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

Molly Wood Feb 4, 2013
HTML EMBED:
COPY

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

Molly Wood Feb 4, 2013
HTML EMBED:
COPY

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.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.