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Fog Computing: The New Model for the IoE

Last month, we proudly announced Connected Analytics for the Internet of Everything (IoE), easy-to-deploy software packages that bring analytics to data regardless of its location. It is a continued part of our commitment to delivering on our vision for fog computing, also called edge computing, a model that does not require the movement of data back to a centralized location for processing. If you’ve been reading my blog, you’ve seen me write about this as the concept of ‘Analytics 3.0’ or the ability to do analytics in a widely distributed manner, at the edge of the network and on streaming data. This capability is unique to Cisco and critical for deriving real-time insights in the IoE era.

To perform analytics using a traditional computing method, once data is generated it is aggregated, moved and stored into a central repository, such as a data lake or enterprise data warehouse, so it can be analyzed for insight. In the IoE, data is massive, messy, and everywhere – spanning many centralized data repositories in multiple clouds, and data warehouses. Increasingly, data is also being created in massive volume in a very distributed way…from sensors on offshore oil rigs, ships at sea, airplanes in flight, and machines on factory floors. In this new world, there are many problems that arise with the traditional method – not only is it expensive and time consuming to move all of this data to a central place, but critical data can also lose its real-time value in the process. In fact, many companies have stopped moving all of their data into a central repository and accepted the fact that data will live in multiple places.

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Analytics 3.0 creates a more appropriate model, where the path to derive insight is different by combining traditional centralized data storage and analysis with data management and analytics that happen at the edge of the network…much closer to where the huge volume of new data is being created. Analytics involves complicated statistical models and software, but the concept is simple…using software to look for patterns in data, so you can make better decisions.  It makes sense then to have this software close to where data is created, so you can find those patterns more quickly…and that’s the key concept behind Analytics 3.0. Once it’s analyzed, we can make more intelligent decisions about what data should be stored, moved or discarded. This model gives us the opportunity to get to the ‘interesting data’ quicker and also alleviates the costs of storing and moving the ‘non-interesting data.’

Analytics 3.0 is not about replacing big data analytics, cloud analytics and other centralized analytics.  Those elements are all part of Analytics 3.0, but they are not sufficient to handle the volume of massively distributed data created in the IoE, and so they must be augmented with the ability to process and analyze data closer to where it is created. By combining centralized data sources with streaming data at the edge, you will look for and find new patterns in your data. Those patterns will help you make better decisions about growing your business, optimizing your operations or better serving your customers…and that is the power of Analytics for the IoE.

 

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Making the Last Traffic Jam a Reality

Traffic jams aren’t just stressful—they’re expensive. A recent study by the Centre for Economics and Business Research revealed that in 2013 traffic jams cost the U.S. $124 billion. By 2030, they estimate the annual price of traffic in the U.S. and Europe will soar to $293 billion.

Can we turn this around? I think so. The Last Traffic Jam can happen through the Internet of Everything (IoE) and the increased value that comes from connections between people, process, data, and things. It’s in this highly connected world where we’ll see amazing things happen—including the Last Traffic Jam. Read More »

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In Retail, Insight Is Currency, and Context Is King

Today’s retailers face a rising tide of change, disruption, and challenges, all driven by technology. As their business landscape is upended, many are struggling to adapt to changing consumer behaviors, competition from disruptive innovators, and exponentially increasing complexity.

The source of much of this disruption is the Internet of Everything (IoE). IoE is the networked connection of people, process, data, and things, and Cisco projects these connections to surge from 13 billion today to 50 billion in the next decade. For retailers, that means a sharp increase in the potential channels, devices, and shopping journeys that are available to consumers. Increasingly, retailers must meet new demands for relevant, efficient, and convenient shopping experiences, whether in-store or out.

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But for traditional retailers, IoE also presents tremendous opportunities. At the National Retail Federation’s “Big Show” in New York this week, I have seen a great openness to change and innovation. As I see it, traditional retailers are ready to step into the IoE era, but they will need the right ecosystem of partners to guide them through the transformation and help them make the right investments.

To better understand these opportunities and the changing competitive dynamics in retail, Cisco recently undertook a comprehensive, three-pronged study consisting of original research, economic analysis, and interviews with retail industry thought leaders. Released this week, the first wave of primary research findings includes 1240 consumer responses from the United States and the United Kingdom.

A key theme that emerged from the research was that today’s consumers demand new kinds of digital experiences, both in-store and out. In our survey, we presented respondents with 19 concept tests — everything from digital signage and same-day delivery to mobile payments and augmented reality. Above all, we found that shoppers seek a hyper-relevant experience — more so than a hyper-personalized one. In short, efficiency and savings are more important to them than personal engagement.

In our survey, 38 percent of respondents identified greater efficiency in the shopping process (e.g., ensuring items are in stock, speeding checkout times) as the area retailers most need to improve. By contrast, 13 percent sought improvements that would lead to a more personalized shopping experience. Read More »

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How Trinity Leeds is changing the future of retail with IoE

Shopping centres have been around for thousands of years, supposedly starting in Ancient Rome. The basic concept of a shopping centre has not changed much since then; a large building, or multiple buildings connected, which contain a variety of retail stores, services and restaurants. However, we at Land Securities, a commercial property group based in the UK, are changing the way customers experience shopping with our newest shopping centre, Trinity Leeds, “the mall of the future.” Read More »

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#InternetofEverything – Where Connections and Value Intersect

The evolution of the Internet is a combination of integrative factors that improve connectivity, create networked economies and build immersive experiences to create an increasingly connected world known as the Internet of Everything (IoE). IoE brings together people, processes, data and things through networked connections. These connections offer value by turning information into actions that create new capabilities, richer experiences and unprecedented economic opportunities. Read More »

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