Cisco specializes his company in the Internet of Things
The Internet of Things should represent more than 2 billion connected objects by 2017 and profits amounting to around 14,000 billion dollars. A growing market, that the company Cisco doesn’t want to ignore by creating “Cisco IoT.”
Cisco, the worldwide leader in networking that transforms how people connect, communicate and collaborate, wishes to participate in the development of the “Internet of Things”. Indeed, the company wants to put the odds on his side to win market share in this sector which has a bright future in the world.
The growing trend of communicating objects and possible uses of these new technologies demonstrate the potential of this technology business sector. With its new entity dedicated to the Internet of Things named: IoT Cisco, Cisco demonstrates the company’s strategic commitment to growth and reflects the skills of the manufacturer.
Composed of different departments of Cisco’s activity areas (transport, industry, smart grids, smart cities …), the unit of about 500 people, should strengthen the skills of the company and enable it to provide products and services in this promising sector.
A budget of $ 200 million has been allocated to this particular promising unit, with a significant part devoted to research and development.
Presented as the next growth area, the Internet of things is a business opportunity and a competitiveness chance for companies, and the big ones in the technology will not leave out the potential benefits.