Given the breakneck pace of technology change, business leaders can be forgiven for feeling as if they are living in a vortex. That’s because, in many ways, they are.
In a real vortex, rotational forces draw everything to the center, where objects collide and combine in unpredictable ways. To me, that sounds like business as usual in the Internet of Everything (IoE) era.
The Digital Vortex is the inevitable movement of industries toward a “digital center” in which business models, offerings, and value chains are digitized to the maximum extent possible. The result is “components” that can be readily combined to create new disruptions that blur the lines between industries.
Digital Disruption by Industry. Source: Global Center for Digital Business Transformation, 2015
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Tags: Cisco, digital business, digital disruption, Digital transformation, digital vortex, IMD, Internet of Everything, IoE, Joseph Bradley
In the past couple of years, I have been delighted to see how the digital revolution has accelerated the pace of innovation at warp speed. It has been even more gratifying, however, to experience how this trend has disrupted traditional relationships between technology suppliers and their customers.
Today, the most successful suppliers and customers have become more like trusted partners co-innovating solutions together. Fading fast are the days when the relationship between seller and buyer consisted of a handshake and a few check-in calls before re-engaging again when contract renewals came up. Read More »
Tags: Alex Goryachev, chuck robbins, data analytics, Internet of Everything, IoE, IoE Innovation Center, john chambers, Peter Diamandis
We’ve all seen how connected products can transform industries in areas like home energy management and personal health, and manufacturing is no exception. When products communicate back to their original makers, the manufacturers can detect production flaws well before customers would need to raise warranty claims. Further, product usage data can become the core of value delivered to the customer. Now that we have Fitbit and Jawbone UP, would you ever consider buying a traditional pedometer whose only method of telling you steps is on an LCD display? These ideas can be applied to machines on the factory floor too.
In a previous blog post on the Connected Factory, I shared how Cisco’s validated designs combine best practices from operational technology (OT) and IT into robust and secure networks. I also addressed how wireless connectivity can enable a more effective workforce and how digital transformation with real-time production analytics improves quality. Read More »
Tags: Cisco, Cisco Connected Factory, Digital transformation, Internet of Everything, internet of things, IoE, IoT, Manufacturing, Tony Shakib
At Cisco, we have invested significant time, money and resources into igniting innovation around the Internet of Everything (IoE) both inside and outside the company.
Since fostering an innovation ecosystem is so critical to the success of IoE, last year we launched the global Innovation Grand Challenge. The risk-reward ratio was high, but with a lot of hard work – at Cisco and with partners — the Challenge was a resounding success by all accounts: more than 1,000 entries from 171 countries.
The winners were announced at the IoT World Forum in Chicago last October, and they received not only prize money, resources and mentorships – but also valuable publicity. Driven by the success of the initial Challenge, the IoTWF Steering Committee recently decided to launch a second Innovation Grand Challenge, and this year’s winners will be announced in December at the World Forum in Dubai. Read More »
Tags: Grand Challenge, innovation, Internet of Everything, IoE, IoT, IoTWF
Manufacturing is entering a new digital era, with more opportunity for mass customization, reduced downtime, and increased innovation. Manufacturers are capturing the value of the Internet of Everything (IoE) by becoming digital. Many are taking their first steps in this transformation by adopting Ethernet to connect plant floor devices to better manage operation and supply chain workflows, improve efficiency, and reduce costs. This digital transformation, however, creates greater exposure to cyberattacks. As a result, mitigating security threats has never been more important. Read More »
Tags: Cisco Connected Factory, Cisco Security, Digital transformation, Internet of Everything, internet of things, IoE, IoT, Manufacturing, Tony Shakib