When Cisco CEO John Chambers took the stage at the Consumer Electronics Show in Las Vegas and announced that there was a difference between the Internet of Things (IOT) and the Internet of Everything (IOE), many cried “semantics.”
He is right, there is a major difference and one that ripped across the United States to the National Retail Federation (NRF) Big Show at the Jacob Javits Convention Center in New York this past week.
IOT, according to Mr. Chambers, is made up of millions of connected objects. However, IOE is the smart networks, people, processes, places and “Everything” connected that is required to support the “smart” connectivity and delivery of these objects to generate and transmit.
What will help move the IOT into the IOE and drive what Mr. Chambers predicts to be $19 trillion in new revenue by 2020?
IOE requires a universal solution to tie the billions of sensor data into an intelligent device and system agnostic solution.
To our detriment, we are so focused on the idea of a hardware (IOT) solving all our problems that we neglected that simple insight that all these hardware solutions require a method of managing the people and service behind them.
The industry needs a wireless domain (DNS) naming solution that can provide profile, tools and privacy controls to enterprise and the consumer.
When I was invited to sit on a panel at the launch of the new wireless registry, I realized that this registry could be the silver-bullet platform.
100 billion sensors
When Cisco, Qualcomm, IBM and others set up shop at NRF to talk retail, the IOT versus IOE discussion continued.
Brand agencies such as Ogilvy were pitching a solution using Qualcomm’s wireless Gimbel platform to solve retail engagement in the store.
Qualcomm’s Gimbel platform is essentially an IOE riding on Apple’s IOT’s iBeacons.
Mobile location analytics (MLAs) companies that collect consumer behavioral analytics are a Big Data IOE play riding on the IOT emitting from the phone’s Wi-Fi signal?
There are a proliferation of IOE solutions using different technology that require considerable CAPEX and resources.
There are currently an estimated 10 billion IoE sensors globally. This is predicted to grow to 100 billion sensors by 2020. Imagine the wireless noise we can anticipate as we move from city to city, street to street, aisle to aisle.
There are no barriers when it comes to the final stages of IoE Delivery on a global scale., to those who prepare for the next wave i.e, the “Delivery” stage of the Internet of Everything – is undoubtedly the devices, people, processes, data & devices all connected together make up the IoE. By 2020 The IoE…(not IoT) is projected to see $19 trillion in annual sales in IoE Business revenue by 2020.