The Center for Public Policy Innovation Publishes Special Report on the 'Internet of Everything'

Experts Believe Smart Policy Will Lead to Successful Adoption of this Next Wave of Global Innovation

WASHINGTON, Nov. 18, 2013 /PRNewswire-USNewswire/ -- Today, The Center for Public Policy Innovation (CPPI), a not-for-profit educational think tank, published a special report on the economic, societal, and environmental promise offered by the 'Internet of Everything' (IoE) and policy areas impacting this next wave of global innovation, worth an estimated $14.4 trillion over the next decade. The report follows CPPI's November 7th public policy forum, Futurist Policy Initiative: Internet of Everything, co-sponsored by Cisco, a world leader in Internet of Everything thought leadership. US Senator Mark Warner of Virginia delivered keynote remarks, underscoring the role of smart policy in fostering IoE innovation and deployment. Jeffrey Campbell, Vice President of The Americas of Global Government Affairs at Cisco, moderated the first of its kind policy discussion with: Ramtin Attar, Principal Research Scientist at Autodesk, David Malkin, Director of Government Affairs and Policy for Digital Energy at GE, and world renowned IoE expert Dan Caprio of McKenna Long & Aldridge (and Member of the European Commission Expert Group on the Internet of Everything). The panel spoke before an audience of congressional staff, federal agency officials, industry experts, and the media, sharing important examples of how IoE will revolutionize various industrial sectors while identifying critical policy areas impacting the success of IoE.

The forum marked the launch of CPPI's Futurist Policy Initiative, a series of programs dedicated to educating policymakers on transformational technology. "We decided to begin our Futurist Policy Initiative by focusing on the Internet of Everything because so many of the exciting innovations on the horizon, from autonomous vehicles, to game changing advances in health and IT, are a part of the IoE phenomenon," remarked CPPI President, Chris Long.

Key findings from CPPI's special report include:

• The Internet of Everything (IoE) represents a revolution in connectivity that's happening right now. IoE is defined as the bringing together of people, process, data, and things to make network connections more relevant and more important than ever before.
• IoE represents the cutting edge of the next global wave of innovation. Cisco estimates that by 2015 there will be 25 billion devices connected to the Internet, and 50 billion by 2020. Furthermore, analysis by Cisco estimates that there is as much as $14.4 trillion of potential economic value at stake for global-sector businesses over the next decade.
• GE estimates that the 'Industrial Internet' or IoE will save industry as much as $150 billion annually through greater efficiency.
• IoE will impact a variety of sectors including healthcare, manufacturing, transportation, and education among others.
• IoE will usher in a new era of innovation, leading to new business formation and jobs creation in decades to come.

Key policy areas surrounding IoE:

Spectrum. In order for IoE to succeed, more spectrum is required. Government owns the largest block of spectrum, and as demand for it grows with adoption of IoE, so will the tug of war over it between the public and private sectors.

Privacy & Security. Current privacy principals should be updated to apply global interoperable concepts balanced with the need to accommodate local cultures and governance structures. Policy related to privacy and security should also avoid focusing on hypothetical or imagined harms.

Standardization & Interoperability. To facilitate IoE deployment, interoperability and standards are necessary. Open standards among IoE devices and technology must be driven by industry experts, utilizing the effectiveness of current global standards-setting organizations that involve industry and government collaboration.

CPPI's latest report on IoE can be downloaded from the organization's web site at www.cppionline.org. CPPI is holding an ongoing series of panel discussions over the next year as part of its Futurist Policy Initiative to address policy issues and opportunities brought on by emerging technology.

About the Center for Public Policy Innovation

The Center for Public Policy Innovation (CPPI) is a 501(c)(3) not for profit educational think tank whose mission is to assist government officials in addressing the many challenging issues brought on by the rapid advancement of Information Technology. CPPI provides policymakers with groundbreaking thought leadership on transformational technology, informed policy analysis, and innovative strategies to help ensure American competitiveness in the global economy and comprehensive security on the homefront. Visit CPPI at www.cppionline.org.

SOURCE The Center for Public Policy Innovation