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From the Mine Shaft to the Store Shelf — an IoE Revolution in Manufacturing

Since Henry Ford, the alchemy of turning raw materials into mass-produced products has been complicated and challenging. At best, it has been a delicate and precarious balancing act; at worst, something akin to herding cats.

The trick has always been to align ever-shifting patterns of customer demand with far-flung ecosystems of miners, designers, suppliers, engineers, factory workers, truck drivers, sellers, and so forth. Yet the process of orchestrating such intricate value chains has often been based on art (hunches) more than science (data).

Today, however, the Internet of Everything (IoE) — the ongoing explosion in networked connectivity among people, process, data, and things — is transforming manufacturing in startling ways, just as it is changing so many other industries.

IoE delivers seamless, intelligent connections to every corner of the manufacturing value chain, optimizing the flow of products, information, and payments in real time.

The Cisco IoE Value Index study found that in 2013, manufacturing had the largest potential share of IoE Value at Stake, at $224 billion. Yet, it was poised to realize only 46 percent of that potential bottom-line value.  The key to closing that gap lies in much-improved machine-to-machine and machine-to-people connections, resulting in smart factories, smart grids, and connected supply chains, among many other IoE-related innovations.

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Summary: Announcing The Cisco IoT Security Grand Challenge

Despite its overwhelming business benefits, the Internet of Things (IoT) also significantly increases security risks.  That’s why Cisco is pleased to announce the IoT Security Grand Challenge, an industry-wide initiative to bring the global security community together to secure the IoT, and deliver intelligent cybersecurity for the real world – before, during, and after an attack. Winners will be awarded $50,000 in prize money and be publicly announced at the IoT World Forum this Fall!

Read the full Fame and Fortune Awaits: The Cisco IoT Security Grand Challenge blog post to learn more.

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Fame and Fortune Awaits: The Cisco IoT Security Grand Challenge

Despite its overwhelming business benefits, the Internet of Things (IoT) also significantly increases security risks, via a dramatic increase in attack surface and diversity of potential threats.  And since IoT is a significant component of the larger Internet of Everything (IoE) market transition that combines connected devices with people, process, and data, it’s even more imperative that we ensure that the things we connect are secure. To achieve this goal, the security community needs to work together to develop innovative security measures.

That’s why Cisco is pleased to announce the IoT Security Grand Challenge, an industry-wide initiative to bring the global security community together to secure the IoT, and deliver intelligent cybersecurity for the real world – before, during, and after an attack. Companies and individuals are invited to develop solutions for one of three focus areas – Malware Defense, Security Credential Management, and Privacy Protection. Cisco will select up to six winners, each of whom will be awarded $50,000 USD. The winners will be announced at the IoT World Forum this Fall.

Interested in participating? Visit www.CiscoSecurityGrandChallenge.com for full details about the challenge and begin preparing a response. Submissions are due June 17th, so get started right away. Good luck!

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How the Internet of Everything Will Shape the Next 25 Years of Internet History

This week marks the 25th anniversary of the World Wide Web, an important milestone as we look at how far we’ve come and how the Internet of Everything (IoE) is shaping our future.

Developed by Sir Tim Berners-Lee, a researcher at CERN, the Web was borne from the need to keep track of complex, large-scale projects without the loss of important information. We’ve come a long ways since March 1989, when Berners-Lee published his idea of “linked information systems.”

Today, IoE is driving connections beyond just data. The convergence of connecting people, things, data and processes is transforming organizations, industries and our lives. The growth of mobility and cloud computing is further driving innovation and an increase in the number and kinds of connections.

Cisco Internet 25

To illustrate this transformation, let’s take a quick look at life just two decades ago. According to a new national survey to mark the 25th anniversary of the Web, Pew Research revealed that in 1995, 42 percent of U.S. adults had never heard of the Internet and an additional 21 percent were vague on the concept—they knew it had something to do with computers and that was about it. In addition, 20 years ago, only 14 percent had access to the Internet.

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Virtual Bankers Save Hours and Dollars

We are looking forward to an exciting 2014 where many are predicting this is the year of the Internet of Everything. We foresee this trend affecting the banking industry as well.

As most consumers get connected using their latest version of a smartphone, mobile tablet, or gaming system, these technologies are changing how consumers interact in every aspect of their lives. For example, consumers are getting more accustomed to instant, intimate video conversations with friends and family from their homes, so the next logical step is to add these features outside the home.

Many banks are looking into using video conversations to engage more effectively with customers. UMB Bank, a retail bank based in Kansas City, has transformed how they interact with customers by using Cisco’s video conferencing solution and Syngrafii’s LongPen Solution that resulted in 500 transactions conducted via video with a virtual banker…saving nearly 150 hours for bank personnel. 

These time savings grew wallet-share by enabling UMB to meet with and call an additional 1,000 customers and helped the branches increase revenue by nearly 50 percent.

(Source: St.Louis Dispatch, Dec. 20, 2013)

(Source: St.Louis Dispatch, Dec. 20, 2013)

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