Cisco to build world's largest network of clouds for IoT

NEW DELHI, INDIA: Cisco announced that it has plans to build the world's largest global Intercloud (a network of clouds) together with a set of partners. "The first-of-its-kind open Intercloud, which will feature APIs for rapid application development, will deliver a new enterprise-class portfolio of cloud IT services for businesses, service providers and resellers," the company said in a statement.

Cisco expects to invest over $1 billion to build its expanded cloud business over the next two years. Its partner-centric business model, which enables partner capabilities and investments, is expected to generate a rapid acceleration of additional investment to drive the global scale and breadth of services that Cisco plans to deliver to its customers.

Hosted across a global network of Cisco and partner data centers, the Cisco global Intercloud will offer an expanded suite of value-added application- and network-centric cloud services to accelerate the Internet of Everything. The networked connection of people, data, processes and things, dubbed the Internet of Everything, is expected to be a $19 trillion economic opportunity in the coming decade.

The Internet of Everything movement, which is creating an entirely new set of requirements for globally distributed and highly secure clouds, has empowered Cisco and its partners to initiate the development of a massively scalable, flexible and highly secure Intercloud to deliver the mobile, collaborative and rich video cloud services that enable today's new connected experiences.