On a typical day, we leave a vast trail of data in our wake. Our browsing histories, online preferences, shopping habits, work decisions, social interactions—all are rendered in binary code, prompting a complex interaction of requests, responses, affirmations, and denials.
And that’s just from our laptops and smartphones.
What about when the Internet of Everything — with its explosion in connectivity from 10 billion “things” today to 50 billion in 2020 — truly shifts into overdrive? At that point, our clothing, our houses, our cars, our lawns, and our refrigerators may be generating ever-larger torrents of data — all about us.
This upsurge in personal Big Data has big implications. Indeed, each person’s emerging digital persona will go a long way toward defining their place in the world. Furthermore, all of that data already has great intrinsic value to Internet giants, retailers, financial services companies, and many others. If we manage it right — in what I see as a burgeoning Marketplace of Me — some of that value may come right back to us.
In his blog post yesterday, Wim Elfrink shared the recent news that the City of Buenos Aires, Argentina and the State University of New York (SUNY) will join The Global STEM Alliance. Since I had someone ask me this week -- “what exactly IS the Global STEM Alliance?”, here are the basics.
Unveiled last month at the Internet of Things (IoT) World Forum in Barcelona, Spain, The Global STEM Alliance is a joint initiative founded by The New York Academy of Sciences (the Academy) and Cisco. This initiative recognizes the importance of working together, in both physical and virtual communities, to bring Internet of Things (IoT)-based curriculum resources, local and remote mentorship, and access to universities to the next generation of entrepreneurs, scientists, and innovators around the world. Read More »
Last month I attended a summit of subject matter experts on securing the Internet of Things (IoT). At first, I thought I had the wrong room, because it seemed that everybody other than me was an architect or engineer working for a device manufacturer, and as a result the conversation was dominated by placing security controls into the devices, themselves. In contrast, I tend to approach the issue from the perspective of protecting the core of the network. But just when I was beginning to think I had wasted an hour-long drive and was going to be bored out of my skull all day, a few of us started debating the issue and the conversation began to evolve. Before long, we had found common ground in the fact that security controls are all about trust relationships -- ‘I trust you, therefore I will allow you to do that’.
Now trust is a funny thing, because by its very nature it can neither be one-sided nor one-dimensional. Instead, it must be built into every aspect of the transaction; a sort of “digital handshake” to ensure all is well before doing business. In other words, each of our pre-conceived perspectives was correct, yet we were all being stubborn and short-sighted! Read More »
The Internet of Things (IoT) technology trend is moving faster forward than anyone anticipated. This was evident at the IoT World Forum held in Barcelona, October 29th through 31st. Thought leaders from around the globe converged to discuss wide ranging topics on the IoT, including: standards development, technology ecosystems, connecting the unconnected, data analytics, and a number of different concept-to-reality, real world implementations of the IoT in action.
[What's the Difference Between IoT and IoE? Two Minutes To Find Out!]
Even though the IoT technology phenomenon is rapidly growing, it’s still new for many of us. What does it mean for my industry? Where do I get started? Who do I turn to for help? Indeed, there are many of us staying up at night asking those questions! Read More »
Futurists have long envisioned a world where fabulous innovations transform our lives in mind-boggling ways. And while some of their ideas may remain far-fetched, the most exciting thing about their future is that so much of it is already here, today (flying cars notwithstanding).
Indeed, we are living in an age of unprecedented technological transformation, one that stands to eclipse even the first Internet boom. This next wave of change is being driven by a massive upsurge in connectivity, from 10 billion connected things today to 50 billion in 2020. The world may seem connected. But only 1 percent of the objects around you are endowed with smart connectivity. That is changing fast. Your car, your refrigerator, your parking space, the bridge you drive over, the shelves at the local retailer, and the supply chain that feeds them — all of these “dark assets” are being “lit up” with smart connectivity, altering our lives in profound ways.
Cisco calls this the Internet of Everything (IoE). We define IoE as the intelligent connection of people, process, data, and things. And, of course, the “people” element is paramount, since the whole point of technology is to create a better life experience for everyone.
At Cisco, we estimate the Value at Stake from this transformation to be $14.4 trillion for the private sector alone over the next 10 years, which represents an opportunity to increase global aggregate corporate profits by about 21 percent.
Cisco’s projections are based on deep research and analysis into potential use cases. But we are not the only ones sensing the potential impact of this game-changing, global transformation.