Mike Wing, IBM’s vice president of strategic communications, describes it this way: “Over the past century but accelerating over the past couple of decades, we have seen the emergence of a kind of global data field. The planet itself, natural systems, human systems, physical objects has always generated an enormous amount of data, but we weren't able to hear it, to see it, to capture it. Now we can because everything is being instrumented. And it’s all interconnected, so now we can actually have access to it. So, in effect, the planet has grown a central nervous system.”
When the world around us becomes connected, capable of receiving, generating, and sending relevant information, effectively self-aware and smart, it will drive efficiency like never before. It can turn data into knowledge and knowledge into actions that create new capabilities revolutionizing all spheres of human activity: society, politics, culture and the economy. With a backbone of what Cisco calls the Internet of Everything and what GE calls the Industrial Internet , we are at the down of a global coordination of actionable knowledge for an inclusive and sustainable world.
A large portion of the Internet of everything is the proliferation of sensors and actuators in our devices, appliances and our environment at astounding rates. More than 12 billion devices around the world, including computers and smartphones, are connected to the Internet. And this number is expected to increase dramatically within ten years, with estimates ranging from more than 50 billion things to more than a trillion . This has the potential to transform activities such as manufacturing, building infrastructure, providing healthcare, and managing supply chains by collecting data to monitor and optimize activities and assets at a very granular level. Soon, companies will be able to perfectly match product demand to raw materials orders, streamlining supply chains and minimizing waste to an extraordinary degree. Any activity that “touches” multiple things or people across value chains is a candidate for reimagining with the help of networked sensors and actuators.
The opportunity is estimated at more than 19 Trillion dollars by John Chambers. Watch this interesting panel of the global digital context particularly focusing on four topics:
. Digital economy
. Internet of Everything
. Big Data
John T. Chambers: Chairman and Chief Executive Officer
Since 1991, with Cisco, 1995, Chief Executive Officer; since 2006, Chairman and Chief Executive Officer; over the past 18 years, has grown Cisco from US$ 1.2 billion in annual revenues to record revenues of US$ 48.6 billion in FY13. Recipient of numerous awards for leadership. Named as one of Time Magazine's 100 Most Influential People. Widely recognized, with Cisco, for philanthropic leadership; recipient of first-ever Clinton Global Citizen Award from former US President Bill Clinton, and Woodrow Wilson Award for Corporate Citizenship.
Liu Jiren: Chairman and Chief Executive Officer
Degree in Computer Applications, Northeastern University; 1982, Master's degree; 1987, Doctorate in Computer Applications. 1988, Professor, Northeastern University; 1991, Founder, Neusoft Group. Vice-Chancellor, Northeastern University. Vice-Chairman, China Software Industry Association. Member, Chinese Association of Automation.
Max Levchin: Founder and Chief Executive Officer
Co-Founder, PayPal and Yelp. CEO, Affirm, a next generation financial services company offering consumer credit at the point of sale. Chairman, Glow, a women's reproductive health app. Both companies were created and launched from San Francisco-based innovation lab HVF; currently, President. Founder, Slide, a personal media-sharing service for social networking sites. Member of various boards, including Yahoo! and Evernote. Actively invests in early stage start-ups.
Pierre Nanterme: Chairman and Chief Executive Officer
Graduate, ESSEC, Paris. Since 1983, with Accenture: former Group Chief Executive, Financial Services, Chief Leadership Officer and Country Managing Director, France; since 2010, Member, Board of Directors; since 2011, CEO; since 2013, Chairman. Member, International Business Council and Chair, IT Governors Steering Committee, World Economic Forum; Steering Board Member, European Cloud Partnership; Member, CEO Council, Wall Street Journal; Member, various B20 Summit task forces. Chevalier, Legion of Honour.
Robert F. Smith: Chairman and Chief Executive Officer
BSc in Chemical Engineering, Cornell University; MBA, Columbia Business School. Formerly, with Goldman Sachs, M&A, New York and Silicon Valley. Founder, Chairman and Chief Executive Officer, Vista Equity Partners. Chairman, Robert F. Kennedy Center. Member, Cornell Engineering College Council. Trustee, Boys and Girls Clubs of San Francisco. Board Member, Carnegie Hall.