Taipei, May 7 (CNA) Cisco Systems Inc., the world's largest maker of networking equipment, said Tuesday that Taiwan should improve its broadband infrastructure to create more business opportunities.
Padmasree Warrior, chief technology and strategy officer of U.S.-based Cisco, told a media briefing in Taipei that good broadband infrastructure is important to help her company's customers and suppliers in Taiwan to have the ability to distribute solutions through the Internet.
A well-established broadband environment can "transform industries" and "allow companies to have innovative power" in various sectors, such as medical, education and manufacturing, Warrior said when asked to give advice to the local government.
For example, she said, manufacturing companies can reduce costs by using automated machines, as well as improve product quality by using smart and connected sensors to monitor production conditions.
Warrior made the remarks on the sidelines of the "Cisco Connect" seminar in Taipei, which attract more than 1,000 participants, including enterprise representatives, industry partners and technology vendors.
Frank Wu, general manager of Cisco Taiwan, said at the media briefing that Cisco has introduced its wireless technology to some local semiconductor companies, which see it as a key to improving their work efficiency and product quality.
"We will continue our efforts to help Taiwanese companies in their transition to automated factories," Wu said.
According to a Cisco white paper, the next wave of dramatic Internet growth will come from the confluence of people process, data and things -- dubbed the age of "the Internet of Everything."
The Internet of Everything economy is forecast to create value of US$14.4 trillion through the combination of increased revenues and lower costs from 2013 to 2022.
Further, Cisco estimates that the number of worldwide devices connected to the Internet will jump from 200 million units in 2000 to 50 billion units in 2020, driven by advances in mobile technology and the trend of people bringing their own devices to the office.
(By Jeffrey Wu)ENDITEM/J