Cisco’s recent survey of 7200 banking customers in 12 countries left me with a crystal-clear takeaway: consumers are ready for the Internet of Everything (IoE) — and they want it now.
But to meet that demand, banks need to assess their own capabilities as they begin to light up their own “dark assets” with network connectivity and embark on the journey to IoE readiness.
In our survey, we tested five key IoE-enabled banking concepts related to advice (virtual financial advice, virtual mortgage advice, and automated financial advice) and mobility (branch recognition and mobile payments). These concepts resonated with customers globally: 75 percent of all respondents would move their money to another provider for one or more of the five concepts. And while the interest is significant everywhere, in emerging markets, respondents are twice as likely to move their money. Read More »
Tags: analytics, banking, CCS, Cisco, Cisco Consulting Services, data, digital, Financial Services, hyper-relevance, innovation, Internet of Everything, internet of things, IoE, IoT
I recently participated in a Cisco advisory board meeting attended by some of our leading manufacturing customers. There was a lot of discussion about the tough challenges the industry is facing. Flexibility, agility, and managing costs were hot topics. Traditional manufacturing environments with manual processes, independent systems, and siloed data create a lack of visibility into real-time operations and result in delayed responses to quality issues and inventory waste. Many manufacturing organizations are starting to take their first steps towards becoming digital. Let’s take a look at what that means and why making the transformation to a digital factory is the next wave of evolution. Read More »
Tags: Cisco, Cisco Connected Factory, connected utilities, Hannover Messe, Internet of Everything, Manufacturing, oil and gas, Tony Shakib
On March 26, I gave a presentation on Cisco’s culture of innovation at the Unleashing Innovation Summit in New York City. This venue gave me the chance to discuss our belief that the next billion-dollar idea can come from anywhere and that our innovation strategy and culture reflect that philosophy.
Innovation is a core part of Cisco’s values and culture, and we don’t limit innovation to dramatic technological breakthroughs. Instead, we see innovation spanning the full range of all we do – from sustaining innovations, which enhance the capabilities of existing products and services; to disruptive innovations, which create new markets; to business process improvements, which fuel growth, competitive advantage, and customer satisfaction. Read More »
Tags: Cisco Investments, Cisco Spark, Internet of Everything, Internet of Everything Innovation Centers, internet of things, IoE, IoT, Kip Compton
Let’s start on a light note. For a brief period of time, the Internet of Things became associated with the fridge that orders milk by itself. This retro-futurist icon is a great example of a common tendency for extremely disruptive technological waves to first enter the public realm in the form of low impact nice-to-have use cases (personal computers and robotics suffered the same fate at first). Besides being amusing, these are also instructive. The small-mindedness of a fridge that has a direct line to the supermarket is a great way to make a really important point: the value of the Internet of Everything (IoE), ultimately, is about the network, not the individual connections. Read More »
Tags: Christoforos Anagnostopoulos, Cisco, Internet of Everything, Internet of Things (IoT), IoE, IoT, Mentat Innovations
IOT::Empowering the Enterprise turned out to be quite the dance party this year. Or at least the kind of Internet of Things (IOT) party you’d expect when you bring together over 300 IOT thought leaders, including startup founders, venture capitalists and corporate investors, and Fortune 500 executives.
And adding real-time biometric analytics doesn’t hurt either, tracking everything from temperature, movement, sound, and even crowd sentiment and energy levels.
With much of the IOT buzz focused on consumer tech, this event was specifically focused on IOT in the enterprise. It showcased the ecosystem of innovators that are fundamentally changing cities, manufacturing, energy, transportation, retail, and the many other industries embracing the Internet of Everything (IOE). Cisco Investments, co-hosted the event on our campus with other leaders in the space – SAP, Siemens, Sapphire Ventures, and Silicon Valley Bank, all helping to make IOT transformative. Read More »
Tags: Cisco Investments, Internet of Everything, internet of things, IoE, IoT, IOT: Empowering the Enterprise, Nate D'Anna