“Everywhere we go in the world, the things that we come across aren’t intelligent. Like this wall that I’m looking at, it’s just separating the room from the other side. In actuality, that wall should be intelligent.”
He goes on to say, “The next 10 years [will be] nuts.” I couldn’t agree more.
Cisco defines IoE as bringing together people, process, data, and things to make networked connections more relevant and valuable than ever before—turning information into actions that create new capabilities, richer experiences, and unprecedented economic opportunity for businesses, individuals, and countries.
To help more people “get it,” I thought it would be useful to provide more detail about each of the components—people, process, data, and things—that make up IoE. Read More »
As we begin the Internet of Everything (IoE) era, more attention is being focused on Metcalfe’s law—a.k.a., the “network effect”—to see if the same rules will apply. Metcalfe’s law states that the value of a network increases proportionately to the square of the number of users. Simply put, networks become exponentially more valuable as the number of users increases.
Recently, Nir Eyal and Sangeet Paul Choudary wrote in TechCrunch about the fading power of the network effect. In their view, it is “stored value” (creative content, reputation, usage data, and influence) produced by users that reinforces the power of the network effect, enabling businesses to retain customers and grow market share.