Over the last couple of months we have talked about Fast IT and the need to think about your IT model in a new way to thrive in the Internet of Everything (IoE).
Fast IT is the new model for IT that transforms and simplifies IT operations. It evolves and unifies infrastructure, platform, and applications to reduce complexity, accelerate service deployment, and increase security. It embraces today’s major technology transitions: cloud, mobility, and security, along with data analytics, new applications, and IoT. It addresses the requirements IT has to align to today’s business changes and organizational requirements.
In the IoE era, every company, no matter how venerable its brick-and-mortar roots, must think of itself as a technology company — creating digital capabilities that transform customer experiences, foster new revenue streams, spur productivity gains, or speed execution.
We wanted to understand the extent to which IT organizations were helping bring about this transformation to Fast IT — fulfilling a strategic role of innovation enabler — and which factors, if any, were holding them back. To this end, Cisco undertook a multipronged research effort. We engaged Global Market Insite (GMI), a division of Lightspeed Research, to conduct a comprehensive global survey on the impacts of IoE on the IT function, and the extent to which Fast IT capabilities have been addressed from both a strategic and an architectural standpoint. This soon-to-be-released research, the results of a comprehensive survey of more than 1,400 senior IT decision-makers across multiple vertical industries, provides insight into how IT can more successfully prepare for – and capitalize on – the Internet of Everything (IoE).
This quantitative research was complemented by a program of in-depth interviews with IT luminaries — leading industry analysts, authors, academics, IT executives, and practitioners themselves — on how IT infrastructure, IT economics, and organizational dynamics are changing.
As we know, the Internet of Everything—the intelligent connection of people, processes, data and things—has exploded in recent months. Alongside that growth, the pace of change across business and technology is occurring faster than ever and IT must innovate at a speed and scale to match. In order to capture the $19 trillion in IoE economic value, IT requires a new model.
Simply put: IoE requires Fast IT. And, it requires it now.
With networks getting faster and the whole world going mobile, the number of connections is growing at an unprecedented rate. By next year, the amount of mobile-connected devices will exceed the number of people on the planet, and by 2020, will reach 50 billion. And those devices are getting smarter all the time.
While there is no doubt that mobility, cloud and big data are each enabling business transformation, imagine what they could do collectively. That’s the power of convergence, and it’s revolutionizing the IT and business landscape.
This convergence brings together applications, systems and processes to help meet current needs while preparing for future innovation. It’s at the heart of the Internet of Everything (IoE) in connecting people, process, data and things in new and innovative ways. And mobility is a driving force fuelling this evolving landscape, breaking down barriers and enabling the birth of entirely new kinds of business and economic models.
Mobility: A Cornerstone in the Converging IT Landscape
Mobile devices are already a pervasive part of our lives. As mobility continues to evolve, these devices will be primarily how a network connects to the user, helping shape and customize the end-user experience to deliver more personalized services and real-time engagement.
Imagine you are an online shopper who doesn’t want to wait overnight for your shipment. You want your product now. From your mobile device, you will not only be able to price-match with other retailers and see if the product is available in a store near you (a current capability), but also connect with real-time data in the cloud over an agile network to see if there are checkout lines in the store, reserve a parking spot, and tell the customer service rep you are on your way.
Gartner predicts that, through this year, mobile apps will drive “the next evolution in user experience” by “leverage[ing] intent, inferred from emotion and actions, to motivate changes in end-user behavior.” This is already happening through smart devices and wearables, for example, as people (myself included) use health and fitness apps to help make better, healthier choices.
We celebrated 25 years of CiscoLive last week in San Francisco, with more than 25,000 people attending (live) to learn more about the power of the Internet of Everything and the value it will bring for years to come.
My favorite part… a ‘dancing’ John Chambers as an intro and close to his opening keynote kicked off the event Monday afternoon. He focused on IoE as a movement that will be enabled by Fast IT and that change is a constant in business. He stressed that those who do not change fast enough will not survive. And, he noted that only 24 percent of the Fortune 500 companies still reside on that list from just 25 years ago.
Rob Lloyd, Cisco president of development and sales, complimented John’s keynote with his own the next day, adding that FastIT is based on Application Centric Infrastructure (ACI) and Intercloud.
With the frenzy that comes with new phone releases, the excitement that new app launches cause, and our increasing ability to establish connections with anyone virtually anywhere, it’s safe to say the Internet of Everything (IoE) is changing everything about our global network.
And while the Internet of Everything describes the connections that link people, places, process, data and things, the convergence of all of these elements is the source of its growth.
On their own, increased mobility, enhanced cloud and Fast IT are changing the business and IT landscape. A new model for IT that accounts for the convergence of these technologies is essential to accelerating the trajectory of the Internet of Everything to new heights.
Mobility has especially emerged as a key factor, with 25 billion devices estimated to be connected to the Internet by 2015. For this reason, tracking (and staying ahead of!) top mobility trends remains a priority for every organization. Read More »
The Internet of Everything (IoE) is a juggernaut of change, transforming organizations in profound ways. It sows disruption, and it grants enormous opportunities. But this sweeping wave of change is not reserved for what we normally think of as “technology companies.” In the IoE economy, even seemingly “analog” endeavors must be bestowed with network connectivity, no matter how venerable a company’s roots or old its traditions.
In a world where Everyone Is a Tech Company, there are some great examples of older companies that are heeding this new reality. Retail, manufacturing, transportation, and education are just a few of the places where people, process, data, and things are being connected in startling new ways. Companies that are ahead of the IoE transformation curve will ensure their competiveness in marketplaces that are ever more vulnerable to disruption.
Dundee Precious Metalsprovides a great example of a company that is embracing change. A far-flung global organization, the company, for example, runs Europe’s largest mine in Chelopech, Bulgaria, from which it ships gold-rich copper ore to a smelter in Namibia. Yet through IoE-related technologies, executives at the company’s headquarters in Toronto, Canada, have gained unprecedented visibility into all aspects of their operations.
The end result? A boon in safety, efficiency, and productivity.