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Nov 12, 2019

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Marketplace Morning Report

Cisco CEO: Get ready for ‘the Internet of everything’

Molly Wood Feb 4, 2013
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This week, we’re asking a range of accomplished figures in the tech world about what could be the next digital frontier.  Are we moving away from an Internet of webpages and toward an Internet of things, or an Internet of interconnected objects?

According to John Chambers, CEO of Cisco Systems, we’re heading towards what he calls “the Internet of everything.”

Think smart refrigerators that call the repair man when broken, or a water meter in your house that monitors use and decreases leakage.

“If you look back at they year 2000, maybe 200 million devices were connected, today it’s 10 billion. In 2020, it is 50 billion,” says Chambers. “We believe it will change every aspect of people’s lives.”

From a business perspective, Chambers says the vast new hook-up could save companies around the world $14.4 trillion over the next ten years.

To hear Chambers discuss other new frontiers of connectivity, click on the audio player above.

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