Internet of Things World Forum Names Chicago as Host City for 2014
Event; Cisco Announces Internet of Things Innovation Grand
Challenge
Successful Internet of Things World Forum Returns in 2014 to
Address Internet of Things Industry, Challenges, Opportunities and
Next Steps
SAN JOSE, CA--(Marketwired - Apr 10, 2014) - Cisco
(NASDAQ: CSCO) today announced the 2014 return of the Internet of
Things World Forum, a global event that will once again unite
thought leaders, business leaders and practitioners in business,
industry, government and academia to accelerate the development of
the rapidly emerging Internet of Things market. The 2014 Internet
of Things World Forum will be taking place in Chicago, October
14-16, at the Hyatt Regency Chicago.
At the 2014 Internet of Things World Forum, attendees will once
again see examples firsthand of how the Internet of Things is
changing industries worldwide, and hear directly from those who are
changing it. Attendees will also hear predictions about how the
Internet of Things will affect the global economy, and how it has
the potential to address many of the challenges the various markets
currently face.
According to Cisco research, over 50 billion devices will be
connected to the Internet by 2020, creating vast opportunities for
the Internet of Things to transform businesses and industries by
re-inventing business processes, operational efficiencies and
customer service innovations. These opportunities exist in markets
such as manufacturing, transportation, oil and gas, utilities,
healthcare, sports and entertainment, government, education and
retail.
The Internet of Things is the technology foundation of the
Internet of Everything, defined as the networked connection of
people, process, data and things. Cisco estimates the potential
impact from this increased connectivity created by the Internet of
Everything to reach up to US $19 trillion "value at stake" for
businesses and governments over the next nine years.
Internet of Things Innovation Grand Challenge Announced
To further demonstrate its ongoing commitment to drive Internet
of Things innovations, Cisco today announced the Internet of Things
Innovation Grand Challenge for startup businesses. This global open
competition aims to recognize, promote and accelerate the adoption
of breakthrough technologies and products created by startup
businesses that will contribute to the growth and evolution of the
Internet of Things.
Through the Internet of Things Innovation Grand Challenge, Cisco
seeks to inspire and support the next generation of entrepreneurs
and startups that are developing technologies in areas of
applications, analytics, management and connectivity. Submissions
will be accepted beginning April 21 through July 1 at
www.cisco.com/go/iotchallenge with the winners of the competition
selected during 2014 Internet of Things World Forum in Chicago.
Similar to the Internet of Things Security Grand
Challenge that was recently announced by Cisco, three winners
of the Internet of Things Grand Challenge for Startups will share
US $250,000 in prize money that can be used to jumpstart new and
existing businesses that contribute to the Internet of Things
industry.
In addition to the cash prizes, Cisco will also provide winners
with mentoring, training and access to business expertise from
Cisco and other supporting organizations. The winners will also be
provided with the opportunity to develop, test and pilot new
technologies, plus potential investment and partnering
opportunities in the future.
2014 Internet of Things World Forum Sponsors
The second annual Internet of Things World Forum will take place
October 14-16 in Chicago, Illinois. The event will once again bring
together global leaders, professionals and innovators representing
markets such as manufacturing, transportation, oil and gas,
utilities, healthcare, sports and entertainment, government,
education and retail. Sponsors of the 2014 Internet of Things World
Forum currently include the following companies, with many more
sponsors to be named in the months ahead:
- Diamond Level: Rockwell Automation, Schneider Electric
- Platinum Level: Zebra Technologies Corporation
- Titanium Level: Panduit Corp., Siemens AG, TTTech
Computertechnik AG
- Silver Level: Itron
Internet of Things World Forum Steering Committee Event
The Internet of Things World Forum is guided by a steering
committee representing thought leaders from businesses,
universities, cities, and governments. This steering committee is
united by the goal of shaping the Internet of Things World Forum's
agenda to address top market opportunities and challenges that will
influence global, political and environmental issues.
During an event on April 9 and 10, the steering committee will
finalize the objectives and success criteria for this year's
Internet of Things World Forum, addressing topics that aim to
improve the lives of citizens in broad areas such as health,
education, innovation, transportation, job creation and
security.
Supporting Quotes
"Cisco is focused on bringing together new perspectives,
technologies and solutions that anticipate and address global
customer needs across the broad spectrum of public and private
sectors," said Wim Elfrink, Cisco's executive vice president,
Industry Solutions and Chief Globalisation Officer. "These
objectives align with those of the City of Chicago, which is why it
was selected as the host of the 2014 Internet of Things World
Forum. The City of Chicago is committed to the implementation of
Internet of Everything innovations that will make their city
smarter and more connected, as well as for the location of the city
in the heart of industrial and technology development that is
driving digitalization of manufacturing and industries in
general."
"The Internet of Things is creating a new powerful innovation
cycle spanning across technologies, markets and domains," said
Maciej Kranz, vice president, Cisco Corporate Technology Group.
"Cisco is working with startups, innovators and research
communities to foster technology breakthroughs and to accelerate
their development and adoption via its global network of Innovation
Centers. The Cisco Internet of Things Innovation Grand Challenge is
another example of how we are partnering with the industry to fully
realize the promise of the Internet of Things."
About the Internet of Things World Forum
The Internet of Things is an exclusive event created to unite
global leaders for a collaborative industry discussion that will
accelerate the impact of the Internet of Things on the global
economy, society and the environment. In 2014, this exclusive,
invitation-only event will once again bring together business and
global thought leaders from across industries, technologies, and
geographies that are passionate about igniting innovation and
accelerating the advancement of the Internet of Things for their
organizations and society as a whole.
At the inaugural Internet of Things World Forum that took place
October 29-31, 2013 in Barcelona, more than 800 attendees and 16
partner companies brought together the best and brightest thinkers,
doers, and innovators from business, government, and academia,
making it the largest Internet of Things conference in the
industry.
Supporting Resources
- More information on the Internet of Things World Forum,
including sponsorship: www.iotwf.com
- Cisco's view of the Internet of Everything
- Cisco's view of the Internet of Things
- Cisco white paper on the Internet of Everything "Value at
Stake"
- Cisco white paper: "The Internet of Everything; How More
Relevant and Valuable Connections Will Change the World"
- IoT Innovation Challenge Website
Tags/keywords: Cisco, Internet of Things, IoT, IoE, Internet of
Everything, Wim Elfrink, Chicago, Internet of Things World
Forum
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About Cisco Cisco (NASDAQ: CSCO) is the worldwide leader
in IT that helps companies seize the opportunities of tomorrow by
proving that amazing things can happen when you connect the
previously unconnected. For ongoing news, please go to
http://thenetwork.cisco.com.
Cisco and the Cisco logo are trademarks or registered trademarks
of Cisco and/or its affiliates in the U.S. and other countries. A
listing of Cisco's trademarks can be found at
www.cisco.com/go/trademarks. Third-party trademarks mentioned are
the property of their respective owners. The use of the word
partner does not imply a partnership relationship between Cisco and
any other company.
Cisco Press Contact: Ben Stricker Cisco (408) 527-3199
bstricke@cisco.com Industry Analyst Contact: Malee Dharmasena Cisco
+44 20 8824 6931 mdharmas@cisco.com Investor Relations: Penny Bruce
Cisco (408) 527-2088 pebruce@cisco.com
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