Through a myriad of connections, the Internet of Everything has caused a digital disruption, forcing entire industries to evolve their business models in order to remain competitive and deliver optimized services. Both retail and higher education are prime examples. But, it’s the Internet of Things, comprised of millions of Internet-connected devices (estimated to be 50 billion by 2020), that’s having the largest impact on the manufacturing industry.
In a previous blog, we outlined how digital disruption is already happening across manufacturing and its sister industries like oil and gas. And while many of the operational changes and benefits happening are encouraging for the industry’s future, it’s also worth noting that as many as 40 percent of industry leaders will not adapt quickly enough, risking their survival in the industry. With so much at stake – Cisco estimates the Internet of Things will generate $8 trillion in Value at Stake through 2022 – it was the perfect time to host a #CiscoChat around “IoT-ready” machinery and connected factories.
Joined by members of the @CiscoMFG team and Brian Papke, the president of Mazak Corporation, we engaged in discussions on harnessing the power of connected machines, the opportunities being created and much more. Take a look at a few highlights below.
We know that manufactures are embracing digitization, but first, we wanted to gauge opinions of why they were doing so.
As a leader within the machine tool manufacturing segment, the team at Mazak Corporation quickly shared their thoughts.
The opportunities to drive business outcomes and enable more rapid and efficient manufacturing strategy were touted as well.
And a handy chart from one participant Read More »
Tags: Business Trends, ciscochat, connected machines, digital disruption, Digital Manufacturing, Social Chat, social media
How often do you bank? ?
For me, it’s a few times a week, but more frequently when I have a few bills to pay. Today, digital technologies makes checking balances, transferring money and even depositing checks an “anytime, anywhere” process using apps and mobile devices. Banks and other financial institutions that plan to stay ahead of the digital disruption must find innovative ways to transform and differentiate themselves. Otherwise, they may end up a part of the estimated four out of today’s top 10 financial services giants that could be displaced by digital disruption in the next five years or as Chris Skinner predicts, ‘see all their margin on traditional products erode in the next decade’.
During our latest #CiscoChat, banking futurist Chris Skinner (@Chris_Skinner), chairman of Europe’s Financial Services Club, joined @CiscoFSI for a live and fun discussion on how banks can make money, when everything is ‘free’. When transactions are table stakes.
If you missed the chat, the full recap is here. Below, I summarized a few of the highlights and insights. Read More »
Tags: banking, Business Trends, Chris Skinner, ciscochat, customer experience, digital, digital disruption, Financial Services, Social Chat, social media
In my first #CiscoChat I hosted together with Anabelle Pinto, we were joined by Gaurav Pant and Sahir Anand from EKN Research to share their perspective and dig deeper into additional findings from Cisco and IDC. We started by defining who the digital consumer is, what type of services they’re looking for and what shoppers want and expect, all while providing the security they need.
Here are a few highlights from the #CiscoChat:
Who is today’s digital shopper?
Read More »
Tags: ciscochat, digital, omnichannel, retail, Ron Kjelden, security, shopper, technology, transformation, wi-fi
Digital transformation is changing the world as technology continues to play a central role in today’s business strategy. By helping to reach more customers, offer differentiated services, and grow the business, the relevance of IT is stronger than ever. Customers want to deploy services fast, at scale, at the lowest cost possible.
Cisco’s SDN strategy and portfolio enable policy-driven infrastructure built around ACI and the programmable fabric and network. Cisco offers freedom of choice to IT teams looking to add automation capabilities to their network infrastructure by leveraging their programmability capabilities to accelerate application deployment and management, automate network operations and create a more responsive IT model.
Cisco Application Centric Infrastucture delivers an agile, open, and secure solution for deploying applications across any physical, virtualization or cloud technology being used for data center infrastructure. Cisco ACI provides consistent policy and for multi-hypervisor, container and bare metal server workloads. It is a true SDN solution with built-in secure multi-tenancy. So much so, that our next #CiscoChat on Thursday, December 3rd at 10:00 a.m. PST will bring together a team of experts to discuss the extent of Cisco ACI challenges and the solutions leaders can use to address them.
In the article “The New Need for Speed in the Datacenter Network”, IDC confirms that “Today’s datacenter networks must better adapt to and accommodate business-critical application workloads. Datacenters will have to increasingly adapt to virtualized workloads and to the ongoing enterprise transition to private and hybrid clouds”.
In this #CiscoACI #CiscoChat led by Cisco Data Center, @CiscoDC, with co-hosts, Mike Cohen, (@mscohen), Principle Engineer at Cisco Systems and, Zeus Kerravala, (@zkerravala), Principle of ZK Research, will assess how Cisco ACI can help businesses stay competitive with an agile and programmable network and through a Fast, Open and Secure approach. You don’t want to miss this #CiscoChat on #CiscoACI Thursday, December 3rd at 10:00 a.m. PST as we reveal our latest innovations.
Tags: #CiscoACI, ciscochat, IT, SDN
It is no secret that Manufacturing and related industrial verticals will be significantly impacted by the Internet of Things (IoT) and the new business models evolving from digital disruption. Many industry luminaries and market-leading companies agree that one of the most exciting aspects of digital manufacturing is the concept of Connected Machines, where previously non-networked equipment such as robotics, machine tools, packaging and other specialized devices in production operations can now be converged onto a common network infrastructure.
My colleague Bryce Barnes was recently quoted in an Engineering.com article describing this trend:
“What does it mean when you connect everything together? It’s about the value of moving information. Think about what a smartphone does. No one predicted a device that can access almost all of the sum of human information. The total number of machines in the world is enormous, about 65 million. Most are operated and managed locally. Moving data from those machines is a challenge.”
Manufacturers are now just beginning to harness this new generation of machine-to-machine systems, mobile applications, and cloud-based services including analytics — all digital capabilities to drive efficiencies (such as reducing unplanned downtime) and innovation (such as offering new value-added services) Read More »
Tags: Brian Papke, ciscochat, CiscoMfg, connected machines, digital disruption, Digital Manufacturing, Mazak