Cisco estimates that 99.4 percent of physical objects are still unconnected. Conversely, this means that only about 10 billion of the 1.5 trillion things globally are connected. At a more personal level, there are approximately 200 connectable things per person in the world today. These facts highlight the vast potential of connecting the unconnected.
Even so, the growth of the Internet has been unprecedented. Cisco estimates that there were about 200 million things connected to the Internet in the year 2000. Driven by advances in mobile technology and the “bring your own device” (BYOD) trend, among others, this number has increased to approximately 10 billion today, putting us squarely in the age of the Internet of Things (IoT). The next wave of dramatic Internet growth will come through the confluence of people, process, data, and things — the Internet of Everything (IoE).
IoE is further being driven by several factors. First, powerful technology trends — including the dramatic increase in processing power, storage, and bandwidth at ever-lower costs (Moore’s law still at work); the rapid growth of cloud, social media, and mobile computing; the ability to analyze Big Data and turn it into actionable information; and an improved ability to combine technologies (both hardware and software) in more powerful ways — make it possible to realize more value from connectedness.
Second, barriers to connectedness continue to drop. For example, IPv6 overcomes the IPv4 limit by allowing for 340,282,366,920,938,463,463,374,607,431,768,211,456 more people, processes, data, and things to be connected to the Internet. Amazingly, IPv6 creates enough address capacity for every star in the known universe to have 4.8 trillion addresses.
Third, form factors continue to shrink. Today, a computer the size of a grain of salt (1x1x1 mm) includes a solar cell, thin-film battery, memory, pressure sensor, and wireless radio and antenna. Cameras the size of a grain of salt (1x1x1 mm) now have 250×250-pixel resolution. And, sensors the size of a speck of dust (0.05×0.005 mm) detect and communicate temperature, pressure, and movement. These developments are important because, in the future, things connected to the Internet may be hard for the human eye to even see.
Finally, IoE reflects the reality that business value creation has shifted to the power of connections and, more specifically, to the ability to create intelligence from those connections. Companies can no longer rely solely on internal core competencies and the knowledge of their employees; instead, they need to capture intelligence faster, from many external sources. This will occur through connections enabled by the Internet of Everything
Embracing the Internet of Everything
To Capture Your Share of $14.4 Trillion
More Relevant, Valuable Connections Will Improve
Innovation, Productivity, Efficiency & Customer Experience
by Joseph Bradley, Joel Barbier and Doug Handler
https://www.cisco.com/c/dam/en_us/about/ac79/docs/innov/IoE_Economy.pdf
The Internet of Everything Is Happening Now
Cisco estimates that 99.4 percent of physical objects are still unconnected. Conversely, this means that only about 10 billion of the 1.5 trillion things globally are connected. At a more personal level, there are approximately 200 connectable things per person in the world today. These facts highlight the vast potential of connecting the unconnected.
Even so, the growth of the Internet has been unprecedented. Cisco estimates that there were about 200 million things connected to the Internet in the year 2000. Driven by advances in mobile technology and the “bring your own device” (BYOD) trend, among others, this number has increased to approximately 10 billion today, putting us squarely in the age of the Internet of Things (IoT). The next wave of dramatic Internet growth will come through the confluence of people, process, data, and things — the Internet of Everything (IoE).
IoE is further being driven by several factors. First, powerful technology trends — including the dramatic increase in processing power, storage, and bandwidth at ever-lower costs (Moore’s law still at work); the rapid growth of cloud, social media, and mobile computing; the ability to analyze Big Data and turn it into actionable information; and an improved ability to combine technologies (both hardware and software) in more powerful ways — make it possible to realize more value from connectedness.
Second, barriers to connectedness continue to drop. For example, IPv6 overcomes the IPv4 limit by allowing for 340,282,366,920,938,463,463,374,607,431,768,211,456 more people, processes, data, and things to be connected to the Internet. Amazingly, IPv6 creates enough address capacity for every star in the known universe to have 4.8 trillion addresses.
Third, form factors continue to shrink. Today, a computer the size of a grain of salt (1x1x1 mm) includes a solar cell, thin-film battery, memory, pressure sensor, and wireless radio and antenna. Cameras the size of a grain of salt (1x1x1 mm) now have 250×250-pixel resolution. And, sensors the size of a speck of dust (0.05×0.005 mm) detect and communicate temperature, pressure, and movement. These developments are important because, in the future, things connected to the Internet may be hard for the human eye to even see.
Finally, IoE reflects the reality that business value creation has shifted to the power of connections and, more specifically, to the ability to create intelligence from those connections. Companies can no longer rely solely on internal core competencies and the knowledge of their employees; instead, they need to capture intelligence faster, from many external sources. This will occur through connections enabled by the Internet of Everything