With robotics and automation, manufacturers have advanced our industry over the last few decades, driving innovations and improvements in productivity and efficiency that were once only the imagination of science fiction writers and TV/movie producers. Today, however, the next wave of transformation is required—in order to take companies and the industry to even grander levels—with a digital revolution in manufacturing.
Pressures on manufacturers from global market upheavals, changing customer expectations, and digital disruption require companies to take every competitive advantage—at every step in the supply chain and beyond. To meet these demands and market transition, manufacturers must have deep organizational and technological progress, what we refer as digital business transformation.
To explore some of the mounting pressures on manufacturers—and the exciting opportunities to capture new value with digitization—Cisco recently undertook and released a comprehensive research study. This research includes Read More »
Tags: 3D printing, analytics, Chet Namboodri, Cisco, Digital Manufacturing, Digitlal Transformation, internet of things, IoT, Manufacturing, OEE
Sharing recipes among family and friends is a long-standing holiday tradition. I have my own favorite recipe, but it’s not part of an extravagant holiday dinner. It’s my recipe for success in the Internet of Things (IoT).
Over the past six months or so, I’ve discussed in this series of blogs the various elements to consider in an IoT deployment. We have seen that IoT is an essential next step for companies in the 21st century, but it’s also a complex, multidimensional transformation, demanding new skill sets, technologies, and business models. So you may be asking, how do I get started? Here is my recipe for a successful IoT transition. Read More »
Tags: Cisco, Fog computing, internet of things, interoperability, IoT, IT/OT convergence, Real-Time Analytics
Today, industries are colliding and recombining in new ways. These collisions are yielding new competitive forms.
A new paper from the Global Center for Digital Business Transformation (DBT Center), a joint initiative between IMD and Cisco, calls this ‘Value Vampires’ and ‘Value Vacancies.’
Value vampires are companies whose competitive advantage actually shrinks overall market size. These are not garden-variety disruptors that simply take market share from incumbents. Rather, their success leads to a decline in total market revenues or profits—or both. Value vampires create enormous value for customers, combining lower costs with better experiences, but they have the potential to drain their respective markets of revenue and profitability.
Perhaps the most striking example of the value vampire phenomenon has occurred in the recorded music industry, which hit its peak in value in 1999, with $28.6 billion in global revenue. The seeds of disruption had been sown with the advent of the compact disc (CD), which put studio-quality digital files in the hands of everyday consumers. All that was missing to catalyze the reaction was a format that could take that digital file, replicate it, and make it easy to distribute. Enter the MP3 format, which took the large amount of data from the CD, compressed it, and made it transferable. Then along came Napster, a file-sharing service launched in 1999 that enabled consumers to download music for free, and to share their music collection with others. Today, recording industry executives and musicians alike are still struggling to develop new business models to help them retain what value is left in the music industry.
Read More »
Tags: Cisco, DBT Center, digital disruption, digital vortex, Global Center for Digital Business Transformation, IMD, Mike Riegel, value vacancy, value vampire
Connecting more things in more places creates new security challenges. Please join us on November 17, 2015 at 8:00AM (PST) for the IoT System Security webinar and learn how to secure and control IoT with the Cisco IoT System Security.
In this webinar you will hear how the IoT System Security product portfolio delivers secure connectivity, visibility, and control to assure that IoT initiatives deliver a competitive advantage for our customers. And you will learn about the new ruggedized Cisco ISA 3000 and how it provides application visibility, policy enforcement, and threat defense.
You will hear from a great line up of industry experts: Read More »
Tags: Cisco, infosec, internet of things, IoT
Traditionally, incumbent companies have relied on three main competitive advantages to maintain their leadership positions over newcomers: 1) large customer bases, 2) strong brand equity, and 3) access to large amounts of inexpensive capital.
Today, however, these attributes no longer provide the protective mote needed to fend off today’s agile, innovative, and risk-taking competition. Cisco’s recent Digital Vortex research determined four out of 10 incumbents will be displaced in just the next five years.
Here’s why. Read More »
Tags: Cisco, digital business, digital disruption, Digital transformation, digital vortex, Joseph Bradley