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Digital Business Transformation Starts with Five Key Leadership Questions

While digital disruption is overturning incumbents faster than just about any force in history, many business leaders are not getting the memo.
As I wrote in my previous blog, our recent “Digital Vortex” research found that nearly four in 10 top incumbents will be displaced in each industry due to digital disruption over the next five years. Nevertheless, 45 percent of companies don’t consider digital disruption a board-level concern.

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Making the Right Connections Opens New Doors to Digital Business Success

Making the Right Connections Opens New Doors to Digital Business Success

The digital transformation of business isn’t just about the connection of things, though those connections are certainly important.  Industrial or IT automation can take many forms, whether it’s connections between people, the connections between people and things or, perhaps most importantly, the processes that that enable connections of all kinds to happen quickly and intelligently. Without order, digital business transformation runs the risk of becoming digital chaos.   What’s most essential in every case is creating the desired business outcome.

Hyper-Distribution: Billions of Connections Shouldn’t Mean Billions of Headaches

But connecting all these things isn’t easy.  50 billion things are projected to be connected to the Internet by 2020. Along with this hyper-distribution of things also comes the hyper-distribution of data.  No longer is data only found in large centralized warehouses – it is being dynamically captured and acted upon at the edge of the network to respond to events in real time.

Organizations are struggling with the management of business processes in this expanding, hyperconnected world. Value chains are increasingly global, yet the decisions that need to be made are becoming increasingly local — and they need to be made in real-time.  Hyper-distribution is fragmenting traditional business processes. Dealing with this growing complexity was identified as the number one IoT management challenge in a 2014 business study.

Not surprisingly, companies are being forced to re-imagine their processes and many are turning to software to turn what is being imagined into business reality.  And they are calling upon new forms of automation and analytics to do it. Real business transformation will only occur when things connect with both people and process to turn information into actionable intelligence.  Automation facilitates the new connections.  Analysis gives the connections new meaning. Da Vinci instructs us, “Simplicity is the ultimate sophistication.”  Finding ways to make the increasingly complex world of hyperconnectivity both simple to understand and simple to implement is the ultimate challenge for the networking industry.

What do I mean by hyper-distributed business process? Let’s take a look Read More »

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Tomorrow’s IoT Women Rock Stars

Whoever said, “Youth is wasted on the young,” didn’t meet the next generation of innovators. This year’s winners of the IoT World Forum Young Women’s Innovation Grand Challenge demonstrated amazing technical and industry know-how – plus a whole lot of heartfelt social awareness – far beyond their years. They’re not wasting any time at all!

Meet the Internet of Things (IoT) innovation rock stars of tomorrow.

The Grand Challenge connected with a highly diverse group of 1,500 girls aged 13-18 who submitted 400 entries from 171 countries.  I was overwhelmed by the maturity of their proposals, which were focused on leveraging IoT technology to improve how we live, work, play and learn in a wide range of industries.

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With Digital Transformation, Banks Can Be the New Disruptors

As a connected consumer, I can buy a book, plan a vacation, or choose a movie from any number of devices and from any location (home, office, car, or airport!). These interactions are not only convenient, they are more and more highly personalized and tailored to my likes and dislikes. We have all experienced this on Amazon and other commerce sites.

Unfortunately, we don’t get this experience from many banks.

In a Cisco survey of more than 7000 smartphone users and bank customers in 12 countries, 43 percent said that their primary bank did not understand their individual needs. Bank customers in China (54 percent), Brazil (52 percent), Mexico (49 percent), and India (46 percent) felt even more disconnected (see chart below).

Source: Cisco Consulting Services, 2015

Source: Cisco Consulting Services, 2015

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Fog Analytics: Turning Data into Real-Time Insight and Action

The world is awash in data, and 90 percent of it was created in the last two years.1 In fact, every day we create 2.5 quintillion bytes of data2 and that number is growing exponentially. The explosive growth of the Internet of Things (IoT) promises to add to this data glut, with 40 percent of all data coming from sensors by 2020.3 Today, a jet engine may generate 1 terabyte of data in a single flight,4 and a major global retailer collects 2.5 petabytes of customer day each hour.5 Yet 99.5 percent of all this data is never used or analyzed.6

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