Billions1. United States $253.02. China $76.93. Germany $54.44. Japan $41.05. Australia $35.66. France $32.27. Canada $30.28. United Kingdom $28.49. India $18.210. Brazil $17.311. Russia $17.012. Mexico $9.2
•Business leaders in emerging countries clearly expect to leverage IoE to their advantage. According to the research, these executives are the most bullish on capturing value (on a scale of 1-10):
1. India: 8.22. China: 8.03. Brazil: 7.94. Mexico: 7.45. Russia: 7.26. Non-emerging countries: 6.7
•While the Internet of Everything is driving a huge amount of corporate profits, an additional $544 billion could also be generated in 2013 if companies adjusted their strategies to better capitalize on it. "That figure should be a wake-up call to businesses large and small that IoE can significantly add to their bottom line," added Cisco's Lloyd.
To capture more value in the IoE Economy, companies should:•Invest in high-quality technology infrastructure and tools. •Adopt and follow inclusive practices that enable all employees to contribute. •Develop effective information-management practices.
•To maximize value from the Internet of Everything, firms should focus on the IoE-driven capabilities that will benefit their industries most:•Manufacturing firms: real-time, multidimensional data analysis; integrated video collaboration; remote tracking of physical assets. •Energy firms: integration of sensor data; ability to locate experts; predictive analytics. •Retailers: predictive analytics and data visualization; BYOD and interacting with customers using rich media; mobile payments and remote customer monitoring.
•Among industries, services ($158.8 billion) and manufacturing ($103.1 billion) are expected to realize the greatest IoE value in 2013.
•The key drivers of IoE value in 2013 are expected to be:
Supply Chain: $158.7 billionCustomer Experience: $145.2 billionInnovation: $110.5 billionAsset Utilization: $109.7 billionEmployee Productivity: $89.3 billion
•An analysis of IoE-generated profits underscores that company size is not necessarily an indicator of which firms will benefit most from it. In fact, the study drives home that market incumbency is at risk as IoE grows in impact.
Expected IoE-generated profits in 2013 by company size:500-1,999: 54.1% or $118.0 billion2,000-9,999: 53.3% or $159.7 billion10,000+: 52.4% or $335.6 billion
•We are at the early stages of the development of the Internet of Everything, but firms have huge incentives to adapt now to take advantage of it. Over the next decade, $14.4 trillion in profits could be achieved by companies that leverage IoE either to create new value or to gain value from competitors that don't adapt as quickly or effectively to take advantage of new innovations.
For more information, access the full report on the IoE Value Index, the study's Top 10 Insights, and Frequently Asked Questions, or visit http://www.internetofeverything.com.
Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. For ongoing news, please go to http://thenetwork.cisco.com.
This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including the expectation that the Internet of Everything (IoE) will enable global private-sector businesses to generate profits, and the potential of IoE to enable businesses and add to their bottom line. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, business and economic conditions and growth trends in the networking industry, our customer markets and various geographic regions; global economic conditions and uncertainties in the geopolitical environment; overall information technology spending; the growth and evolution of the Internet and levels of capital spending on Internet-based systems; dependence on the introduction and market acceptance of new product offerings and standards; rapid technological and market change; risks related to the global nature of our operations, including our operations in emerging markets; and other risk factors set forth in Cisco's most recent reports on Form 10-K and Form 10-Q. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.
RSS Feed for Cisco: http://newsroom.cisco.com/rss-feeds
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2340078
Investor / Analyst Relations Contact: