I spend a lot of time with manufacturing leaders around the world and often our conversations focus on innovation. It used to be that innovation was simply about creating a great product. Now, in a climate of profound digital disruption and intense global market pressures, business model innovation is just as important. As a result, many manufacturers are exploring service-oriented revenue models to rise above the competition.
Shifting from a traditional focus on products to a service-oriented strategy can change the game by creating opportunities for new and significant revenue streams for your organization. It provides a pathway to expanding your portfolio to include value-added offerings that allow you to charge for business outcomes —such as performance or uptime — rather than physical assets. Read More »
Technology innovations fueling the mass digitization of countries, cities and companies are reignited today with the highly anticipated opening of Cisco Innovation Centre Toronto – the first in North America and ninth worldwide.
Yes, the opening created a Big Bang in our expanding universe of Innovation Centers made possible by the Internet of Things (IoT). Toronto – North America’s fourth largest city – is the perfect catalyst for innovation.
Why? There are multiple calculations, proof points and experiences that help determine the right hubs for incubating, co-creating and prototyping innovations that can be applied locally and scaled globally. All the complex ingredients seem to converge quite neatly in Toronto.
In my last post I talked about companies that are digitizing themselves, and the critically important role of software. When we think about IT and software, we often think of large enterprises and software that resides on servers. But in this new age of the software-centric company, software can live anywhere.
Software is enabling companies to innovate rapidly, and deliver new features and capabilities to customers quickly and cost effectively. Silicon Valley automaker Tesla is widely recognized for transforming the automotive world with its game changing electric cars. But according to the company’s CEO, Tesla isn’t just a car company. It’s a software company.
“Tesla is a software company as much as it is a hardware company. A huge part of what Tesla is, is a Silicon Valley software company.” – Elon Musk, CEO of Tesla, Bloomberg Business, Oct. 2014
And the Tesla Model S is much more than a car. Read More »
The 2015 NFL regular season is in the books, but there is more football still to be played at Sports Authority Field at Mile High, as the Denver Broncos look to defend their home turf in search of a Super Bowl Championship. With their title hopes at stake and a stadium full of passionate fans ready to cheer them on, the state-of-the-art mobile connectivity and video technology in place at Sports Authority Field will be put to the test like never before.
Understanding that today’s sports fans demand an unprecedented level of connectivity, convenience and engaging digital content, the Denver Broncos turned to Cisco Connected Stadium Wi-Fi and Cisco StadiumVision in order to deliver a top-notch in-stadium experience for patrons, as well as a richer sponsorship opportunity for advertising partners.
Utilizing more than 1,200 displays throughout the facility, Broncos fans remain connected and engaged with relevant event information, promotions, immersive HD videos and more.
Happy Disruptive New Year! As 2016 promises to unleash digital innovations across industries, let’s pause for a moment and ask ourselves: What are some of the common triggers of this disruptive transformation to digitize business and society?
Three that immediately spring to my mind are: the Internet of Things (IoT), Robotics and Drones. On the surface, they all appear to be different dimensions of the upcoming technology revolution, but the moment we dig deeper, we discover a fascinating connection. They are all triggers or change agents for digital transformation through their connection with the Internet.
If we analyze historical facts, only about 12% (61 out of 500) of Fortune 500 companies in 1995 were still around in 2014. Today, 40% of the companies on the Fortune 500 list will either not exist or become irrelevant in the next decade. Professor Richard Foster from Yale University estimates that by 2020, more than three-quarters of the S&P 500 will be companies that we have not heard of yet. Another proof of today’s accelerated pace of change is the fact that “the average lifespan of a company in the S&P 500 index has decreased by more than 50 years in the last century, from 67 years in the 1920s to just 20 years today,” according to Professor Foster’s BBC Business Interview in 2012. Read More »