Cisco’s Lew Tucker stood onstage today at Cloud Connect and pitched the networking giant’s “Internet of Everything,” an app-centric world that will be worth $14.5 trillion over the next couple of years. Whereas the Internet of Things is all the objects in our world, Tucker says the IoE is the smart grids and, really, the entire supply chain and its transformation.
Big enterprise companies are good at this kind of thing. They talk about huge market opportunities and great futures with tremendous upside, but it’s a question of how nimble they can be with startups innovating so fast. Tucker, however, gets credit for explaining how an app-centric world ties in with software-defined networking (SDN) and the switch from traditional, heavyweight systems of records (ERP, CRM) to systems of engagement (apps, lightweight services that provide feedback loops).
Tucker, citing Cisco’s own study, says there is $4.9 trillion in immediate opportunity through the development of such things as smart grids, smart factories, smart buildings and smart cities.
The IoE also provides a context for the ways we interact with this deep fabric of connected things. An ERP system will become less relevant for companies. Instead, systems of engagement will put us right in the center of a feedback loop that allows us to measure our own selves and in the process connect to all the other smart aspects of our life. That might be in the city of San Francisco when trying to find a parking spot or the smart factory where we order our data-generated personal things.