$613 billion, which is the amount Cisco estimates can be made via the Internet of Everything. What’s the Internet of Everything? Dan Farber of CNet explains:
That’s the idea that more than half of the people and 99 percent of the things on the planet are unconnected and that by connecting them and riding the wave of industry transformations, such as smart factories, digital health, mobile collaboration, virtual assistants, and connected commercial vehicles, giant profits will follow.
In other words, the companies that invest in the “connections economy” and harness the network effects of the Internet of Everything—which is people, process, data and things—will reap more of the profits.
It’s an interesting idea — not to mention a startling number — but it will take continued investment, and a regulatory environment that encourages continued investment, to make the Internet of Everything a reality.