We are embarking on a new technological journey that will fundamentally change forever the economy, society and the way that we live. Wired magazine described a new era where “the most mundane items in our lives can talk wirelessly among themselves, performing tasks on command, giving us data we’ve never had before.” The Internet of Everything (IoE) is a world where up to 50 billion things (or devices) will be connected to the Internet by 2020; or, the equivalent of 6 devices for every person on the planet.
Businesses are beginning to completely re-design their processes, operations and business models to benefit from this new era. We are already starting to see the emergence of smart cities, connected utilities, connected railways, connected factories, connected cars, and even connected mines, to name but a few. All industries are looking to IoE as a breakthrough technology to help them optimize their business, enter new markets and enhance their relationship with their customers. This is why industry analysts, like IDC, estimate that businesses will spend up to $20 trillion over the next three years to realize the promise of the Internet of Everything.
But, The Internet of Things is More Than Just “Things”. As I described in this recent article, the Internet of Things is really a short-hand for the four technology pillars (mobility, cloud, big data and things), wrapped in security, that are forging a revolutionary new, and revolutionary, connected world. Successful IoE implementations don’t happen in isolation or independently. Cisco is discovering that successful implementations require a technical and business platform into which different solutions can be easily plugged to efficiently and effectively achieve the promised business benefits. The cornerstones of this IoE platform include a robust connectivity and technology infrastructure, operational and management services and a range of vertical and horizontal solutions.
In Cisco’s experience, all IoE implementations require all of these technical and business elements to be successful. Our vision is that effective IoE deployments will build an IoE platform that can be extended across the business, or even entire industries, to deliver a range of unique, value-added IoE solutions.
Starting from the bottom, the layers comprise:
Network Connection – connecting all of the solutions, data and applications through fiber backhaul or licensed cellular.
Network Access – a managed Wi-Fi, or other unlicensed wireless network, to connect all of the sensors and applications.
Technology Platform – a platform to allow new devices and solutions to readily and securely “plug and play” into the overall architecture, and to connect to cloud storage and compute services.
Vertical and Horizontal Solutions – the combination of devices and applications that deliver the unique solutions for different vertical and horizontal industry segments.
Platform Monetization – in some verticals, like smart cities and B2C, opportunities exist to leverage the platform and network to create new sources of revenue.
Shared Operating Platform – a shared platform to consolidate the management, customer care and service issues across all of the solutions.
Professional Services – services to support areas such as systems integration, planning and design.
Program Leadership – services to program manage the entire implementation, operations and partner ecosystem.
Successfully deploying and capturing the tremendous potential benefits of IoE is not just about cool things and applications. A comprehensive technical, operations and management IoE platform is required to turn vision and promise into reality.
Want to learn more and chat with our Cisco subject matter experts? Tweet us @CiscoSPMobility.
Last week we were excited to announce the six startups that will be joining our Cisco EIR program in Europe at the Pioneers Festival in Vienna. The six winners – innovating in the areas of Smart Cities, Internet of Everything (IoE)/cloud and Big Data/analytics – were chosen through a rigorous multiphase selection process conducted in collaboration with Pioneers. More than 350 applicants from 39 countries applied to join Cisco EIR Europe, with 15 finalists pitching live at the Pioneers Festival in front of Cisco experts and our European partners. Winners were selected based on the viability of their business plans, the strength of their teams and their alignment with Cisco’s IoE vision and strategy.
We were impressed beyond our expectations by the vision, passion, talent and technology of all 15 finalists. These startups made us more excited and convinced than ever that Europe was the right platform to discover and nurture the next generation of disruptive ideas for our industry and for Cisco.
It’s that time of year again! On November 12-14, the Cisco Financial Services team will be attending BAI Retail Delivery 2014. This year, we’ll be showcasing exciting solutions for the Digital Bank — innovations that provide seamless, cross-channel engagement and meet escalating consumer demands while reducing operating costs, and increasing sales within your institution.
Cisco financial services solutions help customers connect with their customers and deliver a personalized banking experience and gain a sustainable competitive advantage in the Internet of Everything age. In partnership with Verizon, NCR and Intel, Cisco will showcase our solutions portfolio that enables new delivery models and applications whether at home, in the branch, or on the road, to support Omnichannel customer experiences and grow your business.
Improve operational efficiency with real-time business analytics
Increase network bandwidth and performance at a lower cost
Mark your schedules to attend our speaking sessions:
TheInnovation Showcase competition will give attendees a closer look at our enhanced Cisco Remote Expert Mobile solution with a new aspect that delivers an engaging, personalized onboarding experience. Led by Karl Hartmann, banking practice architect for Americas Business Transformation, we’ll demonstrate how to connect seamlessly with your customers on their preferred channels, to start strong and build more profitable relationships.
During the “Creating a More Efficient Omnichannel Delivery Blueprint” panel session, Jim Henschel, banking practice manager for Americas Business Transformation, will share insights into why finding opportunities to drive efficiencies in distribution networks has never been more critical. The panel will also provide insights on how to manage margins and expenses while planning for innovative technologies that can maximize omnichannel performance. Make sure to read Jim’s recent “Branch of the Future -- Network Innovations” article before the show.
Al Slamecka, banking practice advisor for Americas Business Transformation, will be taking part in the “Driving Efficiency in Your Distribution Network” panel session, wherehe will lead a discussion regarding strategies for making balanced choices amongst today’s evolving communications and delivery channels.
This year’s event takes place in Chicago, IL at the McCormick Place West Building. For more information about registering for BAI Retail Delivery 2014, visit the registration page here. We hope to see you there!
By next year, it is estimated that 25 billion devices will already be connected to the internet, with that figure set to double to 50 billion by 2020. These connected ‘devices’ won’t simply be computers, they will range from alarm clocks, cars, coffee makers, fridges, baby monitors and smart watches, to street lighting, parking meters and planes.
Having this quantity of connected devices has the potential to change and improve the way we live our lives. It is already possible to adjust your central heating remotely, but imagine being able to tell your coffee maker to turn on, on the way home from work? Or have your GP assess you remotely via the data coming from your health monitor or even smart watch?
In fact, according to the 2014 Cisco Connected World Technology Report (CCWTR), launched today, roughly 8 in 10 professionals even believe middle income workers will have robots that can assist them with various work related activities at some point in the future. The possibilities are endless. However, for this to become a reality, we need a workforce of technicians and engineers capable of building such a connected network. Imagine the skills needed to manage and maintain an army of connected robot assistants!
Internet of Employment
First of all, the networks needed to create the Internet of Everything (IoE) on such a large scale needs to be built, creating job opportunities for those with specialist IoE networking skills. Fifty billion plus connected devices (not to mention the robots) will create an incredible amount of data – leading to a pressing demand for data scientists to make sense of this information. Security will also be front of mind, creating jobs for IoE security specialists. This is not to mention the applications we haven’t even dreamt of yet which will suddenly become possible in an IoE-enabled world, opening up innumerable opportunities for IoE entrepreneurs to flourish.
Technology isn’t just shaping the jobs of the future and the skills we need to fulfil them, it’s shaping the way we work too. The CCWTR also reveals that the majority of Generation X and Y professionals believe that smartphones and wearable devices will be the workforce’s most important ‘connected’ device. This will enable new ways of working; such as creating ‘supertaskers’ – people who can successfully do more than two things at once, and do them well.
Wanted: 900,000 IT Pros
However, today’s global ICT skills shortage could seriously hamper this connected vision. Realising this potential depends on the individuals and having the skills and knowledge to harness the opportunities IoE provides. Currently the outlook is bleak, with the EU already expecting that there will be up to 900,000 ICT vacancies by 2015.
This is why I, and many of our education partners were in Barcelona last month to launch the first global IoE curriculum, introduced by the Cisco Networking Academy. The new curriculum seeks to help close the broadening ICT skills gap and empower a new generation of innovators to embrace the IoE’s full possibilities. Cisco Networking Academy also recently launched an IoE ‘Smart Grid’ curriculum, which gives electricians the Internet Protocol (IP) skills to service the millions of potential new intelligent smart grid devices that are due to be installed in EU households by 2020.
Smarter teaching – smarter living
Initiatives like Cisco Networking Academy, and support for ICT related skill development, can make a massive difference and create employment on a large scale in both the short and long term. Barcelona’s Smart City programme provides a great example of the positive potential of IoE, creating 47,000 new jobs through innovations from smart bus shelters to a smart waste management system.
Europe has a chance to grasp the opportunities IoE can bring -- by equipping people with the skills required to meet the soaring demand for the new jobs created in a world where everything is connected. Five million students have already enrolled in Cisco Networking Academy in the last 17 years, with over 9000 academies present in 170 countries. With the new IoE courses in place, Networking Academy students now have the chance to gain the skills needed to drive the workforce of the future – and be an integral part of the IoE journey.
Earlier this year at Partner Summit, Cisco announced its commitment to helping our partners capture a share of the $19 trillion opportunity to be created over the next decade by “connecting the unconnected” through the Internet of Everything (IoE).
IoE creates unprecedented opportunities for organizations, individuals, communities and countries to realize dramatically greater value from networked connections among people processes, data and things.
Within the IoE opportunity is the Internet of Things (IoT). While the IoE includes the connection of both people and objects, IoT refers only to the networked connection of physical objects. Cisco estimates that 99.4 percent of physical objects that may one day be part of the IoE are still unconnected, creating a massive opportunity for the Cisco Partner Ecosystem. Read More »