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50 billion devices will be Internet-connected by 2020

Abdul Basit Chief Reporter
Filed on April 17, 2015

The Trend Report, which estimates that there will be 50 billion devices connected to the Internet by 2020 compared to 15 billion today, looks at the potential impact this technological revolution will have on business.

Dubai — It is estimated that $8 trillion will be generated through new connections over the next decade as devices connected to the Internet will witness more than a 200 per cent increase to 50 billion by 2020.

This was revealed in a new ‘Trend Report’ that focuses on the Internet of Things (IoT) and was jointly released by logistics services provider DHL and global IT company Cisco at the DHL Global Technology Conference in Dubai on Wednesday.

50 billion devices will be Internet-connected by 2020 (/assets/oldimages/cisco_0415.jpg)

Executives from DHL and Cisco discussing new technology trends in logistics at a conference in Dubai on Wednesday. — Supplied photo 

“There is huge potential for countries to further increase their connectedness and prosper through trade, integration and technology. We believe the Internet of Things will be a primary enabler of this global transformation,” Ken Allen, CEO of DHL Express and Board Sponsor Technology, said.

The Trend Report, which estimates that there will be 50 billion devices connected to the Internet by 2020 compared to 15 billion today, looks at the potential impact this technological revolution will have on business.

The combination of increased revenues and lower costs when companies and industries introduce new connections reveals the huge potential when the Internet and networks expand their connections to warehousing, freight transportation and other elements of the supply chain.

For any organisation with a supply chain or logistics operations, the IoT will have game-changing consequences — from creating more ‘last mile’ delivery options for customers to more efficient warehousing operations and freight transportation.

According to Cisco, the IoT will generate $8 trillion worldwide in value at stake over the next decade. This will come from five primary drivers: innovation and revenue ($2.1 trillion); asset utilisation ($2.1 trillion); supply chain and logistics ($1.9 trillion); employee productivity improvements ($1.2 trillion); and enhanced customer and citizen experience ($700 billion).

“Digitisation and the expansion of the Internet of Things is a catalyst for growth, which is enabling organisations to remain competitive and embrace the pace of change happening globally. This report clearly demonstrates that digitisation and the IoT will deliver long term efficiencies and growth opportunities across a wide range of industries,” said Chris Dedicoat, president, EMEAR for Cisco.

According to the report, over the next decade, the logistics industry could unlock higher levels of operational efficiency as the IoT connects in real time millions of shipments being moved, tracked and stowed each day.

In warehousing, connected pallets and items will be a driver for smarter inventory management. In freight transportation, tracking and tracing of goods becomes faster, more accurate, predictive and secure.

— abdulbasit@khaleejtimes.com





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