Thank you to everyone that participated in the Let’s Chat! #Ciscosmt Series 2014 Digital and Social Media Trends Twitter chat. What a lively discussion and a special thanks to our guest Molly McHugh(@iammollymchugh), Web and Social Section Editor at @DigitalTrends. She really helped outline trends we should watch out for in several key areas from the way we use social media channels to impact of big data.
Check out this transcript and let us know your viewpoints for 2014 digital and social media trends! And stay tuned for more 2014 #Ciscosmt activity details by following the Cisco Digital and Social blog and the #Ciscosmt hashtag!
Let’s Chat! #Ciscosmt Series: Engaging Employees in Social Media Twitter Chat Transcript Read More »
Futurists have long envisioned a world where fabulous innovations transform our lives in mind-boggling ways. And while some of their ideas may remain far-fetched, the most exciting thing about their future is that so much of it is already here, today (flying cars notwithstanding).
Indeed, we are living in an age of unprecedented technological transformation, one that stands to eclipse even the first Internet boom. This next wave of change is being driven by a massive upsurge in connectivity, from 10 billion connected things today to 50 billion in 2020. The world may seem connected. But only 1 percent of the objects around you are endowed with smart connectivity. That is changing fast. Your car, your refrigerator, your parking space, the bridge you drive over, the shelves at the local retailer, and the supply chain that feeds them — all of these “dark assets” are being “lit up” with smart connectivity, altering our lives in profound ways.
Cisco calls this the Internet of Everything (IoE). We define IoE as the intelligent connection of people, process, data, and things. And, of course, the “people” element is paramount, since the whole point of technology is to create a better life experience for everyone.
At Cisco, we estimate the Value at Stake from this transformation to be $14.4 trillion for the private sector alone over the next 10 years, which represents an opportunity to increase global aggregate corporate profits by about 21 percent.
Cisco’s projections are based on deep research and analysis into potential use cases. But we are not the only ones sensing the potential impact of this game-changing, global transformation.
The abstract for this conference was designed to be a bit provocative, specifically:
“ Virtualization as a concept is not new. However, in the context of Software Defined Networking,the virtualization discussion has been focusing on overlay functions e.g networking. What about virtualization overlays and interworking with existing architectures? What are the implications to performance and management? Are we speaking the same language?
The panelists will have an opportunity to articulate the virtualization problem space for the industry and the opportunity for the industry to address.”
My panelists included the following individuals: Read More »
I am attending South Korea’s Big Data Forum in Seoul, and one question here is, “How big is Big Data?” My friend and colleague Dave Evans has pointed out that by the end of this year, more data will be created every 10 minutes than in the entire history of the world up to 2008. Now, that’s big!
Much of this data is being created by billions of sensors that are embedded in everything from traffic lights and running shoes to medical devices and industrial machinery—the backbone of the Internet of Things (IoT). But the real value of all this data can be realized only when we look at it in the context of the Internet of Everything (IoE). While IoT enables automation through machine-to-machine (M2M) communication, IoE adds the elements of “people” and “process” to the “data” and “things” that make up IoT. Analytics is what brings intelligence to these connections, creating endless possibilities.
To understand why, let’s step back and take a look at the classic approach to Big Data and analytics. Traditionally, organizations have tended to store all the data they collect from various sources in centralized data centers. With this model, if a retailer wants to know something about the buying patterns of a certain store’s customers, it can create an analysis of loyalty card purchases based on data in the data warehouse. Collecting, cleansing, overlaying, and manipulating this data takes time. By the time the analysis is run, the customer has already left the store.
Big Data today is characterized by volume, variety, and velocity. This phenomenon is putting a tremendous strain on the centralized model, as it is no longer feasible to duplicate and store all that data in a centralized data warehouse. Decisions and actions need to take place at the edge, where and when the data is created; that is where the data and analysis need to be as well. That’s what Cisco calls “Data in Motion.” With sensors gaining more processing power and becoming more context-aware, it is now possible to bring intelligence and analytic algorithms close to the source of the data, at the edge of the network. Data in Motion stays where it is created, and presents insights in real time, prompting better, faster decisions.
What will the future be like? As depicted in today’s popular movies and books, the future is either one of bright promise—where the world’s greatest problems have been solved by technology and greater human enlightenment—or it’s a dystopian world where today’s problems have only gotten worse, technology has gone bad, and the very survival of humanity is at risk.
As Cisco’s chief futurist, it’s my job to think about what the world will look like in a few years, and how our actions today will impact that future. And while I’m not ready to put on my rose-colored glasses just yet, I do have an optimistic view of what the future may bring, enabled by the Internet of Everything (IoE). Within 10 years, there will be 50 billion connected things in the world, with trillions of connections among them. These connections will change the world for the better in ways we can’t even imagine today. But here are just a few things I can imagine:
Better supply of food: Sensors all along the food supply chain, together with Big Data analytics and the intelligence of the cloud, will help us optimize the delivery of food from “farm to fork.” Sensors in the field will be combined with weather forecasts and other data to trigger irrigation and harvest times for each crop. And sensors on the food itself will alert merchants and consumers about when the “sell by” and “use by” dates are approaching to prevent spoilage. All of this will significantly reduce food waste—which today amounts to about one-third of total world food production.
Better supply of water: Similarly, about 30 percent of our water supply is lost due to leaks and waste. Just one faucet or leaky pipe dripping three times a minute will waste more than 100 gallons of water a year. “Smart” pipes can reduce this waste significantly by sensing and pinpointing the location of leaks that would otherwise go undetected for months or years.
Better access to education: Affordable access to education is one of the most important ways to lift people out of poverty. Soon, time and distance will no longer limit access to an engaging, affordable, high-quality education. With connection speeds going up, and equipment costs going down, distance learning is going beyond traditional online classes to create widely accessible immersive, interactive, real-time learning experiences.
Better access to healthcare: Urbanization and population growth are putting a strain on healthcare resources—especially in rural areas. After the devastating 2008 earthquake in Sichuan Province, China, Cisco was a strategic partner in creating a networked medical delivery system, including four telehealth networks that allow doctors to meet with and examine patients remotely. But those capabilities are just the beginning of what IoE will make possible. Soon, women with high-risk pregnancies will be able to wear a tiny, always-on fetal monitoring electronic “tattoo,” which will communicate to the cloud whenever the woman is within range of a wireless network. The analytics capabilities in the cloud will alert doctors at the first sign of trouble, and even tell the mother-to-be when she needs to drink more water, or get more rest.
While sensors and machine-to-machine communication are important parts of these solutions, it’s not just the “Internet of Things” that is making all of this possible—it’s the Internet of Everything—the networked connection of people, process, data, and things. And Big Data analytics is what brings the intelligence to all of these connections, enabling new kinds of processes, and helping us make smarter decisions.
I’ve highlighted just four areas where IoE will change the world for the better. But there is not a single part of life that will not be impacted in some way—whether that means improving your drive to work, speeding you through the checkout line at the grocery store, saving energy through smart lighting, or minimizing your wait at a traffic light. The Internet of Everything is not a silver bullet that can solve all the world’s woes, but with the spark of human innovation, IoE can be the engine for a better future.