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The growth of connected devices is impacting enterprises worldwide. The key to unlocking value, however, is shifting from the number of connected devices to the value of the connections themselves.  We define a connection as the intersection of People, Process, Data, and Things—coming together to form the Internet of Everything (IoE). The IoE opportunity represents 21 percent of corporate profits, or $14.4 trillion dollars over the next 10 years, worldwide. Capturing the potential value of IoE depends on an inclusive business environment that facilitates innovation and productivity. Fostering a work-your-way environment by empowering employees to bring their own devices is a critical part of the solution.

 

There’s no doubt that “bring your own device” (BYOD) is a fast growing global phenomenon, driven by employee demands to use the devices, applications, and cloud services they prefer. BYOD promises tantalizing benefits such as better work-life balance, greater innovation, and improved productivity. Yet some fear that security risks and the complexity of managing so many different personal devices might outweigh the benefits.

New research and analysis released today from the Cisco® Internet Business Solutions Group puts those concerns to rest—showing that not only do companies experience significant value by embracing BYOD today, there is potential for much added benefit.

It’s all about implementation.

An astounding 89 percent of organizations allow their workers to bring their own devices for work. As a result, they are beginning to understand what is needed for successful BYOD—such as secure access, simple authentication, and clear mobility policies. But this is just the starting point. There is a more strategic approach to BYOD that yields even more benefits, from cost savings and productivity gains to critical time efficiencies.

Our vigorous financial analysis of BYOD was conducted across six countries—Brazil, China, Germany, India, the United Kingdom, and the United States. We found that companies in all of these countries are deriving significant value from BYOD today:

Not only did we measure the effectiveness and maturity of current BYOD practices, we also wanted to place a value on an ideal BYOD implementation—a concept we call “Comprehensive BYOD”—to see whether a more strategic approach would yield greater benefits. We found that few companies come close to the comprehensive capabilities we outlined. In fact, the average company today is only about 21 percent along the “value journey” to Comprehensive BYOD.

Big Gains, No Matter Where You Start: Annual Value per Mobile Employee for Basic and Comprehensive BYOD Programs

BYODgraphic

Source: Cisco IBSG, 2013

 

Regardless of the starting point, we found that moving from Basic to Comprehensive BYOD has the potential to unleash much greater value:

To reap the full potential of BYOD, companies need a critical mass of BYOD capabilities and robust mobility policies that place employee choice and enablement at the center. If done right, BYOD will be a win-win for companies and employees.

To see the cost savings, time savings and productivity gains your organization can achieve, check out Cisco’s BYOD Assessment Tool.

Learn more from Sheila Jordan, SVP of IT and Collaboration, about Cisco’s six-step approach to a comprehensive BYOD program.

 

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3 Comments.


  1. Very great article, thanks and please more like this !

       0 likes

  2. Now, the world in my hand, thanks for your article. Every company need BYOD… Thanks bro..

       0 likes

  3. I totally agree, BYOD is the future. With businesses looking to cut cost in these tough times, this is the perfect the for BYOD to grab the market. My only concern is the BYOD security.

       1 like

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