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1/16/2014
12:28 PM
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Internet Of Things: 8 Cost-Cutting Ideas For Government

Cisco says tech's new trend darling could mean $4.6 trillion in savings and revenue to governments worldwide during the next 10 years. Examine the ideas.
2 of 9

1. Smart Parking 
Potential 10-Year Value: $41 billion
Smart parking systems would provide real-time visibility into the availability of parking spaces across a city.  Residents could identify and reserve the closest available spaces. Traffic wardens could recognize non-compliant usage. And municipalities could introduce variable pricing.

• New things created: Connected parking spaces, parking meters
• New data flows: Space availability
• Process innovation: Pricing and payments, enforcement, finding parking spaces
• People impact: Traffic wardens, citizens, drivers, city planners
The potential value from the Internet of Everything would come from a projected 30% increase in compliance, the sale of city data, reduction in traffic congestion, and increased revenue from dynamic pricing.
Source: Cisco Consulting Services
Image: Wikimedia Commons

1. Smart Parking
Potential 10-Year Value: $41 billion

Smart parking systems would provide real-time visibility into the availability of parking spaces across a city. Residents could identify and reserve the closest available spaces. Traffic wardens could recognize non-compliant usage. And municipalities could introduce variable pricing.

• New things created: Connected parking spaces, parking meters

• New data flows: Space availability

• Process innovation: Pricing and payments, enforcement, finding parking spaces

• People impact: Traffic wardens, citizens, drivers, city planners

The potential value from the Internet of Everything would come from a projected 30% increase in compliance, the sale of city data, reduction in traffic congestion, and increased revenue from dynamic pricing.

Source: Cisco Consulting Services

Image: Wikimedia Commons

2 of 9
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Laurianne
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Laurianne,
User Rank: Author
1/16/2014 | 1:48:53 PM
Road pricing
Dear Cisco and city government leaders: Most people are not going to like the thought of automated parking tickets and special tolls for high-traffic roads.   
Thomas Claburn
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Thomas Claburn,
User Rank: Author
1/16/2014 | 4:38:26 PM
Re: Road pricing
The Internet of Everything means the Surveillance of Everything. Many of our assumptions are based on imperfect, leaky systems. For example, we accept speeding tickets but we count on being caught only occassionally. Speed limits look very different when the ticket arrives in an email the instant the limit is exceeded and the car is disabled until payment is tendered. That too is the Interent of Everything. It doesn't appeal to me.
Stratustician
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Stratustician,
User Rank: Ninja
1/21/2014 | 10:07:52 AM
Re: Road pricing
I agree @Laurianne, I have a feeling if these systems become connected that they will become harder to dispute as there are no actual humans to interact with, as sometimes, especially when it comes to parking, there are circumstances which might affect the legitimacy of a ticket.  If we are now subject to "to the second" parking expiration, sure the government could make a lot of money, but at what cost to the rest of us?
WKash
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WKash,
User Rank: Author
1/21/2014 | 8:32:24 PM
Re: Road pricing
Watching the way people skirt toll roads now, it'e easy to imagine that variable pricing strategies may not generate the revenues municipalities think.  Toll rage may become the new road rage.
sam masud
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sam masud,
User Rank: Strategist
1/16/2014 | 2:07:33 PM
No way
How can Cisco--or anyone--put out any numbers with confidence regarding the IoE market or much would be saved with IoE?
Brian.Dean
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Brian.Dean,
User Rank: Ninja
1/16/2014 | 3:46:39 PM
Re: No way
I take that the figure of $4.6 trillion is only looking at the direct savings and only towards things that have already been implemented or implementable in the near future however, the indirect saving would be far beyond this estimate and if we take into account devices that have not yet been imagined than there is no telling just how much these connected things will save in the long run in the IoT.

It is good that connected learning is estimated to save at least $258 billion. I just hope that connected learning also provides the ability to learn in a much more efficient manner in terms of time spent to complete a semester.  
WKash
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WKash,
User Rank: Author
1/16/2014 | 4:10:10 PM
How did Cisco arrive at $4.6 Trillion?
Not surprisingly, folks are wondering... "How did Cisco calculate the $4.6 trillion of public-sector Value at Stake for the next 10 years?"

Cisco's FAQ page on the study doesn't shed a lot of light on its assumptions, or its calculations, but here's what they do say:
"Cisco calculated the IoE Value at Stake for the public sector by taking a bottom-up approach considering the value created by 40 use cases — both agency-specific and cross-agency. Top-down analysis was also performed as a cross-check to validate the completeness and order of magnitude of the more thorough bottom-up approach. Finally, care was taken not to double-count value across use cases.
 
"IoE Value at Stake is based on net value: for each use case, we considered both the connections benefits
and costs. Our use cases reflect the projected result of the application of technology — in this case, public-sector transformation driven by the Internet of Everything. Cisco's Value at Stake calculation encompasses both agency-specific and cross-agency use cases."
 
Here are more details from its FAQ page:
http://internetofeverything.cisco.com/sites/default/files/docs/en/ioe_value_at_stake_public_sector%20_analysis_faq_121913final.pdf
 
David F. Carr
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David F. Carr,
User Rank: Author
1/17/2014 | 10:23:32 AM
Add on module
I want a an add-on to the water meter that ties into our home intercom and yells at the kids when they're taking too long in the shower.

Just sayin'
michalbonino
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michalbonino,
User Rank: Apprentice
1/22/2014 | 12:53:41 PM
Re: Add on module
Why yell. Just program the water in the shower to stop after a certain time period or else change to all COLD!
WKash
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50%
WKash,
User Rank: Author
1/27/2014 | 4:23:12 PM
Boundaries needed
One thing gravitating toward the center of the Internet of Things is our cars.  Interesting to note Ford Motor Co. CEO Alan Mulally, speaking on behalf of the automotive industry, called on Congress last week to set clearer legislative boundaries for the auto industry to protect drivers' privacy as more cars utilize data for location tracking and other services.
WKash
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50%
WKash,
User Rank: Author
1/27/2014 | 4:23:14 PM
Boundaries needed
One thing gravitating toward the center of the Internet of Things is our cars.  Interesting to note Ford Motor Co. CEO Alan Mulally, speaking on behalf of the automotive industry, called on Congress last week to set clearer legislative boundaries for the auto industry to protect drivers' privacy as more cars utilize data for location tracking and other services.
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