The overall Value at Stake in the public sector in Bulgaria is estimated at $2.8B. It will result from Internet of Everything's (IoE’s) ability to help public-sector organizations manage assets, optimize performance, and create new business models. Cisco’s economic analysis estimates that 70 percent of that value will come from agency-specific implementations, while 30 percent will derive from cross-agency use cases.
The five primary drivers of IoE Value at Stake for the public sector are:
1) employee productivity
2) connected defence
3) cost reduction
4) citizen experience
5) increased revenue. More than two-thirds of IoE’s Value at Stake for the public sector (69 percent) will be powered by citizen-centric connections (person-to-person, machine-to-person or person-to-machine). Cities will generate almost two-thirds (63 percent) of IoE’s overall public-sector value at stake.
Considering the specific opportunities of Bulgaria in the energy industry, new opportunities around IoE-enabled smart grid and “smart building” strategies can reduce costs while generating a positive environmental impact. IoE enabled tourism with technologies like mobile collaboration and connected marketing and advertisement can encourage the generation of new revenue streams for targeted advertisement and provide more choices for users and customers. Bulgaria’s agriculture industry has been one of the country’s strongest, and is culturally and emotionally woven into the way of living of Bulgarian people. Using smart sensors and other networked and Big Data technologies can help to improve food quality and quantity and ecological control. It can be used to create higher returns for a variety of agricultural products and segments and can open new opportunities for jobs and markets. Smaller countries, which are nimbler and have fewer barriers to change, may provide leading examples for more established economies to follow, showing what can be done with high-level leadership that is committed to improving public services and private sector efficiency.