‘Internet Of Everything’ Could Help Economic Growth Says Cisco

Leading networking experts Cisco, has emphasised the growing significance of the ‘Internet of Everything’ for the future of businesses, people and nations.

The Internet of Everything is a concept described by Cisco as being the progression of networking capabilities between people, data, processes. Cisco’s recent report, The Internet Of Everything: Bringing the Future to Life, focuses on how the concept of IoE will influence the infrastructure of connections throughout the entire world and how it will have a positive impact on all industries. It reports that 50 billion ‘things’ will be globally connected by 2020.

The report outlines how the internet has already fundamentally altered the way in which businesses communicate with their customers and that is only with a small percentage of the world currently being connected. It suggests that with such a huge amount of connections in the future, businesses and their operations will be radically different.

The Plans Will Change The World’ Says Cisco Chief

Cisco Chief Executive of Cisco UK and Ireland, Phil Smith, said: “With just one percent of the physical world connected at this time, this is just the beginning of an amazing future. As connections become smarter, faster and more insightful, we will only see more imaginative and ambitious applications of the IoE which will quite literally change the world.”

In the future there will be people and areas of the planet that would normally be considered ‘unconnectable’ being easily and readily connected with everything being capable of having an internet address. Phil Smith says the world will ‘wake up’ with the internet of everything. He added: “From better, more sophisticated ways of selling to and engaging with customers, to increasingly efficient and slick supply chains and manufacturing processes, the Internet of Everything is being brought to life in a number of ways.

In the report, Cisco identifies five areas that will see the biggest benefits first: healthcare, retail, transport, energy and especially manufacturing.”

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Sources

http://newsroom.cisco.com/release/1404521/Cisco-Showcases-How-the-UK-Is-Harnessing-the-Internet-of-Everything-in-2014

http://internetofeverything.cisco.com/en-gb

http://newsroom.cisco.com/internet-of-everything-october2013