The CIO’s Finance Summit and Insurance Summit were recently held in Atlanta, GA and Cisco was a main sponsor at both events. The CIO Finance Summit provided a great opportunity for executives to have in-depth discussions on the best practices and strategies necessary to build customer-centric organizations. The CIO Insurance Summit brought together C-level executives from the property and casualty, life and annuity, and health segments, along with innovative solution providers and analysts from the insurance industry to discuss the critical technology issues affecting insurance organizations.
Major themes discussed at the CIO Finance Summit:
Channel Integration: Bridging the Business – IT Gap: Many banks are now addressing the gaps between business and IT as they move forward with channel integration and an omnichannel strategy. Marvin Cortez, Cisco Banking Practice Advisor discussed the criticality of building an appropriate business with IT roadmap that supported these initiatives and how Cisco is working with retail banks.
Customer Centricity and Interaction – What Will it Look Like in 5 Years? Meaningful client relationships are fundamental to retaining and attracting consumer and commercial customers. Customer preferences and increasing tech sophistication are causing distribution channels to evolve. Al Slamecka, Cisco Banking Practice Advisor, outlined the evolution of customer interaction and addressed the challenges and opportunities banks are now faced with to create the optimal client experience.
Major themes from the CIO Insurance Summit:
As consumers become more educated and savvy about their insurance choices, carriers are addressing the need for greater customer centricity holistically with better insight, optimized processes, and enhanced customer reach through direct and indirect channels.
Bridging the Gap, Today and Tomorrow! This session focused on how business and technology gaps are creating both challenges and opportunities. Cisco’s Rob Cornwell, Insurance Practice Manager, and Don Canning, Financial Services Practice Partner Manager, addressed how insurance industry trends are impacting lines of business and the resulting impact on IT strategy across Data Center, Networking, Collaboration and Security as we move toward the Internet of Everything.
IoE for Insurance Roundtable: In this lively exchange, roundtable participants discussed how the Internet of Everything is affecting the Insurance industry. Cisco’s Insurance Practice Advisor, Jeff Tumpowsky, opened with the observation of how the industry is seeing new data sources and how this data is driving new products, intelligent processes, tailored communications and new insights around risk. He explained where opportunities lie, first mover advantages, and what value is at stake for insurers doing nothing.
These two summits provided an excellent opportunity to exchange ideas, share successes and paint a vision of where the banking and insurance industries are evolving to as they address customer centricity, omnichannel sales and service and creating new business models. If you attended, let us know your feedback from the event in the comments section below. And if you could not make the event, please join the conversation.
Tags: Cisco, customer experience, Financial Services, insurance, Internet of Everything, IoE, retail banking
Today, at Data Virtualization Day 2014 in New York City, we proudly announced Cisco Information Server 7.0 (CIS 7.0). The latest version of our flagship data virtualization offering, CIS 7.0 extends data virtualization to new audiences, enables larger, more-complex deployments and integrates more data sources so our customers can run their businesses more effectively by leveraging all of their data.
Enterprises are challenged to keep pace. That’s a big problem in a world where data and analytics form the competitive battlefield. With trends like Big Data, Cloud and the Internet of Everything are transforming our world, the possibilities are staggering.
Unfortunately, these possibilities also come with challenges:
- With 25 billion connected devices by the end of 2015 and another 25 billion by 2020, data is and will continue to be sprawled out over billions of devices.
- Data distribution reaches far beyond the traditional enterprise data warehouse, today data is everywhere across hybrid IT environments that span on-premise, private cloud and public cloud.
- With data the lifeblood of today’s modern enterprise, business and IT stakeholders must radically change how they partner together in order to extract the most useful insight for all users. An “all hands on deck” approach to data and analytics is needed.
These are challenges CIS 7.0 is engineered to address.
Self-Service Data Gateway for Business
Leveraging the new class of easy-to-use business intelligence tools such as Qliktech, Spotfire and Tableau, as well as the increasingly powerful and ubiquitous Excel, business users have become adept at visualizing and analyzing data without IT’s help. However finding and accessing that data remains a big challenge, with long IT lead times frequently the only option. That is until CIS 7.0.
Business Directory is the first data virtualization offering designed exclusively for business self-service.
CIS 7.0’s Business Directory is the first data virtualization offering designed exclusively for business self-service. Users apply search and categorization techniques to quickly find the data they’re looking for, and then use their business intelligence (BI) tool of choice to query it. The result is far faster time to insight and translates to better business outcomes sooner.
With Business Directory, IT creates a new partnership with the business. IT provides secure, curated data sets to the business. Then the business adds domain knowledge and analytic value on the path to insight. Using CIS 7.0’s scalable platform, IT can manage security profiles ensuring users see only the data for which they’re authorized. And as new business needs arise, IT can use the CIS Studio to quickly add new data sets, often in a day or less.
Connecting Data Globally, with Control
Data virtualization’s ability to connect and deliver data with agility is well understood. As data has become increasingly distributed, data virtualization adoption has skyrocketed. This has led to highly complex, global-scale data virtualization deployments.
CIS 7.0’s Deployment Manager simplifies management of the mega-scale CIS 7.0 deployments. Deployment Manager automates the transfer views, data services, caches, policies and more across multiple CIS 7 instances. These faster, risk-free deployments provide the scalability desired, ensure compliance with software development life cycle processes and other governance practices, and reduce the cost of IT administration.
More Data Sources For Better Analysis
Everyone knows that if you can access more data sources, you can drive better, data-driven business outcomes. However the rise of new fit-for-purpose data stores from graph databases to Hadoop, as well as highly specialized industry solutions, such as the PI System in upstream energy, has made it difficult for IT to integrate all these sources at business pace.
CIS 7.0’s Data Source Software Development Kit (SDK) accelerates data adapter development. Using Data Source SDK, Cisco, system integrators and customers can build high-performance data virtualization adapters for emerging and industry-specific data sources quickly and in a way that leverages Cisco development best practices and market-leading, query optimization techniques.
Winning on the Data Battlefield
With Big Data, Cloud and the Internet of Everything disrupting data integration, the time is right for CIS 7.0. Business Directory addresses business demand for self-service data. Deployment Manager provides global-scale data virtualization with control. Data Source SDK extends data virtualization’s reach. These breakthroughs, on top of the industry’s leading data virtualization platform, will help our customers drive better business outcomes and outpace their competition.
CIS 7.0’s time in now! So get ready!
For those of you attending Data Virtualization Day, check out a sneak preview at the Solution Showcase. General availability via Cisco Support is scheduled for next month. Cisco Advanced Services and our many ATP partners are set to provide migration assistance.
To learn more about Cisco Data Virtualization, check out our page.
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Tags: agility, analytics, Big Data, cloud, data virtualization, Internet of Everything
It is an exciting day for Cisco Data Virtualization, our data integration software that connects all kinds of data from across the network and makes it appear as if it is in one place and in one consolidated view. To see it in action, check out this video on how we replaced Denodo with our own data virtualization technology at Cisco.
Today at Data Virtualization Day, in New York City, I will be joined by customers, partners and industry experts as we launch a major update to our flagship data virtualization platform, Cisco Information Server (CIS). CIS 7.0 will enable IT departments to deliver self-service data access and enable business agility like never before.
My favorite part of Data Virtualization Day is the time I get to spend with our customers and partners, talking about shared successes and upcoming product enhancements. Since joining Cisco through our acquisition of Composite Software in July 2013, data virtualization has been a key piece of our portfolio and is a vital solution to our customers’ challenges brought on by the Internet of Everything (IoE), Cloud and Big Data trends.
Data is exploding now more than ever before. The majority of data is generated automatically by connected devices with up to 50 billion devices expected by the year 2020. The data explosion is the result of the IoE, this hyperconnection of people, process, data, and things that will create new capabilities, richer experiences, and unprecedented economic opportunities for businesses, individuals and countries for those with ‘IoE Ready’ strategies, infrastructure and technical capabilities in place.
Cisco Data Virtualization is a key part of being ‘IoE Ready’ by connecting device data, big data, data in the cloud and traditional enterprise data in new and extraordinary ways. Organizations that tap into this data pool will be able to leverage it strategically to monitor customer sentiment and behaviors; identify market and competitive changes, anticipate market transitions while optimizing performance of assets and operations and achieving the upmost business agility. It will separate the market leaders from the rest of the pack and will turn the challenges of the IoE, Cloud and Big Data into amazing opportunities.
Many organizations are shifting traditional data center environments to cloud data environments in order to optimize data center investment, leading to more hybrid IT environments. Cisco Data Virtualization truly enables a hybrid IT model by helping our customers live in a “world of many clouds” – connecting people, communities and organizations with intelligent networking capabilities that unify resources within and between data centers and across clouds. Now our customers can deploy any hybrid IT mix they desire while retaining the access and insights they require and free from the constraints of traditional data center operations and economics.
With the pace of worldwide data growth accelerating; organizations using innovative methods for storing, accessing and analyzing data will thrive amongst their competition. There has never been a more exciting time in the history of technology, and data virtualization is at the heart of how our customers are gaining a business advantage from all of the new data at their fingertips.
Happy Data Virtualization Day!
To learn more about Cisco Data Virtualization, check out our page.
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Follow @CiscoDataVirt #DVDNYC
Tags: analytics, Big Data, cloud, data, data virtualization, Internet of Everything
Cities are growing rapidly, stressing infrastructure and essential services while budgets remain tight. As the growth engines of the global economy, cities are competing with each other to achieve greater quality of life for their citizens, to attract new businesses and to achieve sustainability goals. Imagine safer city and neighborhood streets, fewer traffic jams, cleaner air and quicker commutes in these rapid growth centers. These are some of the benefits that residents of cities deploying AGT International and Cisco’s joint city solutions can expect.
Today, Cisco announced new and updated Connected Safety and Security solutions along with a group of ecosystem partnerships, including AGT, that remedy the challenges of easily managing, securing and safeguarding assets such as people, property and things in remote sites. Cisco is partnering with industry-leading companies, such as AGT, to leverage the new capabilities and benefits of the Internet of Things (IoT), provide customers with highly secure, interoperable solutions and services in order to take advantage of the Internet of Everything (IoE), and help businesses and governments make money, save money and provide enhanced safety. Read More »
Tags: AGT, Internet of Everything, IoT, Smart Cities
In the Internet of Everything (IoE) economy, innovation is the name of the game.
IoE demands constant innovation and to keep pace companies must access creativity wherever it may arise. According to The Wall Street Journal, more than 34 percent of today’s workforce comes from outside our organization, and their fresh perspective can support innovation. Indeed, cross-pollination of industries is a key to innovation.
This scenario was illustrated in the below story shared by physicist David Matheson last week at the Frost & Sullivan’s GIL 2014: Silicon Valley conference, which I was honored to attend as a presenter.
Decades ago, a group of engineers were working late in the research lab run by their Silicon Valley employer when they noticed a cleaning man doodling his way through a dinner break. But these weren’t just ordinary doodles. The man had enormous artistic talent. Just the sort of talent the engineers — and the company — needed to depict their technology solutions on the printed page.
Excited at their discovery, the engineers rushed to their bosses the next day Read More »
Tags: Cisco, Cisco Consulting Services, employee productivity, Frost & Sullivan, GIL, innovation, Internet of Everything, internet of things, IoE, IoT, job creation, value at stake