Welcome!

Government Cloud Authors: Pat Romanski, Elizabeth White, Liz McMillan, Dana Gardner, Gopala Krishna Behara

News Feed Item

Cisco Study Says Internet of Everything (IoE) Can Create Savings, Increase Productivity and Revenue for Governments Globally, While Improving Citizen Benefits Over the Next Decade

New Cisco Study Reveals $4.6 Trillion in Value at Stake for Governments That Embrace IoE

LAS VEGAS, NV -- (Marketwired) -- 01/08/14 -- The Internet of Everything could generate $4.6 Trillion in value for public sector organizations over the next decade, according to a new study released by Cisco (NASDAQ: CSCO) today at the Consumer Electronics Show (CES). The Internet of Everything (IoE) can help governments create value by saving money, improving employee productivity, generating new revenue (without raising taxes) and enhancing citizen benefits.

IoE is the networked connection of people, process, data and things, and the increased value that occurs as "everything" joins the network. Several technology transitions -- including the Internet of Things, increased mobility, the emergence of cloud computing, and the growing importance of big data, among others -- are combining to enable IoE.

The City of Barcelona is utilizing IoE solutions today to offer citizens new services and richer experiences. One of the first to develop Virtual Citizen Services in Europe, Barcelona is using video and collaboration technologies to allow citizens to virtually interact with city hall without having to travel to local offices. One of the world's leading Smart+Connnected Communities, Barcelona has implemented IoE solutions in water management, smart parking, waste management and connected buses, all of which are helping the city save money and improve the quality of service to citizens.

Cities globally have the potential to claim $1.9 Trillion in value from IoE over the next decade, according to Cisco's study. Cities can capture much of this value by implementing "killer apps":

  • Smart buildings are poised to generate $100B by lowering operating costs by reducing energy consumption through the integration of HVAC and other systems.
  • Gas monitoring could generate $69B by reducing meter-reading costs and increasing the accuracy of readings for citizens and municipal utility agencies.
  • Smart parking could create $41B by providing real-time visibility into the availability of parking spaces across a city. Residents can identify and reserve the closest available space, traffic wardens can identify non-compliant usage, and municipalities can introduce demand-based pricing.
  • Water management could generate $39B by connecting the household water meter over an IP network to provide remote information on use and status.
  • Road pricing could create $18B in new revenues by implementing automatic payments as vehicles enter busy zones of cities, improving traffic conditions and raising revenues.

"With more of the world's population moving into urban centers daily, cities must become more flexible and responsive to citizen needs, while making the most of public resources," said Wim Elfrink, Cisco's EVP of industry solutions and chief globalisation officer. "The Internet of Everything is transforming how cities deliver services and how citizens interact with government."

Beyond cities, the benefits of IoE extend to governments at almost every level according to the study:

  • State agencies have the potential to realize $682 Billion in value by applying IoE solutions to processes like bridge maintenance, offender transport, chronic disease management, connected learning and wildfire suppression.
  • Non-defense federal agencies could capture $472 Billion through IoE solutions to improve disaster response, fleet management, cybersecurity and many other areas.
  • Defense forces globally can improve the effectiveness of military missions through secure connection and information sharing among soldiers, bases, vehicles and battlefield assets. Improved connections among defense forces globally could generate $1.5 Trillion in value and measurably enhance soldier safety.

With 350 million public employees in the world, IoE applications that improve employee productivity across state, local and non-defense federal agencies can generate significant value. For example, increased use of telework solutions could create an estimated $125 Billion in value by lowering real-estate, printing and other costs. These same solutions improve employee retention and productivity, and provide additional employment opportunities.

"Public-sector leaders are under tremendous pressure to bridge the gap between rising citizen expectations and shrinking resources," said Martin McPhee, Cisco's SVP for Consulting Services. "IoE solutions have the potential to change everything. Public sector leaders should act now to identify major IoE opportunities in their agencies, and begin by reimagining what is possible in an IoE world."

The study released today -- "Internet of Everything: A $4.6 Trillion Public-Sector Opportunity" -- builds on research released by Cisco in Feb. 2013 which identified potential profits of $14.4 Trillion for private companies that embrace IoE over the next decade. When combined with $4.6T of potential value in the public sector, IoE is a $19T opportunity for businesses and governments globally over the next decade.

You can find the full report, "Internet of Everything: A $4.6 Trillion Public-Sector Opportunity," Frequently Asked Questions about the study and the study's Top 10 Insights at www.internetofeverything.com.

Supporting Resources:

Info graphic of Internet of Everything
http://internetofeverything.cisco.com/vas-public-sector-infographic/

Internet of Everything Top 10 Insights
http://internetofeverything.cisco.com/sites/default/files/docs/en/ioe_vas_public_sector_top_10%20insights_121313final.pdf

Cisco's Full Report on Internet of Everything
http://internetofeverything.cisco.com/sites/default/files/docs/en/ioe_public_sector_vas_white%20paper_121913final.pdf

FAQ
http://internetofeverything.cisco.com/sites/default/files/docs/en/ioe_value_at_stake_public_sector%20_analysis_faq_121913final.pdf

About Cisco:
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.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

RSS Feed for Cisco:

http://newsroom.cisco.com/rss-feeds

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
Moroccanoil®, the global leader in oil-infused beauty, is thrilled to announce the NEW Moroccanoil Color Depositing Masks, a collection of dual-benefit hair masks that deposit pure pigments while providing the treatment benefits of a deep conditioning mask. The collection consists of seven curated shades for commitment-free, beautifully-colored hair that looks and feels healthy.
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
We all love the many benefits of natural plant oils, used as a deap treatment before shampooing, at home or at the beach, but is there an all-in-one solution for everyday intensive nutrition and modern styling?I am passionate about the benefits of natural extracts with tried-and-tested results, which I have used to develop my own brand (lemon for its acid ph, wheat germ for its fortifying action…). I wanted a product which combined caring and styling effects, and which could be used after shampo...
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.