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Smart Trade: Cisco Is Helping Revolutionize Legacy Trade Practices Around the World

Trade (also known as “commerce,” “financial transaction,” and “barter,” among other terms) involves the transfer of ownership for goods and services from one person or entity to another by receiving something in exchange from the buyer. A network that allows trade is called a market.

Trade originated with the start of communication in prehistoric times. Trading was the main facility of prehistoric people, who bartered goods and services long before the introduction of modern-day currency. Peter Watson traces the history of long-distance commerce to 150,000 years ago (source: The Mediterranean in History, David Abulafia, Getty Publications, 2011).

Practices in modern cross-boundary/country trade have remained relatively static for the past 150 years. The only widespread implementation of technology to facilitate trade has been the advent of phone, fax, and (since 2002) EDI – Electronic Data Interchange (source: “Integration of Electronic Data Interchange (EDI): A Review,” Gengeswari, K. and Abu Bakar Abdul Hamid). More recently, widespread use of email has augmented phone- and fax-based communications.

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IoE – The Technology Transition of All Transitions

When you think about the technology transitions that have happened in just the past 20 years and the number of connections that have been enabled, it’s truly mind boggling. The world wide web was just in its infancy in 1993. The first smartphone was introduced less than 10 years ago, and by 2012, that number had grown to one billion. Today, we have more than 10 billion connected devices. As the number of things connected to the network increases – from data, voice, video, and smart devices to new breeds of applications – the opportunities for new business value increase exponentially. The potential value at stake across private industries alone is estimated to exceed $14.4 trillion by 2022.

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Enabling Meaningful Connections

The Internet of Everything is a big topic for us at Cisco. It’s all about connecting people and things to create new value and opportunities. Collaboration and video are key to the human component within the Internet of Everything – adding meaning to all of the data behind the connections.

Cisco’s video and collaboration vision uniquely position us to be your partner of choice as we move into the future, especially on the journey toward the Internet of Everything.

Collaboration isn’t new. Let’s start by putting things into perspective: The desire and need to collaborate is something we, as people, have carried within us from the beginning. We were only missing the tools to unleash collaboration. And then we created them. One by one. From expressing concepts through pictograms on walls to coming together in the marketplace. Fast forward through history and along come postal systems, printing presses, typewriters, telegraphs, radio, telephones, television. And then computers, networks, the Internet, the Web, mobile networks, TelePresence.

Each innovation brings with it new connections, new ways to collaborate and communicate. History inspires us and puts things into meaningful perspective. History reminds me of how we’ve empowered ourselves with tools to create a universe of collaborative activities and connections. Read More »

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What Do CEOs Care About in a Hyper-Connected World?

If you think we already live in a connected world (and we do!), get ready to fasten your seatbelts.

Today, there are “only” about 10 billion connected “things” on the planet. This includes hundreds of millions of people communicating with one another in myriad ways, and a rapid increase in two-way conversations between people and machines. That is, when the machines aren’t busy “chatting” with other machines.

It may sound complicated (and it is!). But the Internet of Things is just the proverbial tip of the iceberg. The next phase of the Internet — the Internet of Everything (IoE) — will encompass 50 billion connections involving people, process, data, and things by 2020. This will drive the next wave of dramatic Internet growth and opportunity.

Cisco estimates that the IoE economy promises a staggering $14.4 trillion in Value at Stake for private-sector companies globally over the next 10 years. This value is embedded in five drivers: asset utilization; employee productivity; supply chain and logistics; customer experience; and innovation.

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Cisco Live 2013 Preview: Internet of Everything 2023

Internet of Everything 2013

“Do you have a vision for tomorrow? Cisco does.”

Next week I’ll join Chairman and CEO John Chambers and Chief Technology and Strategy Officer Padmasree Warrior to officially kick off Cisco Live 2013 in Orlando, Florida. We’ll be sharing our vision for the new opportunities and amazing things that can happen when you connect the previously unconnected.

The Internet of the future – the Internet of Everything (IoE) – is changing how we work, live, play and learn. During our opening address, my colleagues and I will share our predictions about how the intersection of the four elements of the IoE – people, process, data and things – creates new capabilities and experiences that are more relevant and valuable than ever before.

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