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Reinventing Innovation to Capture the Internet of Everything Opportunity

The Internet of Everything (IoE) is not only disrupting traditional business models, it is also disrupting innovation itself.

While the focus at this week’s 2nd annual Internet of Things World Forum (IOTWF) here in Chicago is on capturing the accelerated opportunity of connected things, we believe there is even greater opportunity with the Internet of Everything: the networked connection of people, processes, data AND things. IoE is already transforming business outcomes, but in order to capture the full potential of its $19 trillion economic opportunity we will need to cultivate new skill sets and ways of thinking by both established organizations and 21st century entrepreneurs.

Innovating with local communities

This, in turn, requires new types of collaborations and investment mechanisms among industry, government and academia to incubate innovative ideas and turn them into commercial, scalable solutions for the betterment of society.

I am very proud of one such exemplary collaboration between the Cisco Entrepreneurs in Residence (Cisco EIR) program, led by Mala Anand, SVP of Services Platforms (“Open innovation: Harnessing the ideas, talent and passion of the startup eco-system”), and the Chicago Innovation Exchange (CIE), a startup incubator affiliated with the University of Chicago, Argonne National Laboratory and other leading technology organizations in the greater Chicago area. This partnership, announced last April, aims to support the most promising early-stage startups in the region that are focused on game-changing IoE and Smart Cities solutions by bringing the expertise and resources of Cisco and CIE in a co-incubation environment.

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The Internet of…Outcomes?

At Cisco, as you might imagine, we talk a lot about the Internet of Things, and now about the Internet of Everything (IoE).  You can find some great videos and background about IoE here, here and here.   As technology continues to transform our world – from how businesses operate to how we connect with each other to how we control features in our homes – the paradigm is shifting.  And it’s creating exciting opportunities for companies that are prepared to capitalize on them.

It used to be that technology was itself an outcome – people wanted an application or they wanted a robot programmed to do certain things.  It was viewed simply as a tool, and one that was often operated in a siloed business unit within a company.  That world, at least for companies who want to stay competitive and maximize potential, is no more.

Technology is no longer just a tool.  It’s no longer a means-to-an-end nor is it a strategy that operates in isolation.  As our CEO John Chambers recently predicted, “every company is going to be a technology company” (a prediction that you’ll also find echoed in many leading business journals).  To respond to consumer demands and consumption models, we all must embrace technology and harness its potential to transform businesses.

S Hogan Biz Outcome

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IOT World Forum Private Sector Roundtable

The Internet of Things (IoT) is here and driving change in every industry, including the private sector. As companies begin to widely create Internet of Things innovations, businesses are adapting and connecting the unconnected and advancing their business goals. There is approximately $14.4 trillion at stake in the private sector over the next 10 years – and as our panelists today will share, the value realized by introducing their business to the Internet of Things has already been enormous.

In a discussion moderated by Chris, White, Cisco Senior Vice President of Sales for Internet of Everything, our panelists will be sharing how they have deployed Cisco technology to capture the value added by the Internet of Things – and how they are translating that into business outcomes and industry leadership today. Read More »

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“The Internet of Things is More Than Just “Things” – Five Technology Pillars to Pay Attention To

It has been 15 years since Kevin Ashton popularized the term the Internet of Things. How could we have known then what that would come to mean and the huge impact that it would have on our lives? Cisco projects that 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. This exponential growth of connected devices is fundamentally impacting both society and the economy—changing our lives forever.

IoT 10.15

However, with all of our focus and media attention on the Internet of Things, we are really missing the fundamental technology revolutions that are reshaping our world. Radical advances in processing, storage, wireless technologies and new ways of delivering technology are reshaping our world -- all at a much faster speed and drastically reduced price.

In my view, the Internet of Things is really a short-hand for the five technology pillars that are shaping a revolutionary new, connected world. Read More »

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Big Changes Become Big Opportunities in Branches

Mobility and cloud innovations have been happening so fast that it’s easy to overlook the place where these technologies have the most impact – the branch. As Andres Sintes mentioned in his blog on Enabling the Branch for the Mobile Cloud Era, clearly understanding both the business and technical aspects of the evolution of the WAN will enable you to uncover many new opportunities to grow your business.

About 80 percent of all network users – employees and customers alike – access applications from branch sites. With a majority of customer interactions happening in branches, they are an area of huge competitive differentiation – for Cisco Partners and our customers. Here’s why:

Business Changes

Personalization is the new mantra for all types of businesses. From retail stores to hospitals to convention centers, virtually everyone wants to use customer intelligence to deliver better experiences and more targeted offers. They’re also gathering more customer details to continually refine this process. Read More »

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