion by one third while improving revenues in a $41 billion niche with smart parking and traffic monitoring.
* The IoE could generate $4.6 trillion in value for the public sector by 2022.
* An estimated $19 trillion impact of the Internet of Everything in the public and private sector.
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Tags: #ciscochampion, #IoE, CES, CES 2014, IoE Value at Stake, JIT, john chambers, public sector
Today, Cisco announced that Public Sector entities worldwide could realize some US $4.6 trillion in value by embracing the Internet of Everything (IoE). The Value at Stake calculation comes from a bottoms-up analysis of 40 case studies of Smart city, state and country solutions proven to enhance everything from healthcare and education to traffic flow, parking, lighting, crime reduction, waste and water management.
With IoE, the possibilities to connect people, processes, data and things via common networks and killer apps seem infinite. The release of our study, “Internet of Everything: A $4.6 Trillion Public-Sector Opportunity,” coinciding with the Consumer Electronics Show (CES), spotlights many Public Sector opportunities over the next decade.
Here, I want to elaborate on two vital questions a lot of people asked me at CES: First, why now? Second, what are the opportunities internationally?
Why now? Since the dawn of the Internet, a complementary ecosystem of sensors, actuators, killer apps, mobility, computing power and Big Data analytics has continued to mature around the network. In just the past few years, as usage has grown, the costs of these networked technologies and solutions have come down rather dramatically.
As a result, it now makes sense not only for private enterprises but also for Public Sector organizations to reap benefits that outweigh the costs of building networked infrastructures. After years of visionary talk, it’s now possible for the Public Sector to improve IoE-based services for citizens and consumers, in effect, with flat budgets.
Reduced costs, increased revenue, better employee productivity (there are 350 million Public Sector workers globally) and enhanced citizen experiences all combine to more than make up for the costs of implementation, which also can be defrayed through public-private participation.
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Tags: CES, Iinternet of Tthings, Internet of Everything, IoE
The Internet of Everything (IoE) is touted as the next big thing in technology. Tech pundits, Silicon Valley executives, entrepreneurs, and government officials predict that IoE will be a “multi-trillion dollar business,” which has the potential to transform our physical world.
While some are waiting for this revolution, we recognize that the winds of change are already here. IoE is creating unprecedented opportunities for organizations, individuals, communities, and entire countries to realize significant value from the increased connectedness. At Cisco’s IoE Value at Stake Roundtable today, expert panelists discussed the ways in which IoE can specifically benefit the public sector. Based on a Cisco study, we estimate that the IoE offers $4.6 trillion in value to the public sector through reduced costs, increased productivity, improved citizen experience and new sources of revenue. Read More »
Tags: CES, CES2014, CiscoCES, IoE, value at stake, whyIoE
As the ultimate marketplace for consumer technology, the International CES® brings together thousands of innovators each January in Las Vegas to present designs and ideas for the devices that connect, inform and entertain consumers. CES has always showcased the next frontier of our digital world, from early video game consoles to the very first digital televisions. At CES, we have experienced the evolution of computing and the introduction of thousands of digital devices that have reshaped our daily lives.
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Tags: CES, CES 2014, Internet of Everything, internet of things, IoE, IoT
I am just back from attending the 2013 Consumer Electronics show in Las Vegas where I was meeting with customers and visiting the massive show floor. CES is an intriguing blend of extremes and contrasts: biggest and the smallest; connected and unconnected; wired and wireless; high tech – low tech. As personal and business technologies converge through the “consumerization of technology,” CES provides an exciting window into the current and future world of technology.
The following are my personal observations and extrapolations from the show based on my conversations with customers, colleagues and walking the floor.
- New Next Generation TV Again – You could be mistaken for thinking that CES is really the TV show. Televisions are everywhere and every company seems to produce one. Manufacturers are still selling 3D television, but it has taken a back seat to the next big thing -- bigger and thinner new OLED sets and specular ultra-high definition screens.
- Connected Home – CE companies continue to try to connect all of our home devices. But now appliances are getting in on the act. There were lots of examples of connected refrigerators and washing machines. Now you can even control how your clothes are washed from the comfort of your couch with your smartphone or even on your TV.
- Content Sharing and Mirroring – At last, Read More »
Tags: CES, Cisco, consumer electronics, devices, digital, future, IBSG, mobile, Service Provider, television