Internet of Everything To Generate $613B Profit
According to a study done by Cisco, the Internet of Everything (IoE) is big business. The global sector is expected to generate in excess of $600 Billion in global profits for private-sector businesses this year alone. Cisco interviewed IT leaders in 12 countries across 7,500 global business. They found that the United States, China and Germany are expected to realize the greatest value from the technology.
Cisco believes that $600 Billion is just a fraction of the potential market. Through the study they found that if business adopt better business practices, customer approaches and leverage IoE, they could nearly double the profits. Cisco estimated that an extra $544 billion is possible if businesses adjust their strategies to take advantage of IoE.
Source: Connected Home World. Read the full article here.