Everything is connected
Cisco’s ambition sounds a bit like science fiction. The company estimates that 99.4% of all physical objects in the world remain unconnected — all but 10 billion out of 1.5 trillion things. The value (net profit) of connecting all of those things: $14.4 trillion.
Cisco sees this potential developing in the next decade, by 2022. To put that incredible number in perspective, consider global GDP, which was $70 trillion when last assessed in 2011. If global GDP were to double again over the next decade, as it has since the end of the dot-com bubble, it would rely on the Internet of Everything for a fifth of that growth. Growth is already kicking in: Cisco projects $613 billion in corporate profit worldwide this year as the Internet becomes an Internet of Everything.
It is also known as IOT (internet of everything).