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 Internet of Everything.
The Internet of Everything (IoE) brings together people, process, data, and things to make 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 IoE will create $14.4 trillion of Value at Stake for companies and industries over the next 10 years (2013-2022).
Value at Stake is the potential bottom-line value (higher revenues and lower costs) that can be created or that will migrate among private-sector companies and industries based on their ability to harness IoE.
There are five main drivers of the $14.4 trillion in Value at Stake: 1) asset utilization, $2.5 trillion; 2) employee productivity, $2.5 trillion; 3) supply chain and logistics efficiencies, $2.7 trillion; 4) customer experience, $3.7 trillion; and 5) innovation (including reduced time to market), $3.0 trillion.
To receive the most value from IoE, business leaders should begin transforming their companies based on key findings from the use cases that deliver the most Value at Stake.
The three use cases that create the most Value at Stake are: 1) next-generation workers (BYOD, mobile collaboration, telecommuting, VDI), $2.16 trillion; 2) smart factories, $1.95 trillion; 3) connected marketing and advertising, $1.95 trillion.
From an industry perspective, four out of 18 industries make up more than half of the total Value at Stake. The amount includes manufacturing at 27 percent, retail trade at 11 percent, information services at 9 percent, and finance and insurance, also at 9 percent.
