View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 23, 2014

Cisco to invest $30m in Internet of Things campus in Barcelona

The firm is targeting smart cities.

By Amy-Jo Crowley

Cisco is to open what it calls an IoE innovation centre in Barcelona, targeting smart cities as the networking giant looks to increase its footprint in the Internet of Things (IoT) market.

IoE (Internet of Everything) is Cisco’s term for appliances enabled with sensors and assigned their own IP address that connect to the Internet, allowing devices and machines to communicate with each other, interpret information and make intelligent decisions in real-time.

Up to $30m will be invested in the campus from 2015 to 2020, which will be spent on restoring the facilities, and research and tech development for smart cities.

Anil Menon, Cisco’s deputy chief globalisation officer, said the centre will support customers, partners, startups, governments and research organisations.

"These centres represent powerful hubs capable of galvanizing innovative thinking into influential new strategies for defining and building the next iteration of our cities and of our world," he explained.

"For instance, as urban services become connected within cities, unprecedented economic opportunities will follow -leading to a new globalided urban services industry."

Content from our partners
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
How tech leaders can keep energy costs down and meet efficiency goals

The 1,720m2 centre, which will open in summer 2016 in collaboration with Barcelona City Council, will compliment five of Cisco’s other centres focused on the IoT.

The other centres are in Rio de Janeiro, Brazil, and Songdo, South Korea, as well as two undergoing development in Germany and Canada.

The announcement comes a week after the networking firm revealed that number its wireless gateway products are vulnerable to being controlled by hackers.


Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.