Cisco predicts $14.4 trillion for 'Internet of everything' over next decade | TigerDroppings.com

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Zilla
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Friendswood, TX
Member since Jul 2005
9927 posts

Cisco predicts $14.4 trillion for 'Internet of everything' over next decade


quote:

The so-called "Internet of everything," the rapidly approaching world where objects from refrigerators to factory robots can talk to people and other machines, will create a massive business opportunity worth $14.4 trillion over the next decade, according to a new study from Cisco Systems.

The Internet of everything, a phrase coined by Cisco to describe the networking of people, processes, data and objects, will encompass multiple industries, enabling customized online education, smart factories, and the smart energy grid, Cisco officials said. Over the next decade, that connection of new objects and people to the Internet puts $14.4 trillion at stake, with the opportunity including new profits and cost savings, the company predicted in the white paper, released late Monday.

More than 99 percent of physical objects are not now connected to the Internet, but Cisco expects 50 billion objects to be connected by 2020, officials said. New objects and people coming online creates a big investment incentive for companies, said Cisco Chief Marketing Officer Blair Christie.


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This post was edited on 2/20 at 8:58 am



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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
18518 posts

re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade


Skynet approaches





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OceanMan
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Member since Mar 2010
3363 posts

re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade


quote:

More than 99 percent of physical objects are not now connected to the Internet, but Cisco expects 50 billion objects to be connected by 2020, officials said


What an incredibly vague statement.






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Powerman
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Corpus Christi, TX
Member since Jan 2004
120423 posts

re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade


It's not incredibly bold however

Eventually simple things like light fixtures in your home will be connected via bluetooth

The technology is already there. It just isn't commonplace yet.






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schexyoung
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Deaf Valley
Member since May 2008
3708 posts

re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade


quote:

More than 99 percent of physical objects are not now connected to the Internet


What?

What does Cisco define as a physical object?






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Bayou Tiger
LSU Fan
The Woodlands, TX
Member since Nov 2003
3238 posts

re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade


quote:

What does Cisco define as a physical object?
Good question. Just at a quick glance 99% of the physical objects in this room are not connected, including pencils, my shoes, and a muffaletta.






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RickAstley
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Reno, Nevada
Member since May 2011
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re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade


It is going to be awesome when I am eating a delicious steak and a hacker places a virus on my my internet connected plate that enables it to start showing youtube videos of people throwing up each time I eat off of it.


This post was edited on 2/20 at 11:26 am


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gizmoflak
Georgetown Fan
Member since May 2007
8980 posts

re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade


I'm mildly surprised auto-tweeting condoms aren't here yet





Mildly






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BayouNation
New Orleans Saints Fan
Member since Sep 2008
236 posts

re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade


Ipv6





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