The Kingdom of Saudi Arabia (KSA), the largest economy in the Middle East, is universally recognized as the world’s largest producer and exporter of petroleum. In recent years, however, it has emerged as a visionary leader in leveraging networked technology, especially in developing a number of Smart City projects to attract business while controlling sprawl and congestion.
Cisco Consulting Services estimates that KSA alone can gain about $84 billion of total economic value from the Internet of Everything, which is the connection of people, processes, data and things. Nearly $16 billion of this is in the public sector, with profitability, cost savings and enhanced experiences coming from urban services such as smart street lighting, smart traffic management, mobile collaboration, chronic disease control, connected learning and healthcare, to name a few.
Globally, Cisco sees a total $19 trillion opportunity for both the public and private sectors.
I had the pleasure of participating in an enthusiastic panel discussion on local and global urban innovations made possible by “Connecting Through Technology,” moderated by Andrew Sewer, journalist and former managing editor of Fortune Magazine.
As reported in The Arab News, Abdullatif A. Al-Othman, governor of the Saudi Arabian General Investment Authority (SAGIA), kicked off the conference by emphasizing that public sector investments to diversify the economy are “… the most promising and significant in terms of job creation, technology transfer and exports development,” pointing to KAEC as a prime example.
We are fortunate today to watch the dawn of the Digital Experience era as the world becomes digitally more and more connected.
Consider that there are already 3 billion of us connected to the Internet. Imagine what the next 4 billion can help us do as they connect.
Even greater change could result as the everyday “things” around us – bus stops, parking spaces, and street lights – get connected. I’ve seen predictions that 20, 50, even over 200 billion more things will be connected in the next couple years. Just think of the tremendous possibilities that could result from that amount of connectivity and collaboration happening around this planet.
What’s rapidly unfolding before us is the Internet of Everything – the intelligent connection of people, process, data, and things. Studies show that the Internet of Everything can drive $19 trillion worth of economic benefit for this planet. To put that into perspective, that’s almost as large as the U.S. and China economies combined. What is your country’s, community’s, or business’ portion of that?
But what fuels my optimism are the social, cultural, and environmental benefits waiting on the horizon — if we accelerate and if we change. With more efficiency and less waste, we human beings can benefit, as can our planet.
Last week we were excited to announce the six startups that will be joining our Cisco EIR program in Europe at the Pioneers Festival in Vienna. The six winners – innovating in the areas of Smart Cities, Internet of Everything (IoE)/cloud and Big Data/analytics – were chosen through a rigorous multiphase selection process conducted in collaboration with Pioneers. More than 350 applicants from 39 countries applied to join Cisco EIR Europe, with 15 finalists pitching live at the Pioneers Festival in front of Cisco experts and our European partners. Winners were selected based on the viability of their business plans, the strength of their teams and their alignment with Cisco’s IoE vision and strategy.
We were impressed beyond our expectations by the vision, passion, talent and technology of all 15 finalists. These startups made us more excited and convinced than ever that Europe was the right platform to discover and nurture the next generation of disruptive ideas for our industry and for Cisco.
The inter-connection among society, the economy and environment, enabled by Internet of Everything (IoE) technology, was a central theme at the recent M-Smart City Summit hosted by the City of Hamburg.
It is no coincidence that the Summit was incubated here and its public and private sector leaders advanced the overall theme of connecting the
unconnected. Collectively, Hamburg’s leadership is driving a visionary strategy to digitize the entire metropolitan region, virtually connecting government, port, business, citizenry, healthcare, academia, public safety and other key organizations.
After just a few years, historic Hamburg has burst into the 21st century as not only a modernized Smart City, but also as a Smart + Connected Community, or, as some call it, a futuristic Seatropolis, anchored by the economic powerhouse of Hamburg‘s port operations.
Essential Application Centric Infrastructure
Today, we are thrilled to release a new video starring Hamburg. In “Internet of Everything Transforms Hamburg into a Smart City,” we showcase how leaders started with an ICT master plan to incorporate a single platform for collaboration, that leverages essential Application Centric Infrastructure. This integrated network stretches across departments and organizations throughout the urban landscape, seamlessly connecting people, processes data and things — a single digital overlay to existing physical infrastructure.
Smart Cities and the Internet of Everything have become commonly used terms over the past year or two. Both represent huge opportunities for both business growth and also for the delivery of better services and experiences for consumers and citizens alike. The size of this IoE opportunity has been widely predicted to exceed $14 Trillion and within this just the Smart Cities component has been estimated to be worth $1,266 Billion by 2019. With this scale it is little wonder that it attracts a lot of interest and therefore a lot of very interesting innovation.
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before. Smart and Connected Cities takes this and applies it in an urban environment to create new capabilities , richer experiences and unprecedented economic opportunity for businesses, individuals and countries.
While the Internet of Everything is about a connected grid of people, processes, data and things, what touches most of us is the ‘connecting people’ part of this equation.Within the greater IoE world, the Foundation for Delivering Next-Generation Citizen Services is how organizations and municipalities find innovative mechanisms to engage with us all. Read More »