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Unleashing Value with Today’s IoT Innovation Leaders

Who is innovating the next big thing? Where are they? Will it be you?

Whether in a garage, lab, university, startup or coffee shop, we at Cisco are searching the world over for entrepreneurs developing the next innovative game-changers around the Internet of Things (IoT).

How will we find you?alexbloginnovationgrandchallengepic1

On Monday, June 22, we launched the second annual Innovation Grand Challenge to discover the latest and greatest IoT innovators over the next six months. We’re enticing them out of the shadows and into the spotlight with $250,000 in total prizes and $150,000 to the overall winner. Further, winners will gain access to Cisco’s IoE Centers of Innovation, premier resources, mentorships and vast opportunities with partners and investors to change the way we live, work, play and learn.

When will we identify the winners?

The submission period runs from June 22 through Sept. 7, with the top three innovators to be announced on Dec. 7 at the IoT World Forum in Dubai. Information about guidelines and submitting entries can be found here. Read More »

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The Digital Vortex, Where Disruption Is Constant and Innovation Rules

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

Digital Disruption by Industry. Source: Global Center for Digital Business Transformation, 2015

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Co-Innovating With Our Customers

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 »

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Connected Machines Take Manufacturing to the Next Level of IoT

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 »

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What happened after the Innovation Grand Challenge Awards?

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 »

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