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Summary: Three Ways IoT is Impacting the #InternetOfEverything

As a key enabling technology to the Internet of Everything (IoE), the Internet of Things (IoT), is connecting new places and objects. Manufacturing room floors, energy grids and wearable devices are just a few examples of the millions of objects coming online at an unprecedented pace.

These “things” are creating vast and increasing amounts of data and sharing it over the Internet – largely via machine-to-machine connections. It is one of many important technology transitions taking place today that is making the Internet of Everything a reality.

Recently, I had the chance to participate in a new Future of IT podcast episode with Steve Hilton, co-founder and Managing Director at MachNation. We discussed how today’s IoT solutions are impacting the evolution of the Internet of Everything and ultimately, business outcomes. You can listen to the entire podcast recording via iTunes.

Here’s a look at three ways the Internet of Things is impacting the Internet of Everything and what it means for your organization:

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Three Ways IoT is Impacting the #InternetOfEverything

As a key enabling technology to the Internet of Everything (IoE), the Internet of Things (IoT), is connecting new places and objects. Manufacturing room floors, energy grids and wearable devices are just a few examples of the millions of objects coming online at an unprecedented pace.

These “things” are creating vast and increasing amounts of data and sharing it over the Internet – largely via machine-to-machine connections. It is one of many important technology transitions taking place today that is making the Internet of Everything a reality.

The result is “driving market attention to the business opportunities afforded by connecting physical objects to the Internet,” according to a recent MachNation whitepaper. In fact, MachNation expects IoT to be over more than a $4 trillion industry by 2024!

So, how can today’s proliferation of connected devices and sensors bring organizations closer to capturing a share of the $19 trillion in IoE value at stake over the next decade?

Recently, I had the chance to participate in a new Future of IT podcast episode with Steve Hilton, co-founder and Managing Director at MachNation. We discussed how today’s IoT solutions are impacting the evolution of the Internet of Everything and ultimately, business outcomes. You can listen to the entire podcast recording via iTunes.

Here’s a closer look at three ways the Internet of Things is impacting the Internet of Everything and what it means for your organization:

#1: The Internet of Things is part of the Internet of Everything.

It’s crucial to understand that the Internet of Everything is the coming together of the Internet of Things, mobility, cloud, big data and analytics, and social.

The Internet of Everything gives people, businesses, communities, and countries the resources they need to collect and access data and turn it into valuable insight.

For example, there is an application that I’ve been using for my GPS watch that includes sensors you wear on your body. In real-time, I can upload the data collected to the cloud and I can review where I’ve been and what I’ve been doing.

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Fast IT Top Insights Part 2: Accelerating Innovation through Analytics, Security, and Savings

In our previous blog, we began our exploration of how Fast IT will transform the role of the IT organization — enabling it to drive innovation in unprecedented ways for the business. And to do so amid the rapid disruption of the Internet of Everything (IoE) economy.

Specifically, we examined the role of Fast IT in simplifying complex, cumbersome infrastructure. And how this added agility will open the door to faster provisioning of enterprise apps; a new dimension in value derived from cloud; and a true place for IT as a service orchestrator and trusted partner for the business.

But Fast IT transformation extends further still, enabling expansive and dynamic new capabilities through analytics and security; driving the cultural change that must accompany infrastructure change; and liberating the IT organization through dividends in cost and time savings.

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IoE is the Path to Gartner’s ‘All Things Digital’

This week, I had the opportunity to focus on digital business as an attendee and presenter at Gartner’s ITxpo in Orlando, Fla. It was a sold out crowd with 8,500 attendees and approximately 2,700 CIOs. And one insight that seemed to resonate with the audience was Gartner’s belief that by 2018, digital business will require 50 percent fewer business process workers and 500 percent more key digital business jobs.

At the ITxpo discussing how the Internet of Everything helps enable all things digital

At the ITxpo discussing how the Internet of Everything enables the transition to Gartner’s  All Things Digital

We already live in a world that is rapidly connecting people, process, data, and things in ways that were unimaginable just a few years ago. I believe that IoE is a key driver of this transition and a fundamental stepping stone to making “All Things Digital.”

Gartner defines All Things Digital as “blurring the physical and digital worlds to create new business designs.” Interestingly, Gartner focuses on people, business, and things, but omits process. Gartner’s view is that process will happen dynamically and be measured in not months or weeks, but nanoseconds. While this is a true statement, it reflects the end goal. The key question is, how does an enterprise become digitally enabled?

A first step in transitioning to All Things Digital, is embracing IoE by lighting up “dark assets.” A dark asset is something that is currently not connected to the Internet. A dark asset in itself however, does not create value.  ln All Things Digital, connected devices begin to talk with other connected devices. These devices interact with one another dynamically, which in turn creates processes in just nanoseconds. In this environment, IoE allows you to understand what process to focus on and which assets to connect. In other words, IoE is the pathway to Gartner’s All Things Digital.  The overarching goal is business outcomes. One retail example is connecting a parking lot to a retail store. In a recent trial, we found that data from parking lot sensors, when analyzed correctly, can predict when checkouts will get busy, so that more cashiers can be deployed. There are many other dark assets in a retail environment that have the potential to increase revenue, lower costs, and grow margins once they are lit up.

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Fast IT Top Insights Part 1: IT Transformation and Innovation

In the Internet of Everything (IoE) era, CIOs face a maze of challenges — along with a wealth of opportunities.

But for the IT organization to fully realize those opportunities — and become a source of organizational agility and a true partner for innovation in the business — a wholly new IT operating model is required. We call that model Fast IT.

Fast IT is the IT operating model for the IoE era. It is what the CIO needs to do to drive true business transformation.

 

To better understand the current state of IT — and the opportunity for IT transformation amid a dynamic time of change — Cisco undertook a comprehensive global survey and research study.

We surveyed more than 1,400 senior IT leaders in Brazil, Germany, India, the United Kingdom, and the United States. We interviewed leading industry analysts, authors, academics, IT executives, and IT practitioners. And finally, we compared this data with conclusions from numerous customer engagements.

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