During Elon Musk’s presentation of Tesla Powerwall, a battery system that lets you store energy to power your home, he shared a slide showing a small area of the Texas panhandle – with a small blue square representing the land area necessary to produce enough solar power to meet the entire electric power needs of the United States.
“…very little land is required to get rid of all fossil fuel electricity generation in the United States.” Elon Musk
As you might expect, this generated quite a bit of controversy about whether or not his assertion is even within the realm of possibility.
Does Musk’s claim pass the smell test? Read More »
Tags: Energy, Industrial collaboration, Internet of Everything, internet of things, IoE, IoT, Manufacturing, solar
By 2020, 75% of business will become digital in some way by deploying solutions that leverage the intersection of people, process, data, and things—the very definition of the Internet of Everything (IoE). For example, IoE will drive an improvement of earnings before taxes and interest (EBIT) of 15.6% in retail, 14.5% in financial services, and 12.8% in manufacturing.
Connected Devices and Sensors Everywhere
The rapid adoption of IoE and the Internet of Things (IoT) has driven the number of connected devices into the billions worldwide. Cisco’s own estimate shows there are 25 billion connected devices today, and will be 50 billion by 2020.
While sheer the number of devices grabs the headlines, there is an even more powerful force at work that will add to the tremendous disruption CIOs and senior IT executives are experiencing across all industries. (For more about this disruption, please refer to my blog titled, The Digital Vortex: Relentless, Disruptive, Chaotic — and Empowering.)
The enduring impact of Moore’s Law and Metcalfe’s Law combined with unprecedented innovation is resulting in sensors that are changing the world to become hyper-aware, hyper-predictive, and hyper-agile. Cisco estimates that 54 billion sensors will be shipped this year.
Leading companies are using these new capabilities to do things like monitor and expedite the time it takes prepare planes for boarding, reduce customer wait times by predicting 40 minutes in advance when lines will become too long, increase factory production rates by ensuring workers always have the right tools at hand, and anticipate structural failures to save lives and reduce costs.
New Business Models and Value Creation
In this new environment, three digital business models are pointing the way forward: 1) Frictionless Life, 2) Hyper-Relevance, and 3) Community. Each model delivers a different type of value.
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Tags: analytics, business models, Gartner Symposium, Internet of Everything, internet of things, IoE, IoT, ITxpo, Joseph Bradley, process
The Internet of Everything will have far-reaching effects in a multitude of industries over the next few years. There will be an estimated 50 billion devices and objects connected to the internet by 2020. The movement toward an increasingly connected world is already transforming operations in the retail, finance and healthcare industries. The government is also seeking ways to harness the potential benefits of IoE, and one sector that anticipates gaining significant operational benefits from IoE is defense.
My colleague Cindy DeCarlo gave an excellent overview of how IoE is facilitating the vision of net-centric warfare. Mike Hodge further highlighted this transformation, emphasizing the benefits IoE can bring specifically to new smart and connected bases around the world. Today, I want to dig a little deeper and call attention to one branch of the military that is taking advantage of IoE to operate more efficiently and increase operational success in multiple areas: the Navy.
IoE enables the Navy to use technology to increase automation, improve multi-tasking, reduce workload and enhance effectiveness in four main areas: Read More »
Tags: #internetofeverything, #IoE, cisco government, Connected Bases, connected operations, federal government, IoE, IoT, military, navy, tactical cloud, US Navy
You’ve heard us talk about the move from the Information Age to the digital age and how the rapid change associated with this movement will transform the way business is done at a global scale.
The primary driver for this revolution will be The Internet of Everything (IoE)—the next big phase of the Internet. Poised to generate over $19 trillion in value at stake for businesses and countries over the next decade, IoE encompasses shifts in computing such as big data, cloud, BYOD and mobility, and a new breed of software applications that will increasingly strain enterprise and service provider networks alike.
To become industry disruptors and take full advantage of the Internet of Everything, organizations will need to rethink how they do business. They will need to reimagine the role technology plays in their business and make it a strategic asset.
In my role as President of Cisco Capital, the captive finance business within Cisco, I speak with customers and partners globally of all sizes, across different markets and that have different business needs. In almost every conversation, a common challenge arises – how do they to do more with less and keep pace with technology innovation? It’s a good question, and one that doesn’t have a one-size-fits all answer.
Read More »
Tags: Cisco, cisco capital, financing, Internet of Everything, IoE
This blog is also featured on Huffington Post ImpactX.
As a member of the Clinton Global Initiative (CGI), Cisco is committed to creating and implementing innovative solutions to the world’s most pressing challenges. In partnership with other global leaders, we’re tackling new issues every year, from closing the IT skills gap to creating new economic opportunities for individuals worldwide.
This year, nonprofit leaders, influential CEOs, and diplomats will come together at the CGI Annual Meeting under the theme of “The Future of Impact,” where they’ll collaborate to turn inspiring ideas into real-world results.
Together, CGI members have made more than 3,200 Commitments to Action, which have improved the lives of over 430 million people in more than 180 countries. Through countless public-private partnerships, we are preparing people around the world with the skills, technologies, and resources they’ll need to thrive in a connected world.
Through both our CGI commitments and our own Corporate Social Responsibility (CSR) program, we’ve learned what works to speed the pace of social change in communities worldwide:
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Tags: CGI, Cisco CSR, cisco networking academy, Clinton Global Inititative, corporate social responsibility, Internet of Everything, IoE, IoE for Social Good