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The Internet of Things is a sub-set of what’s called the ‘Internet of Everything’. Whereas IoT is fundamentally about machines talking to machines (or M2M in geek parlance), IoE also includes machines talking to people (M2P) and people talking to people (P2P). This is the ‘big picture’ for tomorrow that’s starting to take shape today. Imagine wearing a gadget that monitors a range of your biometrics, constantly feeding those results to other machines that analyze your wellbeing. Earlier detection of cancers, signs of mental stress, risk of stroke or Alzheimer’s disease? All possible.

What about entering a store where the staff immediately address you by name, know your preferences and tastes and can steer you towards new products designed around you?

Cisco estimates that the Internet of Everything has a ‘Value at Stake’ (read potential net profit) of around US$19trn over the next decade. This isn’t some science-fiction future. It’s happening now – and smart businesses aren’t just considering the potential – they’re bringing it to life. Increasing revenue from innovation, improving asset utilization, boosting employee productivity, streamlining logistics or reinventing the customer experience, the Internet of Everything is set to transform small businesses and multi-nationals in the years ahead. Potentially, this is the greatest quantum leap in commerce since the industrial revolution. Will you be ready to take ‘Everything’ on board?