Sooner or later we all feel like throwing up our hands and cursing the complexity of modern life. But while technology may seem the chief culprit in making things unmanageable, it is also the ultimate solution to complexity.
In the Internet of Everything (IoE) era, it is particularly important for business leaders to understand the power of technology to simplify our lives and support informed decision making. And this was a core theme at Sapphire Now 2014, an event in Orlando, Fla., that I was privileged to attend last week.
By using network technology to integrate people, process, data, and things, IoE counters complexity in unprecedented ways. In a city, this can involve something as simple as cutting the time it takes to find a (connected) parking space. Or IoE technologies can scale up to reroute traffic lights; for example, to head-off highway backups before, during, and after a large event.
In a brick-and-mortar retail setting (a key area of discussion at Sapphire Now), IoE can alleviate the complexity of managing customers, staffing, and products. With data from multiple sources comes heightened, real-time awareness, empowering managers to react faster than ever. For example, they can then stock shelves and reorganize staff in response to constantly changing levels of demand. With predictive analytics they can even respond before a customer rush begins.
The idea of hyper-aware, real-time decision-making resonated during a Sapphire Now panel discussion titled Thrive in the Digital Networks of the New Economy. I was honored to share the panel with such luminaries as Erik Brynjolfsson of MIT; Michael Chui of McKinsey Global Institute; and Jai Shekhawat, Deepak Krishnamurthy, and Vivek Bapat of SAP. And there was much discussion on the impact of bad decisions on failed organizations. Which is why we all take such an interest in technology that enables good ones.
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Tags: asset utilization, Big Data, Cisco, Cisco Consulting Services, connected supply chain, customer experience, decision making, employee productivity, innovation, Internet of Everything, internet of things, IoE, IoE Value Index, IoT, Manufacturing, retail, Smart Cities, supply chain, value at stake
Are you confident you can change the world with your innovations connecting the unconnected?
Are you developing “things” that will be connected to the Internet of Things (IoT)?
Do you want a $125,000 US cash award to jump start your business?
If yes, Cisco Internet of Things (IoT) Innovation Grand Challenge is for you!
Since the “open for submissions” announcement of the Internet of Things Innovation Grand Challenge on April 21st, hundreds of innovators have visited the website and joined the community. More than fifty (50) entries have been submitted from around the world. If you have not checked out the Cisco Internet of Things (IoT) Innovation Grand Challenge, do it now! Read More »
Tags: Grand Challenge, innovation, internet of things, IoE, IoT
In a constantly changing world, getting the right talent focused on the most pressing challenges is essential — not just for companies, but for service providers, cities, and countries.
Today, the key driver of that rapid change is technology, particularly the explosion in connectivity known as the Internet of Everything (IoE). Cisco predicts that IoE will have connected 50 billion “things” by 2020, compared to 10 billion today. But for all the talk of things, IoE is not just about embedding sensors in shoes, jet engines, refrigerators, and shopping carts. The true opportunity arises when people, process, data, and things are connected in startling new ways.
In such an environment, collaboration is critical. Indeed, IoE-related innovations have the potential to improve and transform our world in profound ways. But no one company can solve these challenges. They will require partnerships and the open sharing of ideas and talent.
Technology companies, in particular, will need to change the ways in which they utilize their talent. For many decades, there was one way to access talent — by hiring it. Today, workforces are flexible and may be spread across time zones and continents. Knowledge workers still contribute as employees on company payrolls, of course. But increasingly, they are just as likely to collaborate on a specific project as partners or as subject-matter experts sharing knowledge within cross-functional or cross-industry groups.
That is why I feel so strongly about a recent out-of-court settlement in Silicon Valley regarding the free flow of talent from one organization to another. Apple, Google, Intel, and Adobe agreed to pay more than $300 million to 64,000 engineers who claimed that the companies’ hiring policies were hindering their career paths and access to higher salaries.
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Tags: Big Data, Cisco, Cisco Consulting Services, employee productivity, innovation, Internet of Everything, internet of things, IoE, IoE Value Index, IoT, job creation, talent, value at stake
I’m excited to announce that we have deepened our relationship with General Motors. This quarter, as John talked about on our Q3 FY14 earnings call, we closed a first-of-its-kind, multi-year deal to license Cisco’s software portfolio to GM.
This innovative licensing agreement involving all of our software – and hardware, where needed – will give GM greater speed and flexibility to drive business value. So, for example, when GM needs to increase their collaboration solutions across the company they have access to our full suite of products to do that. Going forward, Cisco and GM will continue to partner to deliver on GM’s business goals up to and including the Internet of Everything.
Cisco is proud to work with GM and other large enterprises to help them achieve their goals and overcome their biggest challenges. We realize that every company must now be a technology company and we are thrilled and excited that GM is taking a huge, innovative step with Cisco as a partner to better serve their customers, partners and employees around the world.
Tags: GM, innovation, IoE, software
The World energy demand will be 41% higher in 2035 with India and China accounting for half the growth.
The development of renewable energy sources ranks as a key responsibility for the top economies in the world. India, as one of the top 5 emitters of greenhouse gasses, has prioritized the development of renewable energy resources.
Read More on how this Indian agency deployed a network that promotes energy conservation below.
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Tags: Cisco, Green, innovation, midmarket, midsize business, network, renewable energy, security, small business, technology, unified communications