Source: "To demonstrate its ongoing commitment to the rapidly accelerating Internet of Things market, Cisco (NASDAQ: CSCO) today outlined new investments that support Cisco's goals of developing innovation that contributes to the growth of the Internet of Things.
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Larry Dignan: “It launches Internet of things division, eyes standardization
The effort, launched at Cisco's Internet of Things World Forum in Barcelona, brings together multiple efforts inside the networking giant. Cisco said it will use its Internet of things unit to focus on industry implementations and networking various sensors. According to Gartner, the Internet of things will create economic value for all organizations and sectors and create an additional $1.9 trillion for the economy by 2020. By 2020, 30 billion things will be connected as every product more than $100 will be smart.
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Cisco said that the Internet of things division will be led by Guido Jouret, vice president and general manager of Cisco's Internet of things unit. Jouret's charge will be to continue to develop Cisco networking gear to combine switching, routing, networking, security and embedded networks and tailor them for use in manufacturing, oil and gas, mining, energy and other industries.”
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