NEW YORK (
(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.
Written by Chris Ciaccia in New York