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
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
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
As we convene this week in Chicago for the 2nd annual Internet of Things World Forum (IoTWF), about 1,500 industry leaders worldwide are laser focused on capturing the $8 trillion economic opportunity of IoT. We launched the first annual IoTWF in Barcelona one year ago, and the industry has since progressed at breakneck speed.
A Forbes headline two months ago summed up the buzz: “It’s Official: The Internet of Things Takes Over Big Data as the Most Hyped Technology,” following the release of a Gartner Hype Cycle report. This is supported by the fact that media mentions of IoT have tripled since 2013 to more than 45,000 so far this year. Read More »
Tags: Cisco, Internet of Everything, internet of things, IoT, IoTWF, Smart Cities, Steve Koch
This week at the Internet of Things World Forum we are challenging the industry to accelerate the adoption of the Internet of Things (IoT). IoT leverages many ‘off the shelf’ technologies but also has some unique requirements, which must be met. How do we make sure that the right critical information is being processed while conserving bandwidth and having a resilient network? Here at Cisco, “fog computing” is a clear technology vision, with the means to provide greater visibility and control- having the network and applications process the critical data in concert with the cloud. With today’s announcement at IoT World Forum, Cisco continues to deliver on its vision for fog computing with an increase in the number of platforms supporting Cisco IOx and the addition of application management capabilities.
Earlier this year we announced the availability of Cisco IOx, as part of the Cisco Fog portfolio of technologies. Cisco IOx allows customers and solution providers across all industries to develop, manage and run software applications directly on Cisco industrial networked-devices, including hardened routers, switches, and other devices. We have seen tremendous market traction of Cisco IOx in the last few months along with the accelerating IoT market growth. As IoT transitions from early adoption to wide deployment, Cisco IOx is enabling solutions providers across many industries to create innovative software solutions. Today’s announcement of the second phase of the IOx platform builds on the continuing momentum of Cisco’s vision for Fog computing. Read More »
Tags: Fog, internet of things, IoT, IoTWF, IOx