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Five Important Insights into the Internet of Everything

Mobility has changed our lives. Smartphones, tablets and laptops connect us at the touch of a button, no matter whom we’re with or where we are. In 2008, there were more smart, connected devices in existence than people on Earth. By 2020, there will be 50 billion of these devices – about six per person.

We’re moving rapidly into a hyper-connected world, where our devices relate not only with the cloud, but also with each other and the world around them. Here are five important insights into this new, engaged reality, as more objects and devices become linked to the Internet of Everything (IoE):

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IoE and JiT: making the future more efficient through connectivity

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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Public Sectors Worldwide Capture Value from the Internet of Everything

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.

Why Now?

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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2014 is here… Starring: Internet of Everything

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.

VAS graphicWhile 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 »

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CES is Ground Zero for the Internet of Everything

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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