During a panel on IoE in Business last week, Stanley Black & Decker announced the results and estimated productivity savings, upside revenue, and risk cost avoidance of a new Connected Factory Wireless implementation conducted with Cisco and AeroScout Industrial. In partnership with AeroScout, we’re excited to share the details on how Stanley Black & Decker has transformed manufacturing operations with IoT.
Visit our post on the IoE Blog where Patrick Gilbert, AeroScout Industrial and I share details about Stanley Black & Decker’s plant in Reynosa, Mexico and best practices that helped Stanley Black & Decker improve labor utilization by 12 percent, increase throughput by around 10 percent, and reduce material inventory carrying costs by 10 percent.
Blog authored by Chet Namboodri, Cisco and Patrick Gilbert, AeroScout Industrial
Last week, at an Internet of Everything event in Chicago, Cisco and its partners showcased how an increase in connected devices is improving lives and businesses in both private and public sectors. From connected energy to more efficient hospitals to smart cities, the Internet of Everything (IoE) is producing real, transformative results. Amongst industries—even considering all of the existing automation and controls implementations from the last 50+ years—manufacturing has the most potential for growth and development by connecting the unconnected, estimated by Cisco to have nearly $4 trillion in IoE opportunity value at stake through 2022.
During a panel on IoE in Business, Stanley Black & Decker announced the results and estimated productivity savings, upside revenue, and risk cost avoidance of a new Connected Factory Wireless implementation conducted with Cisco and AeroScout Industrial. Stanley Black & Decker, headquartered in New Britain, Connecticut, is a leading global provider of hand tools, power tools and related accessories, mechanical access solutions, electronic security and monitoring systems, and products and services for industrial applications. They’re generally familiar to anyone who’s ever tried their hand at remodeling or handiwork. In 2005, Stanley Black & Decker opened a new plant in Reynosa, Mexico, to manufacture dozens of products, such as jigsaws, planers, cordless drills, floodlights, and screwdrivers for the DeWALT brand and lawnmowers for the Black & Decker brand.
This week I’m excited to participate in an event we are organizing in Chicago, home of the 2014 Internet of Things World Forum. We’re meeting with some of our partners and customers as we make a few joint announcements – including a new IoE Innovation Center in Barcelona, and showcasing some new solutions built on our platform by some of our partners. Additionally, I’m getting a preview of some of the amazing smart & connected deployments in Chicago – a preview for the IoT World Forum.
I am writing this blog as I gear up to lead Cisco’s Internet of Things (IoT) Systems & Software Group. Over the last few weeks I’ve spent time getting to know the group and have been struck by the tremendous energy and focus on customers and partners the team has. I’m also excited about how dynamic the Internet of Things space is.
While we’ve calculated the total economic value at stake for Internet of Everything by 2020 – $19T – and the number of potential connected devices – 50B – these nearly unfathomable numbers may, honestly, not pan out exactly to the decimal. The Internet of Everything could be smaller or, more likely, much much larger – but the overall point is that more and more people, process, data, and things are connecting. Professor Michael Nelson of Georgetown University has said that “Trying to determine the market size for the Internet of Things is like trying to calculate the market for plastics, circa 1940.” At that time it would have been nearly unfathomable for the numbers of existing things – milk containers, furniture, industrial components – to be made into plastic. And just as plastics have pervaded every part of our lives and enabled new industries, the connections created by Internet of Everything will too. I think that’s a great way to think about the untapped potential of this market. Read More »
The Internet of Things (IoT) has made a profound impact on our lives. However, it also means that more personal information and business data will be passed back and forth in the cloud, and with that comes new security risks, new attack surfaces, and new kinds of attacks. And with an unprecedented number of companies staking the future of their businesses on the pervasive connectedness that the IoT world promises, business leaders need to empower their technical teams to create secure IoT networks.
Most organizations deploy disparate technologies and processes to protect key elements of their businesses, including the information technology (IT) that is typically focused on information protection and operational technology (OT) charged with managing control networks that support critical infrastructure, as well as physical spaces. I recently encountered a company that implements more than 80 security products for different tasks. Many of these systems don’t work together, which in turn limits the level of security this company can achieve.
In an IoT environment, we need to accommodate the priorities of both IT and OT networks, balance physical safety and security requirements, and also begin to implement cybersecurity solutions to equally protect all networks from attack. Solutions must be put into place to protect the device, control levels of the network, and the data contained and shared. We need to shift our mindset from considering each object in isolation, to looking at the whole. Attackers are taking a holistic view of the IoT and defenders must do the same.
Today, I am pleased to announce the launch of Cisco EIR Europe, extending our program to a non-U.S. innovation hub for the first time. Cisco EIR will be located initially in Vienna, where we plan to launch a small cohort of early-stage European startups by January 2015 – to be supported & incubated by Cisco – drawn from across EMEAR. As with Cisco EIR in Silicon Valley, we will look for game-changing entrepreneurs in IoE, security, Big Data/analytics, Smart Cities & other transformational opportunities that are in Cisco’s strategic line of sight. Also as in our Silicon Valley program, the startups will be supported by Cisco engineering & product teams as well as our EMEAR partner ecosystem. The Vienna-based program is intended to serve as the beachhead – our “Phase 1” – for a broader EU-wide footprint for Cisco EIR.
Key to our success is how we leverage the startup ecosystem that already exists in Europe. To this end, starting in Vienna, we have partnered with Pioneers, a leading startup community organization in Europe. More partnerships are in the works.