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Internet of things worth $14.4 trillion over the next decade

angry tapir (1463043) writes | about a year and a half ago

Businesses 0

angry tapir writes "The so-called "Internet of everything," the rapidly approaching world where objects from refrigerators to factory robots can talk to people and other machines, will create a massive business opportunity worth US$14.4 trillion over the next decade, according to a new study from Cisco Systems. The Internet of everything, a phrase coined by Cisco to describe the networking of people, processes, data and objects, will encompass multiple industries, enabling customized online education, smart factories and the smart energy grid, Cisco officials said. Over the next decade, that connection of new objects and people to the Internet puts $14.4 trillion at stake, with the opportunity including new profits and cost savings, the company predicted."
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