Barcelona will open the doors to an IoT Innovation Lab in 2016 as Cisco hopes to play an integral role in future smart cities.

Sarah Thomas, Director, Women in Comms

July 22, 2014

3 Min Read
Cisco to Open 3 More IoT Innovation Labs

CHICAGO -- Cisco will open the doors to three more innovation centers focused on the Internet of Everything (IoE) as it looks to take a chunk of the $19 trillion opportunity it sees in connecting, well, everything.

Cisco Systems Inc. (Nasdaq: CSCO) announced its newest Innovation Center, to be based in Barcelona, on Tuesday at an event in Chicago, but with some help from the Spanish city's CIO Manel Sanroma, who joined via a telepresence link. The center will focus on research and tech development around the IoE for smart cities.

IoE, by the way, is Cisco's term for connecting all manner of devices, as well as using the massive amounts of data they generate to create business value. Others call this concept the Internet of Things (IoT), a term first coined by Kevin Ashton way back in 1999. Whatever you want to call it, the idea has been enabled by the rise of machine-to-machine (M2M) communications.

Want to know more about IoT? Check out our dedicated IoT content channel here on Light Reading.

Cisco sees this IoE/IoT/M2M market being worth $19 trillion over the course of the coming decade. As such, it is building these innovation centers to tap into new opportunities, sell more of its equipment and consulting services, and accelerate growth in the industry, in general.

The networking giant has also committed to funding startups in the space. Kip Compton, Cisco's brand new VP of engineering and GM of the IoT business group, said it all comes back to connectivity, something in which Cisco has a major stake. (See Cisco's IoT Leader Finds Other Things to Do, Cisco Investments Gets $150M Boost, and Chambers Caught in 90s Deja Vu.)

"By funding companies, we hope to accelerate the market," Compton said. "We hope to bring together solutions for our customers with partners more quickly. All that feeds into the product and technology teams I lead to make sure were building the right core technologies to support all of this."

Barcelona's 1,720 square foot Innovation Center will open in the summer of 2016 (in time for Mobile World Congress 2017!). Cisco also has facilities in Rio de Janeiro, Brazil, and Songdo, South Korea, as well as two in development in Germany and Canada. The company also plans to invest close to $30 million in the facilities, with funds going towards IT equipment and the hire of engineering, app development, and research staff from 2015 to 2020.

In Barcelona, the center will serve two purposes: a lab at which partners can design new smart city services, such as location-based analytics, parking improvements, energy management, and safety; and a showcase for Cisco's own technology for smart cities, including its Smart+Connected Communities platform.

"When you look at how you want your city to be in the future, you apply technology in a way that will help it grow into that," Barcelona's Sanroma said. "We saw that IoT was the way ahead, and we decided to bet on it."

— Sarah Reedy, Senior Editor, Light Reading

About the Author(s)

Sarah Thomas

Director, Women in Comms

Sarah Thomas's love affair with communications began in 2003 when she bought her first cellphone, a pink RAZR, which she duly "bedazzled" with the help of superglue and her dad.

She joined the editorial staff at Light Reading in 2010 and has been covering mobile technologies ever since. Sarah got her start covering telecom in 2007 at Telephony, later Connected Planet, may it rest in peace. Her non-telecom work experience includes a brief foray into public relations at Fleishman-Hillard (her cussin' upset the clients) and a hodge-podge of internships, including spells at Ingram's (Kansas City's business magazine), American Spa magazine (where she was Chief Hot-Tub Correspondent), and the tweens' quiz bible, QuizFest, in NYC.

As Editorial Operations Director, a role she took on in January 2015, Sarah is responsible for the day-to-day management of the non-news content elements on Light Reading.

Sarah received her Bachelor's in Journalism from the University of Missouri-Columbia. She lives in Chicago with her 3DTV, her iPad and a drawer full of smartphone cords.

Away from the world of telecom journalism, Sarah likes to dabble in monster truck racing, becoming part of Team Bigfoot in 2009.

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