Bulletin

£100bn leg up from Internet of Things

digital world

The latest wave of the Internet of Things could be worth £100bn to UK start-up companies within 10 years, according to IT group Cisco. The 'Internet of Everything' is defined by Cisco as the business of connecting people, processes, data and devices without the need for human interaction to create a more efficient digital world. It includes smart fridges that can place an online order for staples such as milk or eggs when supplies run low; remote monitoring systems for the elderly; and sophisticated tagging devices that monitor endangered species to protect them from poachers. Healthcare businesses could generate over £48bn from the IoE, according to Cisco, as a result of wearable technology which can transmit data about heart rate, blood pressure and oxygen levels automatically. Retail start-ups also stand to make £37bn from IoE, the report found. Transport companies will generate £11bn from the trend, and energy start-ups £7bn. Phil Smith, chief executive of Cisco UK and Ireland, commented: 'The new industrial revolution starts here.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?