What have you always wondered about the economy? Tell Us

Cisco tries to navigate "The Internet of Things"

Conrad Wilson May 14, 2014
HTML EMBED:
COPY

Cisco tries to navigate "The Internet of Things"

Conrad Wilson May 14, 2014
HTML EMBED:
COPY

Cisco Systems is viewed as a sort of barometer for the tech industry, and when it announces its profits on Wednesday, Silicon Valley will be paying attention to the company’s latest push into the “Internet of Things,” aiming to link cars, machines, devices and everything in between.

“It’s pretty much this notion of connecting anything that has an on-off switch,” says Jacob Morgan, co-founder of Chess Media Group, a consulting firm that helps organizations understand the future of work.

For now, the “Internet of Things” is a long-term strategy for the company.

“In terms of selling cars to people, it may be a little bit trickier because its such a a really big vision, it may be hard to make the benefits obvious to all customers,” says Michael Endler, an associate editor with Information Week.

But Cisco says this sector of technology could be worth $19 trillion.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.