Cisco estimates the “Internet of Everything” to be worth up to $613 billion for companies, of which many executives believe can also help information security.
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.