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Sunday, 23 June 2013

What's the 'Internet of Everything' worth? $613 billion , Cisco reckons

In 2013, Cisco calculates that companies could produce $613 billion of mostly incremental profit by harnessing the growing networked world of people and things.

CNET

Cisco Systems wants its customers to know that there is a huge amount of money to be made if they focus their strategy and IT budget on what the company and others call the Internet of Everything.

That's the idea that more than half of the people and 99 percent of the things on the planet are unconnected and that by connecting them and riding the wave of industry transformations, such as smart factories, digital health, mobile collaboration, virtual assistants, and connected commercial vehicles, giant profits will follow.

In other words, the companies that invest in the "connections economy" and harness the network effects of the Internet of Everything -- which is people, process, data and things -- will reap more of the profits.


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