Networking giant Cisco predicted Wednesday that as we move into a “fundamentally mobile and video” world, the “Internet of Everything” — which combines the so-called Internet of Things with the Internet used by people and their mobile devices — will create $14.4 trillion in value and boost overall corporate profits by 21%. All by 2022.
Those are some pretty big numbers, shared by Cisco executives at a press event in San Jose on Wednesday. But while the vision makes sense, quantifying the changes to be wrought by growth of the Internet of Everything seems, well, fairly abitrary. To say the least.
Rob Lloyd, Cisco President, Sales and Development, broke down the $14.4 trillion figure this way:
- $2.5 trillion in better asset utilization
- $2.5 trillion in employee productivity
- $2.7 in supply chain logistics
- $3.7 trillion in better customer experience.
- $3 trillion in enabling new innovations.
Those may seem easier to grasp, but when you’re talking in trillions over decade-long time frames, it’s very hard to put much credence in calculations like these.
More info here.