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The Internet of Everything was listed as one of the top trends of 2015 by Gartner .The term Internet of Everything (IoE) is a fairly new term , and there is a confusion about the difference between the Internet of Everything (IoE) and the Internet of Things (IoT) , to clarify that, let’s start with definitions , applications and explore the future of this new concept.
Our team has been active as investors in the Internet of Things and hardware space over the past two years. We have read pitches from hundreds of companies, met with dozens, read hundreds of research reports and spoken with various experts. We have invested in six IoT/hardware companies from our global seed fund and seven from our startup accelerator.
The possibilities that IoT brings to the table are endless. IoT continues its run as one of the most popular technology buzzwords of the year, and now the new phase of IoT is pushing everyone to ask hard questions about the data collected by all devices and sensors of IoT.
IoT will produce a tsunami of big data, with the rapid expansion of devices and sensors connected to the Internet of Things continues, the sheer volume of data being created by them will increase to an astronomical level. This data will hold extremely valuable insights into what’s working well or what’s not.
Over the past years, one of the most interesting and discussed topics was definitely the Internet of Things, called by a lot of people “the next big thing”. But since you must be curious about what we’re actually referring to, it’s basically a network of physical objects , or devices, vehicles, building and many other items you can think of, embedded with electronics, software, a lot of sensors and, of course, connected to the internet, being able to collect and exchange data.
Cisco made an announcement that the 3rd Internet of Things World Forum 2015, which took place in Dubai, with over 2000 people attending, was a resounding success.
The Forum emphasized on 3 themes, with keynotes by industry experts and leaders:
Rabih Dabboussi, GM of Cisco UAE, said that it was clear to him that the IoT and innovation in the industry were changing society already. He described the atmosphere as exciting, inspiring and revealing.
Over 25 customers talked about the IoT. Attendees experienced the development of Dubai’s education, healthcare and transport systems hands-on. This included a bus tour to the design district to view the advances in technology and communication, in which the Chairman of the Cisco board John Chambers met with leaders of the country, media and customers in order to speak about the opportunities IoT creates.
Additional events in the forum included:
The closing ceremony celebrated the Forum’s success as well as the winners of the sub-events in the forum.