A sense of great pride came over me as I entered the Expo in Milan to attend the Cisco Internet of Food international press event. This event is where Cisco brings food and digital technologies together in a world of apps, services and technologies that are changing the way food is produced, distributed, consumed and depicted. My home town hosted this significant conference that focused on two of the most important factors that make our lives better: food and the Internet. What better place than Italy? This country is the world’s food voilà and has one of the highest number of mobile phones and Facebook users – to talk about building bridges between technology and food.
While there, I met with a group of international press and together with a few colleagues and industry luminaries, we discussed the Internet of Food, a natural offshoot of the Internet of Everything.
Cisco and THNK.ORG have been working for the last 12 months to reimagine how the Internet of Everything changes the way we grow, manufacture, distribute and consume our food. Read More »
Tags: Barilla, COOP, Internet of Everything, Internet of Food, internet of things, IoE, IoT, Nicola Villa, supermarkets, THNK.org
Here’s a summary of Mike Riegel’s latest blog on the IoE Blog site that reaches out to all those in the energy industry, both oil & gas and power utilities:
“As we explored in my previous blog, today’s rampant pace of innovation can be likened to a Digital Vortex, where ideas, technologies, and even entire industries are swept to the center of the Vortex — recombining and merging into disruptive new business models.”
In Mike’s blog he talks about how digital business transformation is critical for all industries. However, Cisco’s Digital Vortex research revealed, 45 percent of companies don’t consider digital disruption a board-level concern. That’s worrying. Mike goes on to talk about the level of complacency, and how organizations had better watch out – there’s a disrupter increasingly in your industry!
The blog elucidates of five key areas which, if adopted, can enable success for those wanting to thrive in the new digital business environment:
- Lead from the top down
- Create the Workforce of the future
- Merge Business Processes and Technology
- Ideate and innovate FAST (FAST IT)
- Cultivate the Partner Ecosystem
So, the blog concludes, it is the incumbents that can thrive as the agile disrupters if they play their cards right in this business digitization arena. Singular point-digitization is not enough. Comprehensive digitization is the way forward, involving people, process, data, and things. Find out more about the Digital Vortex by clicking on the link (the subject of Mike’s next blog).
Refinery factory at the Port of Los Angeles, California, USA
What do you think – are you ready to be a disruptor in the Energy Industry, or be disrupted?
My take: The good news is that the utilities companies are at lower risk than others, and oil and gas companies even less, according to the report. Those organizations have embraced digitization and recognize the disruption will most likely come from within, probably owing to the large barrier to entry for outsiders (unlike Amazon taking on retail for example).
Still, don’t be complacent – your competitors are waiting to take further digital business steps, and take market share. You can find out more about cisco digital solutions for oil and gas and power utilities by clicking on the links.
Let me know what you think!
Tags: digital business transformation, digital vortex, digitization, Internet of Everything, IoE
Co-Innovation. Hyper-Collaboration. Sharing Economy.
Whatever you call it, it’s clear to me that the global community of innovators around the Internet of Things (IoT) keeps accelerating — rapidly and exponentially. I have personally experienced this disruptive growth in just the past three months, especially in how co-innovators are focusing more and more on solutions for the public and private sectors.
I wrote here three months ago that I anticipated greater participation in Cisco’s 2nd annual Innovation Grand Challenge, which we launched on June 22nd. I was expecting solid, steady growth of entries in key industry markets, such as Manufacturing, Smart Cities and Energy/Utilities.
But we were completely overwhelmed by the response!
By the time entries were closed two weeks ago (Sept. 7), we had received more than 3,000 entries in more than 100 countries from startups, incubators, entrepreneurs and independent developers. That’s three times the number of submissions as the first year of the competition and more than all four of our annual Grand Challenges combined. The top 10 countries with the most entries reflect the geographic scope and diversity of IoT innovation: United States, India, Australia, Canada, United Kingdom, Spain, Germany, Mexico, the Russia, and Indonesia.
In the past three months, we Read More »
Tags: Innovation Grand Challenge, Internet of Everything, internet of things, IoE
As we explored in my previous blog, today’s rampant pace of innovation can be likened to a Digital Vortex, where ideas, technologies, and even entire industries are swept to the center of the Vortex — recombining and merging into disruptive new business models.
In such an environment, digital business transformation is critical — and demands decisive top-down leadership. Nevertheless, as our Digital Vortex research revealed, 45 percent of companies don’t consider digital disruption a board-level concern.
That represents a dangerous level of complacency, especially for market incumbents. We all know the names of seemingly immune incumbents that rested easy as innovative disruptors combined technologies into new business models — challenging and disrupting them from seemingly out of nowhere. Those disruptors were innovative, agile, and, of course, digital (see chart below from our Digital Vortex research).
Source: Global Center for Digital Business Transformation, 2015
As Chris Skinner, author of Digital Bank, told our team, “If banks aren’t digital Read More »
Tags: Cisco, digital business, digital disruption, Digital transformation, digital vortex, IMD, innovation, Internet of Everything, IoE, leadership, research, thought leadership
Manufacturing is undergoing radical advancements, much like the ones we’ve seen in healthcare and education, thanks to the Internet of Everything (IoE) and all of the people, data, processes and things it connects.
By 2020, it’s estimated that there will be 50 billion devices and objects connected to the Internet, including many of the devices in the manufacturing world. “Smart” factories where machines “talk” to one another, fleet vehicles such as trucks and forklifts with sensors that monitor their movements, and even wireless inventory tracking devices are all in play at manufacturers across the globe. Manufacturers are embracing a new generation of Machine-to-Machine (M2M) and Person-To-Machine (P2M) systems, as well as mobile applications and cloud-based services that drive efficiency and innovation across their value chain.
All of these connected “things” and processes allow manufacturers to Read More »
Tags: Business Trends, ciscochat, Internet of Everything, IoE, Manufacturing, social media