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Zilla 
LSU Fan
Friendswood, TX
Member since Jul 2005
9561 posts
| Cisco predicts $14.4 trillion for 'Internet of everything' over next decade (Posted on 2/20/13 at 8:57 am)
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
12385 posts
 Online
| re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade (Posted on 2/20/13 at 9:04 am to Zilla)
Skynet approaches
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OceanMan
LSU Fan
Member since Mar 2010
1898 posts
| re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade (Posted on 2/20/13 at 9:08 am to Zilla)
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
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115749 posts
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| re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade (Posted on 2/20/13 at 9:34 am to OceanMan)
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
LSU Fan
Deaf Valley
Member since May 2008
2565 posts
| re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade (Posted on 2/20/13 at 10:53 am to Zilla)
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
2939 posts
| re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade (Posted on 2/20/13 at 11:13 am to schexyoung)
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
LSU Fan
Reno, Nevada
Member since May 2011
1297 posts
| re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade (Posted on 2/20/13 at 11:25 am to Powerman)
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
8612 posts
| re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade (Posted on 2/20/13 at 1:55 pm to RickAstley)
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
107 posts
| re: Cisco predicts $14.4 trillion for 'Internet of everything' over next decade (Posted on 2/20/13 at 9:47 pm to Zilla)
Ipv6
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