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Cisco Public 1
© 2013 Cisco and/or its affiliates. All rights reserved.
The Internet of Everything (IoE)
oder
Braucht tatsächlich jeder Baum eine IP-Adresse?
Christian Fugina, Cisco
Wien, 29.4.2013 – Agenda Austria 2020
© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 2
• “Internet of Everything” – Ein neues Schlagwort in der IT
• Was ist das “Internet of Everything” (IoE)?
• Was bringt das “Internet of Everything (IoE)?” – Praxisbeispiele
• Das Innovationspotential des “Internet of Everything (IoE)”
• Die Rolle des Netzwerks im “Internet of Everything (IoE)”
• Schlussbetrachtung und: “Was hat das alles mit Bäumen zu tun?”
Source: Cisco IBSG, 2013
© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 3
With only 10B of 1.5T “things” connected globally,
there is vast potential in connecting the unconnected
The consumer segment accounts for the vast majority of
“things” in the world
On average, there are about 200 “things” per person in the
world; nearly 2/3 of the total number of “things” are in
developed countries, although these countries account for
only 14% of the global population
Source: Cisco IBSG, 2013
99.4%
of “things” are
unconnected
96.5%
of things are
consumer objects
64%
of things are in
developed
economies
© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 4
Internet of Things
(age of the device)
Internet of
Everything
(people, process, data,
things)
Fixed Computing
(you go to the device)
Mobility / BYOD
(the device goes
with you)
1995 2000 2013 2020
200M
10B
Source: Cisco IBSG, 2013
50B
Cisco Public 5
© 2013 Cisco and/or its affiliates. All rights reserved.
http://oecdinsights.org/2013/01/21/smart-networks-coming-soon-to-a-home-near-you/ BuildingBlocksofSmartNetworks
© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 6
“ The Internet of Everything brings together people,
process, data and things to make networked
connections more relevant and valuable than ever
before - turning information into actions that create
new capabilities, richer experiences
unprecedented economic opportunity for
businesses, individuals and countries.”
© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 7
Source: Cisco IBSG, 2013
Sample Size = 807
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
$0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000
Degree
of
impact
(Value
at
Stake
/
industry
size)
Industry size (value added $B)
Manufacturing
(27%)
Information
services (9%)
Retail trade
(11%)
Administration
Finance and insurance (9%)
Healthcare
Education
Professional services
Wholesale
Company
management
Spheres sized by
amount of Value at Stake
© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 8
Source: Cisco IBSG, 2013
Weniger Zeit im Stau,
geringere Unfallraten,
weniger CO2-Ausstoss,
geringere
Instandhaltungs- und
Versicherungskosten
Time, money, and fuel lost due
to traffic congestion
High proportion of accidents
Reduced fuel efficiency
due to sudden
acceleration and braking
High vehicle insurance costs
Insurance premium based
on actual driving pattern of
individuals
Traffic management and
optimization of road network
lower congestion
Vehicle-to-vehicle/
infrastructure communication
lowers accident rates
Vehicles intelligently
adjust driving speeds,
improving fuel efficiency
Ad hoc routing of vehicles Optimized delivery routes
2013
Current state
2022
Potential with IoE
© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 9
2013
Current state
2022
Potential with IoE
Source: Cisco IBSG, 2013
Long hospital stays to ensure
patients can thrive at home
after discharge
Uncoordinated and
manual collection of
patient test records
Limited number of
conditions with home
monitoring capabilities
Ad hoc interpretation of
medical test results and
conditions
Standardized treatments
that conform to best
practices
Shorter hospital stays with
home monitoring systems
Single, electronic collection
of patient records
Wider number of
conditions with home
monitoring capabilities
Multiple doctors offering
care in an uncoordinated
manner
Consolidated, patient-centric
view of all treatment aspects
ODER::
Wählen Sie bitte:
© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 10
Source: Cisco IBSG, 2013
Besser Nutzung von
Experten, neue
Möglichkeiten des
Unterrichtens, höhere
Qualität der Lehre,
weniger Druckkosten
Physical attendance with
professors
Static, linear content with
low control
One-time instruction in
one location
University and library
hours only
Greater availability
(your time, catch up)
Scale professors and best
quality of instruction — any
device, anywhere
Learn at your own pace; focus
on relevant content only;
richer, interactive content
Scale content: recordable
and replicable instruction,
anytime, any venue
User searches for content
(pull); costly textbooks,
“one size fits all”
Content proactively offered
(push); free content; ability
to customize curriculum
2013
Current state
2022
Potential with IoE
© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 11
Industry Leadership
Vision
Network Technology Transitions
Create Value Moving  IP
IPv6
Leader Core Technology… Hardware + Software + ASICS + Services
Talent
Distributed Networking + Compute + Storage
Automated and Secure
Application-Centric Intelligent Network
Innovation Engine
Experience
Open Customer Dialog
World’s Best Ecosystem Partners & Resellers
Broadest industry-leading
portfolio
Open Standards
Integrated Architecture
DNA
Driving Industry Standards
Unmatched Expertise
Platform
Internet of Everything
Internet of Things
Learning Network
© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 12
© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 13
• Welche Auswirkungen hat das IoE
auf meinen Geschäftsbereich?
• Welche Rolle wird die IT beim IoE
einnehmen?
• Welche Rahmenbedingungen und
Verantwortungen liegen im Bereich
der öffentlichen Hand?
• Wie werden persönliche und
sicherheitsrelevante Daten
verwaltet?
• Welche Organisationsformen im
Unternehmen werden verändert?
© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 14
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 15
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 15
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 15
Cisco Public 15
© 2013 Cisco and/or its affiliates. All rights reserved.
“When the history of IoE is written, its success or
failure will be determined by answering one
question: How did IoE benefit humanity? In the
end, nothing else matters.”
Dave Evans,
Cisco’s Chief Futurist;
Chief Technology Officer, Cisco IBSG
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 16
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 16
© 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 16
Cisco Public 16
© 2013 Cisco and/or its affiliates. All rights reserved.
Thank you.
Vielen Dank.

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Michael Steindl (Liland IT GmbH)
Michael Steindl (Liland IT GmbH)Michael Steindl (Liland IT GmbH)
Michael Steindl (Liland IT GmbH)
 

Mag. Christian Fugina (Cisco Systems Austria GmbH)

  • 1. Cisco Public 1 © 2013 Cisco and/or its affiliates. All rights reserved. The Internet of Everything (IoE) oder Braucht tatsächlich jeder Baum eine IP-Adresse? Christian Fugina, Cisco Wien, 29.4.2013 – Agenda Austria 2020
  • 2. © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 2 • “Internet of Everything” – Ein neues Schlagwort in der IT • Was ist das “Internet of Everything” (IoE)? • Was bringt das “Internet of Everything (IoE)?” – Praxisbeispiele • Das Innovationspotential des “Internet of Everything (IoE)” • Die Rolle des Netzwerks im “Internet of Everything (IoE)” • Schlussbetrachtung und: “Was hat das alles mit Bäumen zu tun?” Source: Cisco IBSG, 2013
  • 3. © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 3 With only 10B of 1.5T “things” connected globally, there is vast potential in connecting the unconnected The consumer segment accounts for the vast majority of “things” in the world On average, there are about 200 “things” per person in the world; nearly 2/3 of the total number of “things” are in developed countries, although these countries account for only 14% of the global population Source: Cisco IBSG, 2013 99.4% of “things” are unconnected 96.5% of things are consumer objects 64% of things are in developed economies
  • 4. © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 4 Internet of Things (age of the device) Internet of Everything (people, process, data, things) Fixed Computing (you go to the device) Mobility / BYOD (the device goes with you) 1995 2000 2013 2020 200M 10B Source: Cisco IBSG, 2013 50B
  • 5. Cisco Public 5 © 2013 Cisco and/or its affiliates. All rights reserved. http://oecdinsights.org/2013/01/21/smart-networks-coming-soon-to-a-home-near-you/ BuildingBlocksofSmartNetworks
  • 6. © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 6 “ The Internet of Everything brings together people, process, data and things to make networked connections more relevant and valuable than ever before - turning information into actions that create new capabilities, richer experiences unprecedented economic opportunity for businesses, individuals and countries.”
  • 7. © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 7 Source: Cisco IBSG, 2013 Sample Size = 807 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0% $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 Degree of impact (Value at Stake / industry size) Industry size (value added $B) Manufacturing (27%) Information services (9%) Retail trade (11%) Administration Finance and insurance (9%) Healthcare Education Professional services Wholesale Company management Spheres sized by amount of Value at Stake
  • 8. © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 8 Source: Cisco IBSG, 2013 Weniger Zeit im Stau, geringere Unfallraten, weniger CO2-Ausstoss, geringere Instandhaltungs- und Versicherungskosten Time, money, and fuel lost due to traffic congestion High proportion of accidents Reduced fuel efficiency due to sudden acceleration and braking High vehicle insurance costs Insurance premium based on actual driving pattern of individuals Traffic management and optimization of road network lower congestion Vehicle-to-vehicle/ infrastructure communication lowers accident rates Vehicles intelligently adjust driving speeds, improving fuel efficiency Ad hoc routing of vehicles Optimized delivery routes 2013 Current state 2022 Potential with IoE
  • 9. © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 9 2013 Current state 2022 Potential with IoE Source: Cisco IBSG, 2013 Long hospital stays to ensure patients can thrive at home after discharge Uncoordinated and manual collection of patient test records Limited number of conditions with home monitoring capabilities Ad hoc interpretation of medical test results and conditions Standardized treatments that conform to best practices Shorter hospital stays with home monitoring systems Single, electronic collection of patient records Wider number of conditions with home monitoring capabilities Multiple doctors offering care in an uncoordinated manner Consolidated, patient-centric view of all treatment aspects ODER:: Wählen Sie bitte:
  • 10. © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 10 Source: Cisco IBSG, 2013 Besser Nutzung von Experten, neue Möglichkeiten des Unterrichtens, höhere Qualität der Lehre, weniger Druckkosten Physical attendance with professors Static, linear content with low control One-time instruction in one location University and library hours only Greater availability (your time, catch up) Scale professors and best quality of instruction — any device, anywhere Learn at your own pace; focus on relevant content only; richer, interactive content Scale content: recordable and replicable instruction, anytime, any venue User searches for content (pull); costly textbooks, “one size fits all” Content proactively offered (push); free content; ability to customize curriculum 2013 Current state 2022 Potential with IoE
  • 11. © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 11 Industry Leadership Vision Network Technology Transitions Create Value Moving  IP IPv6 Leader Core Technology… Hardware + Software + ASICS + Services Talent Distributed Networking + Compute + Storage Automated and Secure Application-Centric Intelligent Network Innovation Engine Experience Open Customer Dialog World’s Best Ecosystem Partners & Resellers Broadest industry-leading portfolio Open Standards Integrated Architecture DNA Driving Industry Standards Unmatched Expertise Platform Internet of Everything Internet of Things Learning Network
  • 12. © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 12
  • 13. © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 13 • Welche Auswirkungen hat das IoE auf meinen Geschäftsbereich? • Welche Rolle wird die IT beim IoE einnehmen? • Welche Rahmenbedingungen und Verantwortungen liegen im Bereich der öffentlichen Hand? • Wie werden persönliche und sicherheitsrelevante Daten verwaltet? • Welche Organisationsformen im Unternehmen werden verändert?
  • 14. © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Public 14
  • 15. © 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 15 © 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 15 © 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 15 Cisco Public 15 © 2013 Cisco and/or its affiliates. All rights reserved. “When the history of IoE is written, its success or failure will be determined by answering one question: How did IoE benefit humanity? In the end, nothing else matters.” Dave Evans, Cisco’s Chief Futurist; Chief Technology Officer, Cisco IBSG
  • 16. © 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 16 © 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 16 © 2010 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 16 Cisco Public 16 © 2013 Cisco and/or its affiliates. All rights reserved.

Hinweis der Redaktion

  1. The Internet of Everything (IoE) creates $14.4 trillion in Value at Stake — the combination of increased revenues and lower costs that is created or will migrate among companies and industries from 2013 to 2022. The five main factors that fuel IoE Value at Stake are: 1) asset utilization (reduced costs) of $2.5 trillion; 2) employee productivity (greater labor efficiencies) of $2.5 trillion; 3) supply chain and logistics (eliminating waste) of $2.7 trillion; 4) customer experience (addition of more customers) of $3.7 trillion; and 5) innovation (reducing time to market) of $3.0 trillion. Technology trends (including cloud and mobile computing, Big Data, increased processing power, and many others) and business economics (such as Met-calfe’s law) are driving the IoE economy. These technology and business trends are ushering in the age of IoE, creating an unprecedented opportunity to connect the unconnected: people, process, data, and things. Currently, 99.4 percent of physical objects that may one day be part of the Internet of Everything are still unconnected. To get the most value from IoE, business leaders should begin transforming their organizations based on key learnings from use cases that make up the majority of IoE’s Value at Stake. These use cases include smart grid, smart buildings, connected healthcare and patient monitoring, smart factories, connected private education, connected commercial (ground) vehicles, connected marketing and advertising, and connected gaming and entertainment, among others. Robust security capabilities (both logical and physical) and privacy policies are critical enablers of the Internet of Everything Economy. The IoE Value at Stake projections are based on increasingly broad adoption of IoE by private-sector companies over the next decade. This growth could be inhibited if technology-driven security capabilities are not combined with policies and processes designed to protect the privacy of both company and customer information. Because the stakes are high — over 10 years, companies stand to lose more than a year of profits if they do not embrace IoE — the time to act is now.
  2. Cisco estimates that 99.4 percent of physical objects are still unconnected. Conversely, this means that only about 10 billion of the 1.5 trillion things globally are connected. Cisco also believes that 96.5 percent of things are consumer objects like smartphones, laptops, tablets, TVs, etc. At a more personal level, there are approximately 200 connectable things per person in the world today.
  3. The growth of the Internet has been unprecedented. Cisco estimates that there were about 200 million things connected to the Internet in the year 2000. Driven by advances in mobile technology and the “bring your own device” (BYOD) trend, among others, this number has increased to approximately 10 billion today, putting us squarely in the age of the Internet of Things (IoT). The Internet of Everything (IoE) will drive the next wave of dramatic Internet growth.
  4. Important to step back and define the Internet of Everything People + Process + Data (the “Internet” as we know it today) + Things (the “Internet of Things”) all joining the Internet creating Intelligent Connections Cisco definition: “The Internet of Everything” brings together people, processes, data, and things to make networked connections more relevant and valuable than ever before – turning information into actions that create new capabilities, richer experiences, and unprecedented economic opportunity for businesses, individuals, and countries.” And it’s really the value of these connections that are more important than the number of “things” that are connected IoT vs. IoE?: IoT = now / IoE = future IoT = things only… big current opportunity… one component of IoE / IoE = people + processes + data + things IoE = connections… connections matter most… focusing on exact number of “things” misses big picture… how many things matters less… potential connections between everything matter more… outcomes of connections matter most (better decisions, new opportunities, richer experiences, improved quality of life) IoE builds on foundation of IoT, adding network intelligence … allows convergence, orchestration, visibility across previously disparate systems.
  5. From an industry perspective, four out of 18 industries make up more than half the total Value at Stake. The amount includes manufacturing at 27 percent, retail trade at 11 percent, information services at 9 percent, and finance and insurance, also at 9 percent. The remaining 14 industries range between 7 percent and 1 percent. The industry distribution of Value at Stake is very heavily driven by specific use cases. For example, much of the Value at Stake for manufacturers comes from factory automation. Additionally, a large amount of the Value at Stake for retailers comes from connected marketing and advertising. The top five industries in terms of potential IoE impact represent 63 percent of the total Value at Stake.
  6. Description: Commercial fleet (ground) vehicles that use an integrated platform of control systems to automate tasks such as navigation, path optimization, and logistics improvements. Storyline: As vehicles become more connected with their environment (road, signals, toll booths, other vehicles, air quality reports, inventory systems), efficiencies and safety greatly increase. For example, the driver of a vending-machine truck will be able to look at a panel on the dashboard to see exactly which locations need to be replenished. This scenario saves time and reduces costs. Considerations for business leaders: While the main benefits from connected commercial ground vehicles come from improved logistics, there is also an opportunity for business leaders to improve service quality and consistency, and to realize environmental benefits through lower energy consumption and carbon emissions. IoE value created: Reduced time on congested roads, lower accident rates, lower fuel and repair costs Main IoE driver(s): Supply chain and logistics, asset utilization Type of IoE connection(s): Machine-to-machine IoE technology enabler(s): Telematics, sensors, cloud computing, security Value created or migrated: Both Company examples: FedEx, UPS, Walmart, Coca-Cola
  7. Description: Better-connected devices and data-driven patient management, resulting in improved healthcare effectiveness and efficiencies. Storyline: Many of the inefficiencies in healthcare today are the result of siloed sources of knowledge and information — it is difficult to access all of the relevant knowledge available at the point of care. In addition, many measurements and tests are administered manually. The greater number of sensors and connections in IoE will allow for shorter hospital stays due to smarter home monitoring systems and improved care from standardized treatments that conform to all known best practices. Considerations for business leaders: Connected healthcare and patient monitoring involve a fundamental shift in how healthcare providers deliver their services. Billing and insurance processes will also have to change for this Value at Stake to come to fruition. Given these changes, business leaders will need to focus on both new technology-driven initiatives and change management, while addressing patients’ privacy concerns. IoE value created: Continuous monitoring of health conditions in a less-expensive home setting; all care aspects consolidated and coordinated Main IoE driver(s): Asset utilization, supply chain and logistics, and customer experience Types of IoE connection(s): Machine-to-machine and machine-to-people IoE technology enabler(s): Medical devices, home IT connections, security Value created or migrated: Both Company examples:
  8. Description: Better application of technologies helps scale professors, faculty, and educational content; increases new ways of learning; and transforms the college educational model—giving students curriculum flexibility to learn at their own pace, anywhere, anytime, using any device. Storyline: Today, education is mostly a “physical” experience where professors teach students in classrooms using books. IoE will allow private companies to challenge this traditional model. Even now, early adopters are breaking down physical barriers to make education available to people who previously didn’t have access. IoE will enable new business models, extend professors’ reach, and reduce textbook costs. Considerations for business leaders: The IoE Economy will give private college institutions the ability to scale instruction and provide it at a significantly lower cost than not-for-profit institutions, which will give for-profit organizations a significant competitive advantage over not-for-profit establishments. And while video and online media are not new to education, in the IoE Economy, they will offer remarkable new capabilities both to improve academic outcomes and extend the reach of education to people who have not had access to quality education. This will have a significant economic impact, for example, by helping address the more technical skills that will be required in the IoE Economy. IoE value created: Extend professors’ reach and scale; enable new business models: scale globally without physical venue constraints; reduce textbook costs Main IoE driver(s): Customer experience, asset utilization Types of IoE connection(s): People-to-people and machine-to-machine IoE technology enabler(s): Video, mobility, BYOD, collaboration tools, security Value created or migrated: Increased penetration of the online education model (migration) Company examples: Strayer, Apollo, Career Education
  9. Why Cisco? IoE is a great opportunity for Cisco and its customers. Cisco stands to benefit from IoE because, in the context of IoE, companies will extend the network into every aspect of their decision making. Cisco’s unmatched expertise in network technology transitions makes it uniquely positioned to help customers capture the value of IoE. Only Cisco has the ability to build, manage, and secure an IP-based platform with open standards — from the cloud to end devices. Our key differentiators: Architectural play (if you only play in one area you cannot make it happen), we cover the whole spectrum, the role of the network is even more fundamental that ever in the past (the IoT does require distributed computing and storage + learning networks). Cisco’s unmatched experience in network technology transitions makes us uniquely positioned to help customers capture the value of the Internet of Everything.  Cisco’s history of two and a half decades of network expertise and our proven ability to build, manage and secure end-to-end IP-based platforms for people, process, data and things We’ve developed industry-leading solutions to address ongoing technology transitions that have changed the Internet. We’ll continue to leverage that strength across our partner ecosystem We are creating the model for next generation IT that can optimize how organizations of all sizes operate We’ll help them migrate and modernize their legacy applications We’ll enable a world of many clouds We’ll help them build a secure, unified network that embraces all devices We’ll deliver the platforms to collect, analyze and act on the data Only Cisco is uniquely positioned to connect the unconnected with an open standard, integrated architecture from the cloud to end devices. It’s up to us to help our customers and partners capture the value offered by the IoE. And we’ll do it by solving our customers’ most important business challenges In IoE … the network is the only thing that touches everything (computers don’t, people don’t) … network at the heart of IoE… as we see billons of devices being connected, network is the only element that can unify IoE Cisco amazing, strong adept / talented and partner ecosystem to compliment and support our tech expertise and vision and support our customers as they transition into new technology era Cisco’s involvement in participating in and driving industry standards is key to success of IoE Cisco working aggressively to and passionately to define, drive industry standards for it to evolve Our Strengths: Industry Leadership Vision Unmatched Expertise Network Technology Transitions Driving Industry Standards In our DNA Create Value Moving à IP IPv6 Leader Core Technology… Hardware + Software + ASICS + Services Distributed Networking + Compute + Storage Intelligent, Manageable, Secure Infrastructure Application-Centric Intelligent Network Innovation Engine Talent Experience Open Customer Dialog World’s Best Ecosystem Partners & Resellers Broadest portfolio industry-leading networking solutions, services, and business architectures. Open Standard Architectural Play / Integrated Architecture Platform
  10. While the scope of IoE may seem daunting, there are actually some very simple steps you can take to begin capturing your share of the IoE Value at Stake: Determine where your business is today with regard to IoE. With the huge number of connections that need to be made among people, data, and things, companies must assess their strengths and weaknesses in the areas of technology skills, business process management, data analytics, connectedness, and security. Understand the role of IT in enabling your company to benefit from IoE. Using IT to reduce costs has diminishing returns; investing in IT to strengthen and grow the customer base has greater upside potential. Take steps now to maximize your firm’s capabilities in the areas of security and privacy: As mentioned previously, security and privacy are essential enablers — and potential inhibitors — of IoE’s Value at Stake. IoE security will be addressed through network-powered technology: devices connecting to the network will take advantage of the inherent security that the network provides (rather than trying to ensure security at the device level). Privacy, on the other hand, will require that companies combine technology with effective processes and policies. To benefit from IoE, firms will need to identify new privacy models that meet company and customer expectations. Most important, firms will need to consider their own internal cultural changes that are necessary to embrace IoE. The value of any IT investment will be determined by the capabilities it enables outside the IT department. The IoE Value at Stake emanates from the marketing, HR, finance, production, sales, and other corporate departments. Therefore, a company’s IT decisions must consider the requirements of these departments. Corporate policies on employment, input-sourcing, and in customer-facing areas may need adjustment to embrace these IoE-driven best practices.