Massive amounts of data are being created every day, and shaping the way we live, work, and interact. Big Data can give a strategic advantage. Big Data can also create a richer experience for customer. We all agree about that.
But early on our scientists have speculated on the implications of the explosion of data. They described their vision for a future Internet of Things — when trillions of networked computers could free people to focus their energies on pressing issues like climate change or resource shortages. (See video interview from David Evans, (@DaveTheFuturist) Cisco’s Chief Futurist and Chief Technologist and blog from Shaun Kirby, Director of Cisco’s Innovations Architecture Practice for Cisco’s Internet Business Solutions)
Today we definitely see the Internet as the next realm for Big Data to shine : From a video camera, a tire pressure sensor to a smart meter these devices are creating a constant flow of data. In fact, as Carlos Dominguez , Cisco SVP , Office of the Chairman of the Board and CEO explains in his today blog “Finding Wisdom in Big Data” , the data generated by the devices will very soon make up the majority of all information available. With the caveat , that the real-time nature of these new sources of data requires that it is evaluated in motion and in meaningful way. The value of data is often dictated by time – being at its highest value as it is created. It is less and less relevant to look at them later.
Big Data is the new oil! It has the power to transform economies, make businesses more efficient, and improve our daily interactions as consumers. However, like oil, data is not truly valuable until it has been refined—until it is analyzed and some valuable action is extracted from it. Although it has been the subject of much discussion, Big Data is really in its infancy—which begs the questions, “How will big data evolve? And what are the opportunities for service providers to create value in Big Data?”
Catching the Waves of Big Data Evolution
The term Big Data generally refers to the growing scope of data analytics in terms of the variety, velocity, or volume of data involved. Cisco’s Internet Business Solutions Group (IBSG) sees Big Data evolving along three waves and across the three dimensions of data, control, and consumer (see Figure 1). Today, most companies find themselves in the first evolution-ary wave, where data and analytics are siloed within specific business processes. In Wave 1, the result of data analytics is Read More »
Today, at the High Performance Computing for Wall Street event, we announced Cisco Algorithm Boost or Algo Boost technology, a groundbreaking networking innovation with numerous patents pending, that offers the highest speed, visibility and monitoring capabilities in the networking industry. A true game changer delivering competitive advantage to our customers!
Ideal for high performance trading, big data and high performance computing environments, this new technology offers network access performance as low as 190 nanoseconds, more than 60% faster than other full featured Ethernet switches. When your business success is determined by nanoseconds, this is a huge gain!
The first switch to integrate the Cisco Algo Boost technology is the new Cisco Nexus 3548 full-featured switch which extends Cisco’s leadership in networking by pairing performance and low latency with innovations in visibility, automation, and time synchronization. And it is tightly integrated with the rich feature set of our Nexus Operating System, a proven operating system used in many of the world’s leading data centers, creating a truly differentiated offering.
As Kevin Sullivan points out in his recent blog, partnerships are an important strategic approach to today’s R&D and innovation. Kevin recommends strategies that industry-winning manufacturers can follow.
Investments in innovation are exciting. They inspire creativity and they fuel our economy.
What an afternoon of innovation looks like at Cisco
I was thrilled to discover that an institute for manufacturing innovation was recently launched in Youngstown, Ohio. This effort embodies a publicly and privately-funded partnership aimed at fueling R&D and innovation. Along with the U.S. federal government, a consortium of impressive manufacturing firms, universities, community colleges and non-profit organizations formed a partnership called the National Additive Manufacturing Innovation Institute (NAMII). They contributed a combined $70M to the Youngstown manufacturing innovation effort.
Motivated resources from a variety of academic, manufacturing and business backgrounds will come together to advance technology and manufacturing. And what will this Youngstown institute focus on first? Additive manufacturing. What is additive manufacturing? It’s the more formal name for 3D printing. And it’s quite cool.
Urban policymakers around the world are striving to answer this question, while positioning their citizens to compete and thrive in a time of accelerated innovation and change. Many are seeking the best possible convergence of technology and infrastructure within the urban environment. But the overall goal is to enhance the success, livability, and overall appeal of their cities. Read More »