Internet of Business speaks to Cisco executive and bestselling author Maciej Kranz about his IoT forecast for 2018.


Internet of Business speaks to Cisco executive and bestselling author Maciej Kranz about his IoT forecast for 2018.

Cisco published its sixth annual Global Cloud Index report, providing a forecast into how cloud is set to evolve in the period from 2015-2020. The big top-line highlight for the report is that Cisco is now forecasting that by 2020, cloud traffic will represent 92 percent of all data center network traffic.

The move will cost $700 million but is ultimately hoped to increase profits.
Cisco Systems plans to lay off about 7 percent of its global workforce in a restructuring that will see it further focus on hot IT areas such as the internet of things, security, collaboration, next-generation data centers, and the cloud.

Cloud computing is all the rage right now, on track to be a $10 billion business for Amazon in 2016; Microsoft hopes it will become a $20 billion business by 2018, and Google thinks it will become bigger than its internet ad business by 2020.
So what comes after the cloud? If you ask Cisco, it’s something called “fog computing.”

For some time now, futurists have imagined an “Internet of things” where everything from vehicles to appliances are part of one big network. Two decades ago, it seemed like a fanciful idea. Today, it looks inevitable. All the pieces are in place, and some of them are already connected.
The hardware and software company will invest 1 billion USD over the next two years to build its expanded cloud business. Their cloud will be the world’s first truly open, hybrid cloud.
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