Cisco CEO: 'Internet of Everything' will be next IT platform
Orlando, Fla.-- The "Internet of Everything" will become the IT platform of the future, predicted John Chambers, chairman and chief executive officer of Cisco (Nasdaq: CSCO).
"Over the next five years, IT will be so deeply embedded in every business process regardless of industry you won't recognize the difference between business models and IT," he told a packed house at the Gartner Symposium ITxpo being held here.
Chambers cautioned chief executive officers not to put their foot on the brake because of economic stagnation. If they do, he said, they will miss the coming IT inflection point and will do a disservice to their customers as well as society.
The Cisco head also warned the government not to start regulating the Internet and the IT. "There is a real danger from regulation," he said, because it discourages innovation and picks winners and losers.
Chambers said Cisco was moving on the software front and would like to double software revenues over the next five years.
Although Chambers recommends against setting cloud expectations too high, his company released a report on Tuesday that predicts global cloud traffic will grow sixfold--a 44 percent combined annual growth rate (CAGR)--from 683 exabytes of annual traffic in 2011 to 4.3 zettabytes by 2016.
Overall, global data center traffic will grow fourfold and reach a total of 6.6 zettabytes annually by 2016, according to the annual Cisco Global Cloud Index report.
The vast majority of the data center traffic is generated by data centers and cloud-computing workloads used in activities that are virtually invisible to individuals, Cisco explained. For the period between 2011 and 2016, Cisco forecasts roughly 76 percent of data center traffic will stay within the data center and will be largely generated by storage, production and development data.
An additional 7 percent of data center traffic will be generated between data centers, primarily driven by data replication and software/system updates. The remaining 17 percent of data center traffic will be fueled by end users accessing clouds for Web surfing, emailing and video streaming, Cisco said.
- see Cisco's Cisco Global Cloud Index report