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Evolving Millennial Connections Using Wearables

Don’t look now, but that guy’s app just measured his heartbeat when he saw you and we think it’s a match! Sound far-fetched? Well, it’s not.

In a very interesting (and possibly draining) year-long dating social experiment, a Newsweek contributor discovered that finding love has gone beyond reviewing online profiles, as some of the industry’s largest match-making companies are developing “wearables” and apps that are becoming the newest weapon in match-making. Utilizing everything from musical playlists to physiological reactions (like that racing heartbeat) the apps match daters in close vicinity with similar-minded interests. Not surprisingly, millennials are becoming some of the fastest adopters of the wearables movement.

In a recent survey, more than half of millennials revealed they were excited about the growth of the wearables market. And it’s no wonder, considering the fact that overall, millennials are an extremely connected and influential generation. They’ve grown up in a world where smartphones are the norm, social media apps are preferred communication platforms and an untold number of studies have been conducted on best practices for marketing to them. And the lens from which they view technology – as an expected day-to-day necessity – is part of the reason they’re the power behind the growing widespread adoption of wearable technology.

As the Internet of Everything continues to evolve and connect more people, process, data and things, wearable technology is not only delivering more information to us – but also bringing us all closer together. Holidays like Valentine’s Day are the perfect reminder that connections matter and go to the heart of who we are as people. Considering our natural inclination to seek out meaningful connections and the technology we have on-hand, wearables are on trend to become an invaluable networking tool, empowering an entire new level of collaboration and opportunities between employees, clients and business leaders.

According to the Cisco 2014 Connected World Technology Report, millennials believe a wearable device will be an important part of workplace 2020. Indeed, it’s estimated more than 177 million wearable devices will be in use by 2018. With a smart phone in one hand, and perhaps a fitness tracker attached to their wrist, mobility is an essential part of the millennial lifestyle. In other words, they are data-driven and businesses the world over have taken a new look at everything from their recruiting practices (using Skype for interviews) to mobile-office options to recruit and keep millennial talent on board. Companies who have embraced a holistic approach to mobility are moving in the right direction, as the millennial workforce shuns the idea of carrying multiple devices to perform work-related tasks.

A couple of years ago, I talked about a connected workforce, focusing specifically on millennials and how their perspective, as the newest generation of workers, would alter the employment scene as we know it. I’m by no means a fortune teller, but myself and the entire industry have seen this become reality. Through the tools of the Internet of Everything – wearables among them – millennials are empowered to connect with people who they have never had the chance to meet and learn from. These connections and the cross-sharing of ideas, goals and common experiences are opening up a new world of opportunity as the world changes and our connections evolve.

What type of new experiences and opportunities for wearables do you hope to see in the future? Share your thoughts here and be sure to follow the discussion using #Internet of Everything.

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Cisco’s Next Generation Workplace in Singapore

Yesterday, Cisco opened its new regional headquarters in Singapore, one of the first in the world that was designed from the ground up on the principles of the Cisco Connected Workplace, which integrates technology seamlessly into the workplace to foster collaboration. The new office is a living, breathing example of what Cisco feels is the next generation workplace.

Earlier this year, Cisco brought together several thought leaders in the industry to discuss the next generation workplace and what it meant to them. The one common thread which they all agreed on was that the next generation workplace is becoming essential to attract and retain the best employees and that it is as much of a cultural shift as it is a technological shift.

This video captures the essence of that discussion which features Dinesh Malkani, then managing director of Cisco’s Collaboration business in Asia Pacific, Japan and Greater China; Simon Kahn, chief marketing officer, Asia Pacific, GoogleCraig Gledhill, vice president, Regional Enterprise Business, Samsung Electronics; Han Kwee Juan, chief executive officer, Citibank SingaporeGarluck Lai, assistant director, Technology & Resource Management, Temasek Polytechnic; and Manoj Menon, partner and managing director, Asia Pacific, Frost and Sullivan.

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Collaboration: The Cure for a Rollercoaster Economy

Today, we’re featuring a guest post from Rick Hutley, a vice president in Cisco’s global strategic consulting arm, IBSG. Rick advises business leaders in every industry about how technology—and more often than not, Intelligent Network technology—can help businesses achieve their goals.

As we embark on yet another economic rollercoaster, the goal of dramatically reducing costs while simultaneously growing revenues and market share seems impossible to attain. Yet, this is what businesses must do to survive.

In my opinion, the answer to this dichotomy is “collaboration”—enabling your workforce to be more effective at significantly lower costs. Collaboration can deliver significant benefits. Cisco®, for example, realized $1.4 billion in collaboration benefits in FY2010, up from $1.1 billion in FY2009. This was achieved across 27 initiatives at an annual cost of only $128 million.

These findings are detailed in a report titled “Economics of Collaboration at Cisco” by the Cisco Internet Business Solutions Group (IBSG), with analysis from its Research & Economics Practice. While every company is different, the following Cisco examples from this report offer a compelling business case for adopting similar initiatives where you work.

  • Business travel optimization to enable greater collaboration across regions while containing travel costs resulted in expense savings of $519 million per year and time savings of $140 million per year.
  • Telecommuting initiatives to increase productivity, tap global talent, and improve sustainability resulted in time savings of $320 million per year for Cisco and commute cost savings of $49 million per year for employees.
  • Connected Workplace, Cisco’s solution for optimizing knowledge worker productivity in the office, generated a 43 percent reduction in space per worker, real estate savings of $33 million per year, and energy savings of $2 million per year.
  • Next-generation Unified Communications resulted in salesforce time savings of $27 million per year and improved customer service.
  • Faster time-to-market capabilities with improved remote collaboration accelerated the introduction of Cisco’s ASR 9000, increasing margins by $90 million, reducing time to market from 4 to 3 years, and lowering R&D costs by $70 million.

To achieve these results, Cisco employed much of its own technology. Cisco TelePresence®, for example, powers a new way of working that allows us to be more productive through face-to-face, two-way video collaboration. Cisco WebEx® enables us to hold highly effective team meetings by sharing information whether we are using a desktop computer, laptop, or smartphone. Cisco Unified Communications links our phone, email, and other communications systems so we never have to miss a call or wait until a colleague gets back to his or her desk to respond to a critical email. And finally, Cisco QuadTM provides a single, integrated experience where individuals, teams, and communities connect, share, learn, and collaborate.

In today’s volatile economy, it’s clear we must learn how to collaborate better. Fortunately, technologies like those employed by Cisco can give your company an edge by improving competitiveness, innovation, and, most important, business results.

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