NEW YORK ( TheStreet) -- Cisco (CSCO - Get Report) has unveiled more details of the "Internet of Everything", demonstrating how it can generate additional revenue over the next decade by having many more devices connected to the grid.
The networking giant noted there's the potential for companies to generate as much as $14.4 trillion in revenue over the next decade (2013-2022), as more devices become connected to the grid. Companies are expected to generate at least $631 billion in profits this year (there's an additional $544 billion in value that's left on the table for 2013), so the far majority of the opportunity lies in the years ahead.
Some 21 different use cases make up that $14.4 trillion, including asset utilization ($2.5 trillion), employee productivity ($2.5 trillion), supply chain/logistics efficiency ($2.7 trillion), improved customer experience ($3.7 trillion), and innovation ($3 trillion).
Here's the entire 16 slide presentation, showcasing where Cisco sees opportunity for itself, as well as the technology sector as a whole.Email. Follow @Chris_Ciaccia
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts