Value of the Internet of Everything for Cities, States & Countries
The Internet of Everything (IoE) could generate $4.6 trillion in value for the global public sector by 2022 through cost savings, productivity gains, new revenues and improved citizen experiences. – Cisco Consulting Services
WHAT IS IoE?
The Internet of Everything is the networked connection of people, process, data, and things.
Today, most people connect through their use of devices and social networks. As IoE evolves, we will connect in new and valuable ways. "Wearables" are already changing how we connect.
With the correct processes, connections become more valuable as the right information is delivered to the right person at the right time in the most relevant way.
Rather than just data, connected things -- aided by analytics -- are increasingly delivering intelligence and actionable information to both people and machines for better decisions and results.
Physical objects that are connected to the Internet and each other increasingly sense more data, become context-aware, and provide more experiential information to aid both people and machines.
PUBLIC SECTOR BENEFITS
Discover how forward-looking governments and other public-sector agencies are reaping the benefits of IoE today:
In Finland, sensors in garbage cans send signal when pickup is needed, which has led to a 40% savings in waste collection.
City 24/7 interactive smart screens in NYC serve as citywide sensing, communications, and response network, while also generating advertising revenue.
Smart Parking in Nice, France alerts drivers about open spaces, with the potential to reduce traffic congestion by 30%, boost parking revenue, and reduce CO2 emissions.
Over the next decade, IoE can help governments create value by saving money, improving effectiveness and productivity, generating new revenue and enhancing citizen benefits.
Employee Productivity $1.8T
Connected Militarized Defense $1.5T
Citizen Experience $412B
Increased Revenue $125B
Improved labor effectiveness for new and existing government services
Fourfold increase in combat-mission effectiveness through improved situational awareness and connected command centers, vehicles, and supplies
Improved labor efficiency, better capital utilization, reduced operational costs
Shorter search times; improved environment; better health outcomes
Improved ability to match supply with demand; improved monitoring and compliance
(Hover over the bar chart sections for more information)
By enabling new and more meaningful connections, governments and other public-sector agencies worldwide can benefit and ultimately create quantifiable benefits for citizens.
Cities have the potential to claim almost two-thirds of the non-defense (civilian) IoE public sector value. Cities will capture much of this value by implementing killer apps.
Smart buildings lower operating costs by reducing energy consumption through the integration of HVAC and other systems.
Gas monitoring reduces meter-reading costs and increases the accuracy of readings for citizens and municipal utility agencies.
Smart parking provides real-time visibility into the availability of parking spaces across a city. Residents can identify and reserve the closest available space, traffic wardens can identify non-compliant usage, and municipalities can introduce demand-based pricing.
Water management connects the household water meter over an IP network to provide remote information on use and status.
Road pricing implements automatic payments as vehicles enter busy zones of cities, improving traffic conditions and raising revenues.
From a geographic perspective, local, state/province and non-defense federal agencies in the United States ($585.6B), China ($291.5B) and France ($182.6B) have the most to gain by embracing IoE over the next decade.
YOUR IoE CHECKLIST
When the $4.6 trillion in potential public sector value is combined with the $14.4 trillion of potential value at stake for the private sector, IoE is a $19 trillion opportunity for businesses and governments globally 2013-2022.
Public sector leaders have a unique opportunity to act rather than react.
Get started today:
Learn all about the Internet of Everything
Contact us to find out how we can help you capture the value of IoE
Access the full report on the value at stake for the global public sector
Discover the "Top 10 Insights" about the IoE value at stake for the public sector