Traffic jams aren’t just stressful—they’re expensive. A recent study by the Centre for Economics and Business Research revealed that in 2013 traffic jams cost the U.S. $124 billion. By 2030, they estimate the annual price of traffic in the U.S. and Europe will soar to $293 billion.
Can we turn this around? I think so. The Last Traffic Jam can happen through the Internet of Everything (IoE) and the increased value that comes from connections between people, process, data, and things. It’s in this highly connected world where we’ll see amazing things happen—including the Last Traffic Jam. Read More »
Tags: connected cars, Internet of Everything, internet of things, IoE, IoT, Joseph Bradley, Last Traffic Jam, Smart Connected Cities, Transportation
Over the last year, I (and many of my colleagues) have spent a lot of time talking about the Internet of Everything (IoE) and how it’s transforming our world. I thought, however, it would be good to pause in this blog and clarify what we mean by the “Internet of Everything” in just a little more detail. I’ve mentioned in the past that IoE consists of four “pillars”: people, process, data and things, but let’s take a closer look.
Many people are familiar with the concept of the Internet of Things (IoT). Not only does it have its own Wikipedia article, but last month the Internet of Things was added to the Oxford dictionary, which defines it as “a proposed development of the Internet in which everyday objects have network connectivity, allowing them to send and receive data.” So it’s not surprising that people might be confused when we start talking about the Internet of Everything. What’s the difference? Is IoE simply a rebranding of IoT?
The fact is, the Internet of Things is just one of four dimensions — people, process, data, and things — we talk about in the Internet of Everything. If we take a closer look at each of these dimensions, and how they work together, we’ll begin to see the transformative value of IoE.
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Tags: Cisco, connected buildings, connected cars, Dave Evans, Internet of Everything, internet of things, IoE, IoT, wearable technology