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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Tags: #FutureOfIT, Future of IT, Internet of Everything, internet of things, InternetofEverything, IoE, IoT, jim grubb, podcast
Each week, we’ll highlight the most important Cisco Partner Ecosystem news and stories, as well as point you to important, Cisco-related partner content you may have missed along the way. Here’s what you might have missed this week:
Off the Top
My friend and colleague Lindy Bartell, was in Orlando Florida this week for the XChange event, Best of Breed (BoB) Conference. She gave us some insight on the first couple of days of the event in her blog this week. Of course at some point she had to make her way home to Oregon, so we’re filling in the rest of BoB coverage in the Weekly Rewind.
As Lindy mentioned, Steve Benvenuto, Senior Director of Cisco Channel Partner Programs, gave a presentation on how partners can enable the Internet of Everything (IoE). Steve also met with Kristen Bent of CRN and talked about forging alliances with Independent Software Vendors (ISV) who are developing apps for specific lines of business, and how those line of business apps, or vertical market apps are critical to winning in IoE.
Kristen’s article, Cisco: ISV Partnerships A Must to Seize Massive Internet of Everything Opportunity, is now available on the BoB site. It is a must read if you are interested in learning more about how partners and ISVs can drive IoE solutions.
J.P. Bernstein presenting at BoB
Finally, HP’s Meg Whitman kicked off the Wednesday with a Q&A session. Lindy, however, was most excited to tell me about hearing JB Bernstein’s story , the final speaker of the event. He’s the author behind the book and movie “Million Dollar Arm.” She said he was incredibly personal, authentic and his story of creativity, resilience, and perseverance is relevant to us all.
It was an informative and exciting week for Lindy in Orlando. Feel free to let me know if there is any additional information you need from this year’s BoB event via the comments section. I’ll be sure Lindy or I get you what you need! Read More »
Tags: #bob14, best of breed, BoB Conference, branch networking, Cisco, InterCloud, Internet of Everything, IoE, partner, Steve Benvenuto, VIP 24, Weekly Rewind
The Internet of Everything (IoE) is not only disrupting traditional business models, it is also disrupting innovation itself.
While the focus at this week’s 2nd annual Internet of Things World Forum (IOTWF) here in Chicago is on capturing the accelerated opportunity of connected things, we believe there is even greater opportunity with the Internet of Everything: the networked connection of people, processes, data AND things. IoE is already transforming business outcomes, but in order to capture the full potential of its $19 trillion economic opportunity we will need to cultivate new skill sets and ways of thinking by both established organizations and 21st century entrepreneurs.
This, in turn, requires new types of collaborations and investment mechanisms among industry, government and academia to incubate innovative ideas and turn them into commercial, scalable solutions for the betterment of society.
I am very proud of one such exemplary collaboration between the Cisco Entrepreneurs in Residence (Cisco EIR) program, led by Mala Anand, SVP of Services Platforms (“Open innovation: Harnessing the ideas, talent and passion of the startup eco-system”), and the Chicago Innovation Exchange (CIE), a startup incubator affiliated with the University of Chicago, Argonne National Laboratory and other leading technology organizations in the greater Chicago area. This partnership, announced last April, aims to support the most promising early-stage startups in the region that are focused on game-changing IoE and Smart Cities solutions by bringing the expertise and resources of Cisco and CIE in a co-incubation environment.
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Tags: chicago innovation center, Cisco, Cisco Entrepreneurs in Residence, ciscoeir, entrepreneurs, entrepreneurship, innovation, Internet of Everything, internet of things, Internet of Things World Forum, IoE, IoT, IoTWF, Mala Anand, startups, Wim Elfrink
At Cisco, as you might imagine, we talk a lot about the Internet of Things, and now about the Internet of Everything (IoE). You can find some great videos and background about IoE here, here and here. As technology continues to transform our world – from how businesses operate to how we connect with each other to how we control features in our homes – the paradigm is shifting. And it’s creating exciting opportunities for companies that are prepared to capitalize on them.
It used to be that technology was itself an outcome – people wanted an application or they wanted a robot programmed to do certain things. It was viewed simply as a tool, and one that was often operated in a siloed business unit within a company. That world, at least for companies who want to stay competitive and maximize potential, is no more.
Technology is no longer just a tool. It’s no longer a means-to-an-end nor is it a strategy that operates in isolation. As our CEO John Chambers recently predicted, “every company is going to be a technology company” (a prediction that you’ll also find echoed in many leading business journals). To respond to consumer demands and consumption models, we all must embrace technology and harness its potential to transform businesses.
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Tags: business outcomes, Cisco, Internet of Everything, network, strategy, technology
The Internet of Things (IoT) is here and driving change in every industry, including the private sector. As companies begin to widely create Internet of Things innovations, businesses are adapting and connecting the unconnected and advancing their business goals. There is approximately $14.4 trillion at stake in the private sector over the next 10 years – and as our panelists today will share, the value realized by introducing their business to the Internet of Things has already been enormous.
In a discussion moderated by Chris, White, Cisco Senior Vice President of Sales for Internet of Everything, our panelists will be sharing how they have deployed Cisco technology to capture the value added by the Internet of Things – and how they are translating that into business outcomes and industry leadership today. Read More »
Tags: Cisco, Internet of Everything, internet of things, IoE, IoT, IoTWF