During my recent trip in Dubai, I had the pleasure of experiencing both the personal and climactic warmth of this extremely modern smart city. Known for building the world’s tallest structure, the Burj Khalifa, Dubai also has emerged as a global business, financial and transportation hub in the Persian Gulf leveraging advanced networked technologies. The pace of accelerated transformation here never ceases to amaze me.
Dubai and the country of the United Arab Emirates (UAE) continue to set ambitious goals and then achieve them. Dubai has among the most efficient and busiest airports, longest metro transit systems, advanced road-tolls and highly digitized, smart government services underpinned by advanced broadband and mobile networks.
After meeting with local government and business leaders, I am not surprised about these rapid achievements. Public and private sector leaders here exude energy, enthusiasm and hospitality – and they know how to be decisive with timelines!
I am very excited that while here we were able to confirm with local officials the dates and venue for next year’s Internet of Things World Forum (IoTWF) in Dubai. We will be announcing that information soon. Bringing together IoT and Internet of Everything (IoE) industry leaders IoTWF is the ideal setting for thought leadership around the most significant advance in the history of technology – the connection of people, processes, data and things.
Business, government and other thought leaders I talked with in Dubai all recognized the value that can be captured from connecting the unconnected. Cisco Consulting Services calculates that the UAE can realize $53 billion of economic value over the next decade, and Dubai about $5 billion in the next five years by leveraging IoE-based solutions that digitize everything from buildings and transportation to energy and outdoor lighting.
We are very excited to be joining Dubai and the UAE on this journey of rapid growth and transformation.
This recent trip also extended into Saudi Arabia where leaders also are embracing the Inernet of Everything. For more, please click here.
Tags: Dubai, Internet of Things (IoT), InternetofEverything, Smart Connected Cities, Wim Elfrink
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.
Last week, I revisited Saudi Arabia for the 16th time in five years and saw first-hand its progress in developing Smart Cities, or what we at Cisco call, Smart + Connected Communities. I had the honor of participating in the Cityquest KAEC Forum, jointly organized by the King Abdullah Economic City (KAEC) and New Cities Foundation, which assembled global thought leaders in some of the most advanced Smart City projects.
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.
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Tags: Internet of Things (IoT), InternetofEverything, kaec, new cities foundation, Smart City, Wim Elfrink
Ten large oil refineries produce about 10 terabytes of data each day, which equates to the entire printed collection of the U.S. Library of Congress.
One modernized city the size of Singapore can generate about 2.5 petabytes of data every day, which translates to all U.S. academic research libraries combined.
And with more than 14 billion, data-transmitting devices connected to the Internet today, growing to 50 billion by 2020, it is little wonder that most of us are overwhelmed by this mind-boggling explosion of data.
Turning this flood of raw data into useful information and even wisdom for better business decisions and quality of life experiences is what the Internet of Everything (IoE) is all about. This is a daunting task. According to IDC Research, just .5% of all data is used or analyzed, and online data volumes are doubling every two years from a combination of mobile devices, videos, sensors, M2M, social media, applications and much more.
Connected Analytics Portfolio
Last Thursday, however, Cisco unveiled our Connected Analytics portfolio for the Internet of Everything, a unique approach that includes software packages to bring analytics to the data, regardless of its location or whether it is in motion or at rest. This new generation of analytics tools for IoE can convert more and more data into valuable intelligence — from the inter cloud, to the data center to the network’s edge.
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Tags: analytics, Big Data, Cisco, Fog, Internet of Everything, internet of things, IoE, IoT, Process Improvement, Wim Elfrink
After a whirlwind week in Tokyo, it’s clear that Japan – the world’s third largest economy — is embracing the potential economic value of the Internet of Everything (IoE). For Japan, we estimate an IoE opportunity of $870 million over the next decade (out of a global economic value of $19 trillion).
With its proud history of industry, technology and innovation leadership, Japan is an ideal location for Cisco’s 7th IoE Center of Innovation — a $20million investment for Cisco — which opened last Thursday with nine Japan-based ecosystem partners. The excitement is high around our open lab’s charter to bring together customers, industry partners, startups, accelerators, government agencies and research communities to collaborate on next-generation technology. Photos of the center’s opening are here.
In Tokyo, we will be working with partners to develop Fog Computing solutions focused on Manufacturing, Sports and Entertainment and Public Sector. These Fog solutions extend cloud storage, computing and services to the edge of the network, a critical element of realizing value from IoE.
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Tags: Cisco, Cisco IoE Center of Innovation, Fog computing, innovation, Internet of Everything, internet of things, rob lloyd, Wim Elfrink
I introduced Cisco Entrepreneurs in Residence (Cisco EIR) earlier this year as a cornerstone in our strategy of embracing open innovation at Cisco. I also shared how we were extending Cisco EIR and open innovation across the US through local incubation partners, and I announced the launch of Cisco EIR in Europe. Now I would like to share updates on the great progress we are making with Cisco EIR as a catalyst of open innovation at Cisco.
Startups Selected to Join Cisco EIR in Europe
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.
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Tags: analytics, Big Data, chicago, Cisco, Cisco Entrepreneurs in Residence, ciscoeir, entrepreneurs, entrepreneurship, Fresno, Hilton Romanski, innovation, Internet of Everything, internet of things, IoE, IoT, Mala Anand, pioneers, Pioneers14, San Diego, Smart Cities, Smart City, startups, Vienna, Wim Elfrink