Making the Right Connections Opens New Doors to Digital Business Success
The digital transformation of business isn’t just about the connection of things, though those connections are certainly important. Industrial or IT automation can take many forms, whether it’s connections between people, the connections between people and things or, perhaps most importantly, the processes that that enable connections of all kinds to happen quickly and intelligently. Without order, digital business transformation runs the risk of becoming digital chaos. What’s most essential in every case is creating the desired business outcome.
Hyper-Distribution: Billions of Connections Shouldn’t Mean Billions of Headaches
But connecting all these things isn’t easy. 50 billion things are projected to be connected to the Internet by 2020. Along with this hyper-distribution of things also comes the hyper-distribution of data. No longer is data only found in large centralized warehouses – it is being dynamically captured and acted upon at the edge of the network to respond to events in real time.
Organizations are struggling with the management of business processes in this expanding, hyperconnected world. Value chains are increasingly global, yet the decisions that need to be made are becoming increasingly local — and they need to be made in real-time. Hyper-distribution is fragmenting traditional business processes. Dealing with this growing complexity was identified as the number one IoT management challenge in a 2014 business study.
Not surprisingly, companies are being forced to re-imagine their processes and many are turning to software to turn what is being imagined into business reality. And they are calling upon new forms of automation and analytics to do it. Real business transformation will only occur when things connect with both people and process to turn information into actionable intelligence. Automation facilitates the new connections. Analysis gives the connections new meaning. Da Vinci instructs us, “Simplicity is the ultimate sophistication.” Finding ways to make the increasingly complex world of hyperconnectivity both simple to understand and simple to implement is the ultimate challenge for the networking industry.
What do I mean by hyper-distributed business process? Let’s take a look Read More »
Whoever said, “Youth is wasted on the young,” didn’t meet the next generation of innovators. This year’s winners of the IoT World Forum Young Women’s Innovation Grand Challenge demonstrated amazing technical and industry know-how – plus a whole lot of heartfelt social awareness – far beyond their years. They’re not wasting any time at all!
The Grand Challenge connected with a highly diverse group of 1,500 girls aged 13-18 who submitted 400 entries from 171 countries. I was overwhelmed by the maturity of their proposals, which were focused on leveraging IoT technology to improve how we live, work, play and learn in a wide range of industries.
Every new technology revolution creates new technology company powerhouses and relegates others to the ashes of history. The PC revolution gave us the likes of Microsoft and Intel, the Internet revolution created companies like Cisco, Google, and Amazon, and lately the mobile revolution has created market giants like Apple, Samsung and Facebook.
We are in the early days of another transformative technology revolution – The Internet of Things. Connected everything to everything in a smart, data-rich world will fundamentally transform Read More »
The influence of the Internet is often overlooked considering its ubiquitous presence in all facets of our lives today. But we have entered a new era in the life of the Internet and it begs the question, what role will it play in the future? The Internet of Everything is paving the way in to the digital era, bringing with it the proliferation of network-connected objects, processes, living things, and mountains of data that will truly change our world.
Let’s then take a look at a concept of the connected port and the capacity of far-reaching payoffs for the cities that house them, port operators, their business customers, and the end consumers. Today’s ports play a critical role in the global economy, and are at the heart of world trade and the movement of goods. Ports in the United States alone move over $1.3 trillion in cargo annually. With that, any disruption – whether it is a criminal act or a case of simple operational inefficiencies – would be a detriment to the global economy.
As city port authorities face increased safety and security regulations and mandates, they also need to reduce costs and improve operational efficiency. Additionally, things like real-time data collection and exchange across vessels, ports, cargo and land logistics are providing new revenue streams. Local businesses can gain a competitive advantage and cities can open new economic and trade markets by embracing the Internet of Everything on its digital transformation journey.
As a connected consumer, I can buy a book, plan a vacation, or choose a movie from any number of devices and from any location (home, office, car, or airport!). These interactions are not only convenient, they are more and more highly personalized and tailored to my likes and dislikes. We have all experienced this on Amazon and other commerce sites.
Unfortunately, we don’t get this experience from many banks.
In a Cisco survey of more than 7000 smartphone users and bank customers in 12 countries, 43 percent said that their primary bank did not understand their individual needs. Bank customers in China (54 percent), Brazil (52 percent), Mexico (49 percent), and India (46 percent) felt even more disconnected (see chart below).