The Internet of Everything – Connecting the Unconnected
The next wave of dramatic change will come through the confluence of people, process, data, and things. The Internet of Everything makes networked connections more relevant and valuable than ever before — turning information into actions that create new capabilities, richer experiences, and unprecedented economic opportunity for businesses, individuals, and countries. Cisco estimates that 99.4 percent of physical objects in the world are still unconnected. With only about 10 billion of the 1.5 trillion things currently connected globally, there is vast potential to connect the unconnected via the IoE. Between 2013 and 2022, $14.4 trillion of value (net profit) will be “up for grabs” for private-sector companies and industries globally — driven by IoE. The IoE Economy is about enabling people to be more productive and effective, make better decisions, and enjoy a better quality of life.
- Wim Elfrink, Executive Vice President, Industry Solutions & Chief Globalisation Officer, Cisco Systems