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Monday, 27th January 2014

Internet of Everything: A $4.6 Trillion Public-Sector Opportunity

Source: Cisco Systems, Inc.

From Executive Summary:

The Internet of Everything — the networked connection of people, process, data, and things — is opening up new opportunities (and risks) that public-sector leaders need to consider from multiple perspectives: policy leadership, services provision, and regulation.

Cisco’s analysis indicates that IoE is poised to generate $4.6 trillion in Value at Stake for the public sector over the next decade (compared with $14.4 trillion for the private sector over the same period).

The $4.6 trillion in public sector Value at Stake will result from IoE’s ability to help public-sector organizations manage assets, optimize performance, and create new business models.

70 percent of the public sector’s IoE Value at Stake will come from agency- specific implementations, while 30 percent will derive from cross-agency adoption of IoE.

• The five primary drivers of IoE Value at Stake for the public sector are: 1) employee productivity, 2) connected militarized defense, 3) cost reduction, 4) citizen experience, and 5) increased revenue.

• More than two-thirds of IoE’s Value at Stake for the public sector (69 percent) will be powered by citizen-centric connections (person-to-person, machine- to-person/person-to-machine).

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Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

Adrian can be reached at adrian.janes@freepint.com

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