Wednesday, January 22, 2014

CES LIVE: Cisco's Chambers Says Internet of Everything, $19 Trillion Opportunity, Is Next Big Thing

CES LIVE: Cisco's Chambers Says Internet of Everything, $19 Trillion Opportunity, Is Next Big Thing

Cisco CEO John Chambers is counting on the software, services and hardware needed to enable the Internet of Everything to help turn the world’s largest maker of networking gear into the leading supplier of information technology. “This will be bigger than anything done in high tech in a decade,” Chambers said in a keynote presentation at the Consumer Electronics Show in Las Vegas today. Businesses, governments and consumers will generate or realize savings to the tune of $19 trillion by allowing devices and applications to work together and create new services built off the Internet.
Here’s a play-by-play of what Chambers said:

4:35: Gary Shapiro, CEO of the Consumer Electronics Association, takes the stage to introduce Chambers. “John has built his entire career seeing around the corner.”
Chambers on stage. Says a year ago, he would have to explain what the Internet of things. But all of a sudden, business and government leaders are realizing what the Internet of Everything means in terms of job creation, growth. Four years ago, we talked about what it meant in terms of putting this over a smart grid and moving electricity around. Two and half years ago, it was about connected industries. Bet on the Internet of things is paying off. His prediction: 2014 will be the transformational, pivot point for Internet of everything. It is not just connecting a car, a refrigerator or health device — it’s the combination of all of this. It will be five to 10 times more impactful than the whole Internet revolution has been….Connected garbage cans can help save $10 billion as you transform waste management, he says. You can change traffic patterns of trucks, put sensors in cans to notify you if the cans are full or empty and need to be picked up…. “Not only is $19 trillion doable. It will require changes by all of us.”


Read the post here.

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