There’s no doubt that deployments of Internet of Things (IoT) solutions are increasing at a rapid pace as organizations face intense pressure to innovate and embrace the next wave of the Internet. Digital technology advances now enable new market entrants to threaten — and overtake — incumbents who fail to answer the innovation challenge. Think Uber, Airbnb, Tesla, and more. To up the ante on innovation and stay relevant, organizations across all industries are deploying IoT in an effort to embrace digitization.
How organizations embrace IoT as part of their digital transformation varies widely from industry to industry. For example, in manufacturing the focus is on automating inventory management, real-time monitoring/controlling of machine operations, and energy management. In the public sector, the emphasis is often on theft protection, asset tracking and real-time billing. What these industries and solutions have in common is the challenge of successfully navigating the very complex technology environment involved in getting the insights that drive successful outcomes. Successful IoT deployments require complex elements – connectivity, security, automation, analytics, and application enablement — to work together as a system to deliver those business insights.
At Cisco, we’ve done a great job of bringing powerful industry solutions to our customers that give them the business outcomes they need. Building these solutions requires drawing upon different ingredients to deliver an offering that is simple, agile, and repeatable. Many elements must to come together to deliver the value our customers need. The process for building a solution that seamlessly integrates all the elements to support a specific industry can be lengthy.
That’s why I’m excited about this week’s announcement of the Cisco IoT System. Read More »
Tags: Cisco, Cisco IoT System, Internet of Everything, internet of things, IoE, IoT, Tony Shakib
Consider this: By the time you’ve finished reading this short paragraph, another 1,000 “things” will be connected to the Internet. And we’re not even talking about a lengthy paragraph of Dickensian proportion — just this modest paragraph of 39 words.
Those newly connected things will be a mix of mobile devices, parking meters, sensors, thermostats, lab equipment, supermarket shelves, cars, cardiac monitors, and more. The fact is, this list of connected things keeps expanding by the second. Just a few years ago, the number of connected devices began outnumbering the Earth’s human population. Fast forward to 2020, and this gap will widen exponentially – with the number of connected things projected to exceed 50 billion.
As a result, countries, cities, industries, and businesses around the globe are becoming digital to capitalize on the unprecedented opportunity brought about by the next wave of the Internet. When people, process, data, and things are connected, we can capture unprecedented business value. And an essential part of capturing this value is connecting the unconnected through the Internet of Things. Read More »
Tags: Cisco, Cisco IoT System, Internet of Everything, internet of things, IoE, IoT, Kip Compton
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?
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 »
Tags: Alex Goryachev, Cisco, Innovation Grand Challenge, Internet of Everything, IoE, IoT, iot world forum
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