The Internet of Everything (IoE)
Cisco is the company credited with devising and popularising IoE. Cisco defines IoE as "the intelligent connection of people, process, data and things." IoE combines machine-to-machine (M2M) communication with both machine-to-people (M2P) and technology-assisted people-to-people (P2P) communication. In other words, “everything” joins the network.
A good example of IoE in action is the Proteus Pill, an “intelligent” pharmaceutical tablet-capsule which contains a sand-sized ingestible sensor chip. The chip, which is powered by body fluids, is designed to signal a doctor’s smartphone when a patient takes their medication – ensuring treatment compliance. The Proteus Pill, which is the brainchild of Proteus Digital Health, is currently undergoing clinical trials with the Food & Drug Administration (FDA) in the United States.
Besides healthcare, IoE is making its mark in other areas such as transportation (smart cars), energy (smart grids) and manufacturing (smart factories). It’s estimated that IoE will generate $14.4 trillion of economic value globally over the next 10 years.