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Driving Agility and Innovation Through Software

User Experience - RetailIn the US, this is the time of year when holiday shopping kicks into high gear. From Black Friday to Cyber Monday and beyond, retailers begin their big push to drive nearly a quarter of their annual revenue. And whether their customers are online or inside a traditional store, retailers today have the ability to understand shopper behavior better than ever before. This information – from purchasing patterns and advertising effectiveness to dwell times and foot traffic – allows retailers to provide their customers with a more personalized, richer digital experience that’s more likely to result in a sale. It’s a win-win. And it’s made possible through an intelligent network that manages the data analytics, location information, security, and mobility applications that drive a more enhanced and personalized user experience.

Software plays an integral role in this intelligent network. Whether it’s driving data virtualization and analytics, for example, or enabling an application-centric private and hybrid cloud, or providing comprehensive threat protection – software plays a vital role. But even more than that, software enables businesses to be more agile and innovative with market and technology transitions.

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Connected Analytics: Capturing the Value of the Internet of Everything

Ten large oil refineries produce about 10 terabytes of data each day, which equates to the entire printed collection of the U.S. Library of Congress.

One modernized city the size of Singapore can generate about 2.5 petabytes of data every day, which translates to all U.S. academic research libraries combined.

And with more than 14 billion, data-transmitting devices connected to the Internet today, growing to 50 billion by 2020, it is little wonder that most of us are overwhelmed by this mind-boggling explosion of data.

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Turning this flood of raw data into useful information and even wisdom for better business decisions and quality of life experiences is what the Internet of Everything (IoE) is all about. This is a daunting task. According to IDC Research, just .5% of all data is used or analyzed, and online data volumes are doubling every two years from a combination of mobile devices, videos, sensors, M2M, social media, applications and much more.

Connected Analytics Portfolio

Last Thursday, however, Cisco unveiled our Connected Analytics portfolio for the Internet of Everything, a unique approach that includes software packages to bring analytics to the data, regardless of its location or whether it is in motion or at rest. This new generation of analytics tools for IoE can convert more and more data into valuable intelligence — from the inter cloud, to the data center to the network’s edge.

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Announcing Connected Analytics for IoE

Over the past few weeks, I’ve shared how we are helping our customers address one of their toughest challenges brought on by the Internet of Everything (IoE), Big Data and hybrid IT environments: effective management of the massive amounts of data, types of data and in various locations. With solutions like Data Virtualization , Big Data Warehouse Expansion and Cisco Tidal Enterprise Scheduler, we give our customers the tools to address this challenge head on.

Once you have access to all of your data…what next? The second challenge is to extract real-time valuable information from data in order to make better business decisions. As I’ve said before, more data is only a good thing if you use that data to better respond to opportunities and potential threats. Our customers certainly understand this and, in a recent Cisco study, 40% of surveyed companies identified effectively capturing, storing and analyzing data generated by connected “things” (e.g., machines, devices, equipment) as the biggest challenge to realizing the value of IoT.

The majority of data analysis has historically been performed after moving all data into a centralized repository, but digital enterprises will have so many connections creating so much widely distributed data that moving it all to a central place for analysis will no longer be the optimal approach. For insights needed in real-time, or data sets that are too large to move, the ability to perform analytics at the edge will be a new capability that must be incorporated into any comprehensive analytics strategy.

Analytics 1.0 was all about structured data, in centralized data repositories.  Analytics 2.0 added unstructured data and gave rise to Big Data. Analytics 3.0 will require all of those existing capabilities but will also require data management and analytics capabilities closer to where the data is created…at the edge of the network.

With this new approach in mind, today we announced Connected Analytics for IoE, packaged, network-enriched analytics that leverage Cisco technologies and data to extract real-time valuable information called:

  • Optimize the fan experienceConnected Analytics for Events monitors Wi-Fi, device and application usage along with social media to deliver insights on fan engagement and business operations.
  • Improve store operations and customer service – Connected Analytics for Retail supports analysis of metrics, including customer and operational data in retail environments, to help stores take new steps to assure customer satisfaction and store performance.
  • Enhance service quality, customer experience and unveil opportunities for new business – Connected Analytics for Service Providers provides near real-time operational and customer intelligence from patterns in networks, operations, and customer system data.
  • Understand how to get the most out of your IT assets – Connected Analytics for IT provides advanced data management, data governance, business intelligence and insights to help align and get the most out of IT capabilities and services.
  • Reveal hidden patterns impacting network deployment and optimizationConnected Analytics for Network Deployment analyzes devices, software, and features for inconsistencies that disrupt network operations and provides visualizations and actionable recommendations to prioritize network planning and optimization activities.
  • Understand customer patterns in order to meet quality expectations and uncover monetization strategiesConnected Analytics for Mobility analyzes mobile networks to provide network, operations and business insights for pro-active governance to Wi-Fi solution customers.
  • Gain a holistic view of customers across data silosCisco Connected Analytics for Contact Center delivers actionable customer intelligence to impact behaviors and outcomes during the critical window of customer decision making. Having the right offer at the right time will drive market leadership.
  • Measure the impact of collaboration in comparison with best practicesCisco Connected Analytics for Collaboration measures the adoption of collaboration technologies internally. It leverages data collection using the Unified Communications Audit Tool, from sources such as WebEx, IP Phones, Video, Email and Jabber.

The portfolio also includes Cisco Connected Streaming Analytics, a scalable, real-time platform that combines quick and easy network data collection from a variety of sources with one of the fastest streaming analytics engines in the industry.

In the world of IoE, data is massive, messy, and everywhere, spanning many sources – cloud, data warehouses, devices – and formats – video, voice, text, and images. The power of an intelligent infrastructure is what brings all of this data together, regardless of its location or type. That is the Cisco difference.

 

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The New Analytics Imperative

Cisco today announced a data and analytics strategy and a suite of analytics software that will enable customers to translate their data into actionable business insight regardless of where the data resides.

With the number of connected devices projected to grow from 10 billion today to 50 billion by 2020, the flood tide of new data — widely distributed and often unstructured — is disrupting traditional data management and analytics. Traditionally most organizations created data inside their own four walls and saved it in a centralized repository. This made it easy to analyze the data and extract valuable information to make better business decisions.

But the arrival of the Internet of Everything (IoE) — the hyper-connection of people, process, data, and things – is quickly changing all that. The amount of data is huge. It’s coming from widely disparate sources (like mobile devices, sensors, or remote routers), and much of that data is being created at the edge. Organizations can now get data from everywhere — from every device and at any time — to answer questions about their markets and customers that they never could before. But IT managers and key decision makers are struggling to find the useful business nuggets from this mountain of data.

As an example, take the typical offshore oil rig, which generates up to 2 terabytes of data per day. The majority of this data is time sensitive to both production and safety. Yet it can take up to 12 days to move a single day’s worth of data from its source at the network edge back to the data center or cloud. This means that analytics at the edge are critical to knowing what’s going on when it’s happening now, not almost 2 weeks later.

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How ‘Data’ and ‘Process’ Are Reshaping the Future Workforce

The sheer size, variety, and speed of data traversing today’s networks are increasing exponentially. This highly distributed data is generated by a wide range of cloud and enterprise applications, websites, social media, computers, smartphones, sensors, cameras, and much more — all coming in different formats and protocols.

Whether it is in the cloud or at the edge, data generated by the Internet of Everything (IoE) must be analyzed to identify actionable insights that can be used to create better outcomes (such as from process optimization or improved customer engagement). Without this critical step, data remains just “data.”

There is often an immense gap, however, between the amount of data with hidden value and the amount of value that is actually being extracted. According to IDC, less than 1 percent of the world’s data is currently being analyzed. What good is data if isn’t analyzed to gain insights?

It’s no surprise, then, that in a recent survey conducted by Cisco Consulting Services, IT and Operational Technology leaders indicated that they perceive the Internet of Things (IoT) — a critical enabler of IoE — as being about much more than just “things.” When we asked them which area (people, process, data, or things) they needed to improve most to make effective use of IoT solutions, the largest number (40 percent) indicated “Data,” while “Process” (27 percent) ranked second. “People” placed third (20 percent) and “Things” finished last (13 percent).

Focus on Capturing Insights, Not on Connecting Things, to Attain IoT Value from Cisco Business Insights

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