If there was a developing market opportunity that would bring you $19 trillion (with a “T”), you’d probably be interested, wouldn’t you. If that market’s impact on the world--not just the technology sphere--was going to have 5-10 times the impact ten years from now as it has been since the internet’s inception, you’d want to keep an eye on it.
Well, that’s the Internet of Everything for you.
John Chambers, CEO and Chairman of Cisco, gave a keynote at the Consumer Electronics Show in Las Vegas this week. This shouldn’t surprise anyone, nor should Cisco’s very close orbit around the core of the Internet of Everything (IoE) technology base.
What might surprise people would be some of the numbers Chambers threw around.
* Increasing retail revenue by $1.5 trillion with smart shopping carts and in-store integration--something it’s harder to do in online marketing, and something that could lead to a stronger in-store customer experience, thwarting the “showrooming” trend that is scaring bricks-and-mortar stores these days.
* Cutting nearly three-quarters of municipal electric bills (or nearly a third of government budgets) by using smart street lighting. * Decreasing traffic congestion by one third while improving revenues in a $41 billion niche with smart parking and traffic monitoring.
* The IoE could generate $4.6 trillion in value for the public sector by 2022.
* An estimated $19 trillion impact of the Internet of Everything in the public and private sector.
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Tags: #ciscochampion, #IoE, CES, CES 2014, IoE Value at Stake, JIT, john chambers, public sector
Last week there were some people in the world who had to get their “stuff” in order, and there was no TIME to waste. I imagine for some the daunting task of contacting relatives and friends of years gone by, completing the last items on their bucket list, selling the house of 27 years, and putting out the last meal for Sparky was not a trivial task. Why the state of urgency? Well, for those of you not aware a man by the name of Harold Camping, Christian radio host, predicted the end of the world would occur on May 21, 2011 at 6 p.m. As a result, followers had to exhibit keen organizational skills, and the ability to synchronize and collaborate with various organizations, entities and persons. They had to accomplish things in REAL TIME, in order to be “Ready.”
Well the rapture did not come, but it did prompt me to ponder the questions, “Who’s keeping the ‘Real Time?” and “What’s the ramifications as a result of capturing events in real time, if any?
The term “real time” is the new paradigm of the 21st century. Nations all over the world today are looking for ways to not only access and capture real time data and events, but leverage the information to build advance economies and increase value for its citizens. Every industry and field uses the term to identify opportunities for efficiencies and value. For example, the financial industry provides us with ‘real time’ quotes, the news media supplies us with up to the minute ‘real time’ news, traffic and weather, and our government provides us with real time polling information. The industry that has been most effected by this real time paradigm is manufacturing. (Please Read More) Read More »
Tags: automation, Borderless Networks, Cisco, Industrial Automation, Industrial Intelligence, industrial networking, JIT, Manufacturing, mobility, Real Time, Real Time Processing, Value Chain