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Cisco: 'Internet of Everything' Worth Up to $613B

US, China, Germany to Reap Most Benefits

Cisco says the "Internet of Everything" could bring in at least $613 billion in profits for private companies worldwide in 2013 if businesses optimize networks that connect people, data, process and things.

The IoE Value Index studied 7,500 enterprises and information technology personnel in 12 countries to  Cisco said Wednesday.

Firms that adjust their strategies to take advantage of IoE could generate an additional $544 billion, Cisco said.

"The Internet of Everything has the potential to significantly reshape our economy and transform key industries,” said Rob Lloyd, Cisco's president of development and sales.

"This study shows us that success won't be based on geography or company size but on who can adapt fastest.," Lloyd added.

Fifty percent of business leaders surveyed believe IoE will help improve information security.

Cisco also predicts that the U.S. will realize $253 billion this year through IoE, followed by China at $76.9 billion and Germany at $54.4 billion.

Previous research by the company found global enterprises leveraging IoE to improve operations and customer service could obtain as much as $14.4 trillion over the next decade.

More Stories By Tim Watson

Tim Watson supervises all media production at Executive Mosaic, a digital media company that provides insight, information and analysis on several industries, including government contracting.

He previously produced byline coverage with the economics team at USA Today and evaluated lending proposals for the Overseas Private Investment Corporation.

Tim was born and raised in Washington, DC and holds a bachelor’s degree in Business-Journalism from Washington and Lee University and a certificate in budgeting and finance from Georgetown University's School of Continuing Professional Education.

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