Ever felt that you've spent half your life searching for a parking space? Well, it's notthatmuch of an exaggeration. One study estimates that typical drivers spend 2,549 hours of their lives in the aimless, money-wasting, and gas-guzzling quest for a place to park.
Now imagine that through technology - connected cars, roads, and, of course, parking spaces - you could substantially reduce all of that wasted time and money.
Unfortunately, business and enterprise are rife with their own versions of wild goose chases for parking spaces: supply-chain deficiencies, checkout bottlenecks, quality-control failings, communication breakdowns, and, yes, clogged parking lots. These are but a few of the drags on productivity, efficiency, and innovation.
The solution for all these problems may be the same:connectivity.
Cisco estimates that the Internet of Everything - the networked connection of people, process, data, and things - promises$14.4 trillion in Value at Stake for private-sector companies globally over the next 10 years.
To illustrate just one area of impact, in 2013, manufacturing is expected to realize$103.1 billion in IoE-related profits. The elements driving this progress include collaboration tools that link design teams with engineers and global teams; smart factories that adjust their output and product design according to real-time data from customers and partners; and machine-to-machine connections that share data on tracking shipments and inventory across supply chains.
But how willyourorganization begin to reap the great benefits of the Internet of Everything?
Here are four key steps that will set your company on the road to IoE value:
By defining some very concrete steps that lead into the Internet of Everything, you will begin the process of transforming your business in extraordinary ways as you align and connect key assets, internally and externally. IoE, after all, is an ecosystem. In this model, no one can innovate alone.
The IoE revolution is upon us and promises unprecedented opportunities for eliminating inefficiencies and creating new value for your organization.
So, heed the call to action. And don't waste time looking for a parking space!