![]() ![]() 'If you look at those business imperatives and think of them in the context of those major technology trends, there is an entirely new role of IT coming out,' Lloyd said. "The next step, therefore, is the Internet of Everything in which those devices will be brought online. In other terms, Cisco is projecting that the Internet of Everything has the potential to grow global corporate profits by 21 percent in aggregate by 2022." At a Cisco-sponsored conference, Rob Lloyd, the company's president of sales and development, told the audience "that 99 percent of electronics in the world today still aren't connected to the Internet." King continues: "The value at stake for the 'Internet of Everything' is $14.4 trillion that businesses and customers can capture in the next decade, according to Cisco. General Electric isn't the only company that sees a big future for the Internet of Things. "GE believes the Industrial Internet will spur accelerated economic productivity, potentially boosting GDP by an average of $4,600 to $7,000 per person in the U.S." Brogan reports that a study released by GE last November concluded, "The 'Industrial Internet,' the growing network of machines and sensors across all sectors of the economy linked through Internet communications networks, could add an estimated $1.5 trillion to $2.3 trillion to annual U.S. GE also believes that the Industrial Internet is going to be good for business. For more background, read my post entitled Machine-to-Machine Communication. General Electric (GE) prefers the term "Industrial Internet" since it will primarily connect machines. Barnett predicted its rise and called it the "Evernet." Others prefer the term "Internet of Everything" (IoE). Early this century, for example, my friend Thomas P.M. The framework brings together hardware, OSs, and software for connectivity, security, manageability." Intel sees the Internet of Things as depicted in the following graphic.Īlthough the Internet of Things seems to be the name with the greatest degree of stickiness, it has been referred to by other names as well. Kenton Williston notes that as "embedded systems grow increasingly interconnected, fragmentation is becoming a major problem." He reports that Intel is trying to solve the problem "with a set of interoperable solutions that can scale across applications. These devices are usually routers, switches, phones … but increasingly devices like security cameras and remote climate sensors are being added - and over time we can expect everything from cars to refrigerators to join the party." "When talking about the Internet of Things, it is important to get past the hype and explain exactly what it is: vast numbers of automated physical devices and objects connected to the Internet. Not only will this make traditional search methods nearly impossible to use, it will also create an environment where instead of looking for things in the world, those things will be seeking us out to give us all sorts of information that will help us fix, use or buy them." Proffitt continues: ![]() Brian Proffitt writes, "The rise of the Internet of Things means billions of physical objects will soon generate massive amounts of data 24 hours a day. The world is going to change again as billions of devices and machines start connecting over what is being called "The Internet of Things" (IoT). The world changed forever when people started connecting over the Internet.
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