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Financing the Internet of Everything

You’ve heard us talk about the move from the Information Age to the digital age and how the rapid change associated with this movement will transform the way business is done at a global scale.

The primary driver for this revolution will be The Internet of Everything (IoE)—the next big phase of the Internet. Poised to generate over $19 trillion in value at stake for businesses and countries over the next decade, IoE encompasses shifts in computing such as big data, cloud, BYOD and mobility, and a new breed of software applications that will increasingly strain enterprise and service provider networks alike.

To become industry disruptors and take full advantage of the Internet of Everything, organizations will need to rethink how they do business. They will need to reimagine the role technology plays in their business and make it a strategic asset.

In my role as President of Cisco Capital, the captive finance business within Cisco, I speak with customers and partners globally of all sizes, across different markets and that have different business needs. In almost every conversation, a common challenge arises – how do they to do more with less and keep pace with technology innovation? It’s a good question, and one that doesn’t have a one-size-fits all answer.

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Cisco and China: A Long Term View

This week’s first state visit to the U.S. by China’s President Xi Jinping comes at an important moment for our countries, and for our industry, as President Xi meets with a number of important U.S. technology companies including Cisco. We have a long history in China spanning over 20 years, and today we continue to strengthen our commitment to our partners and to delivering meaningful innovation to the people of China.

My numerous trips to China over the past few years have reinforced the incredible opportunity ahead for this dynamic society. Over the course of our history in China, Cisco has helped connect millions of Chinese people to the Internet. During the 2008 Sichuan earthquake, our teams went in to face the disaster and help those impacted – ultimately leading to a long-standing program that has transformed both healthcare and education in the region. Through our Networking Academy Program, we have trained hundreds of thousands of students in the technical skills needed to help build China’s future.

We’ve always been deeply focused on our customers around the world and this is absolutely the case in China. We believe that next generation partnerships are required to deliver what our customers need to enhance China’s productivity and bring incredible new connected experiences to China’s citizens in the digital world. As we’ve developed long-standing relationships with our Chinese business partners, we have always remained true to our core values at Cisco: we do the right thing and we win together.

Today, as the entire country prepares to digitize, we continue to bring the power of the Internet to new areas – including manufacturing, transportation, education, and healthcare. I’m incredibly optimistic about the long-term prospects of successful partnerships in the country.

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Cisco and Apple – It’s All About the Network

The press lit up when we announced a landmark partnership with Apple last week. This was definitely an important announcement for us. As you can imagine, everyone is very excited with what this partnership can make possible for enterprises building new mobile strategies for their organizations.

Every week I meet customers who are taking steps toward digitizing their companies to be more efficient, collaborate better internally and externally and ultimately grow their business. But many businesses are just at the beginning of the journey – There’s so much more potential to change the way we work.

Together, Cisco and Apple have embarked on this partnership that will help businesses adopt new ways of mobile work where the real-time business insights, information sharing, collaboration and communication experience is awesome every time and anywhere. It’s time to move past email and BYOD to mobile transactions and enhanced business execution.

There are three areas we are working on together – extending our unified collaboration products to the iPhone; transforming team collaboration with iOS experiences on Cisco Spark, Cisco TelePresence, and Cisco WebEx; and of course ensuring unparalleled experiences for iOS devices on the network.

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Trust Me: Cisco Hearts Video


I was recently talking to an industry colleague about how incredibly focused we are, as a company, on the video marketplace. I meant it, so I was surprised to see the eyebrow-spiked reaction and their response: “How can you say that, when you just unloaded your CPE including set-top boxes, modems, etc.?”

It kind of floored me, because to me it was obvious. But I realize this is a question many may be asking. My response is this: The decision to sell our set-top, gateway, and overall CPE line to Technicolor wasn’t a separation from video. It was Cisco recognizing that for that part of our business to be at its healthiest and most productive, it was better off in an environment focused on building CPE hardware at scale – which is what Technicolor does.

Watching Video


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CSO Professional Women’s Day: The Power of “Story”

Growing up, my grandfather and I were very close.  As a boy and young man, I learned a lot about the world from the stories he would tell me on his porch in Chicago about his life growing up black in the segregated south, the lessons he learned trying to fit in when he moved to the north, and his hopes for his sons and daughters—and their children—to have opportunities that he did not have.  I knew from the way he told his stories, that he was sharing special and life changing knowledge.  I would do my best to sit still and listen hard so I would remember every word.

Last week a group of 650 women from Cisco and our customers, came together in person and via Telepresence to take part in an exciting and meaningful event called the CSO Professional Women’s Day.  This gathering is a great example of the power of sharing special and life changing knowledge. The event was started three years ago by Padmasree Warrior and the women on her team as a way to share inspiring stories of personal and professional experiences – extending that “porch” in my mind.

This year the theme was Presence & Bravery and I have to tell you, all of us were doing our best to sit very still and listen hard so we would remember every word.

  • Two-star Michelin Chef Dominique Crenn energetically urged us to embrace diversity in all its forms and help connect the world by creating the platform for conversation, which is what she aspires to do every day through her food.
  • Jacqueline Novogratz, the CEO and Founder of Acumen, took us from Wall Street to Rwanda where combined her banking expertise with a passion for equality to help victims of poverty through microfunding. Her wisdom was clear in all her stories, “Courage is taking on the status quo and speaking your truth, even if it’s through trembling lips.”
  • Our Ted Talk-style panel offered us new points of view from a rock-star millennial to a pharma executive (Laura Hamill) to a woman who re-invented her career (Karine Allouche Salanon).  Winning the prize for presence was Isabella Panisci, our rock-star millennial, whose wisdom was as profound as it was fundamental, “Don’t raise quitters.”
  • Finally, leader, author, gospel singer and 20-year Wall Street veteran Carla Harris brought her leadership wisdom to life with dynamic, humorous and insightful stories that convinced us that it is always worth taking a risk because “if you don’t ask, you don’t get” and failure brings the gift of experience.

These amazing women inspired us all and demonstrated the importance and power of inclusion, diversity and “porch” wisdom. I am committed to sponsoring this event next year and I’m looking forward to driving more great forums like the CSO Professional Women’s Day in the future. Let’s keep on moving together.

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