For organizations looking to take advantage of the wave of digital disruption that’s sweeping industries on a global scale, getting into the heads of their customers is probably the best place to start.
With tech trends like social, mobile, cloud and Big Data converging, organizations who want to remain competitive are in a race to adapt to the new realities of digital disruption. A March, 2015 Forrester Research Inc. report, “Digital Predator or Digital Prey?” has shed new light on what these trends can mean for business vitality, serving as a wake-up call for organizations.
According to the in-depth report, by 2020, every business will become either a digital predator, able to achieve digital mastery and create new value sources for customers or digital prey, industry “dinosaurs” who’ve adapted too late or not all – eventually becoming extinct. And though many industries have gotten ahead of the trend, others are woefully behind, remaining static in an Internet of Everything-connected world that simply flows around them.
Interestingly, research conducted through the Global Center for Digital Business Transformation, an IMD and Cisco initiative, revealed that 45 percent of companies don’t see digital disruption as a subject worthy of board-level attention. And another third of respondents have adopted a “wait-and-see” approach to decide whether or not they will re-examine their end-to-end customer approach in regards to digital.
Forrester’s Nigel Fenwick, co-author of the Digital Predator or Prey report, joined me as a guest of our Future of IT Podcast series to discuss this and more.
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Tags: Cisco, Internet of Everything, internet of things, IoE, IoT, Mike Riegel
Earlier this month fashion aficionados converged on Portland, Oregon to attend our city’s official Fashion Week. Like the famed New York Fashion Week show at Bryan Park, FashioNXT Portland 2015 set up camp in our hip Pearl District to showcase what’s next in fashion. Models representing extraordinary designers from around North America, and as far away as Colombia, the Philippines, and China, walked the runway.
Me and my sister Sarah, my very own personal fashion consultant, at FashioNXT.
While I definitely like to be stylish, my primary interest included the world’s first-ever wearable technology fashion competition. Not surprising, wearable technology is a market segment that Business Insider predicts will grow 35 percent each year for the next five years. While wearables are currently dominated by smartwatches and fitness bands, I attended FashioNXT Portland for a hintof what innovations are on horizon.
Fashion’s Limitless Opportunities
It’s exciting to see how the Internet of Things (IoT) is completely disrupting the way we work, live, play and learn. For the most part wearable technology is for fun. Of course, the Fitbit and Apple Watch come to mind.
But wearable technology is beginning to make gains in other areas as well. An IoT innovation that has the opportunity to make a significant impact is the iTBra. It’s basically a bra patch embedded with an IoE sensor to detect early breast cancer. Now that’s incredible.
At FashioNXT, I saw amazing ways to blend fashion and technology. Each of the competition’s three finalists were quite different—yet equally intriguing.
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Tags: FahioNXT, fashion, innovation, internet of things, IoT, lindy bartell, Portland Fashion Week, wearable technology
Not your typical Cisco office: openBerlin is ready to innovate with the best startups and accelerators.
At yesterday’s inauguration of Cisco’s ninth Innovation Center in the world, Berlin’s smartest new facility was abuzz with startup-like excitement for the possibilities of what the new digital world can deliver. I mingled with Cisco colleagues, customers, partners, app developers, entrepreneurs, thought leaders and the media in our latest showcase working lab, embedded with more than 10,000 sensors and all the networking hardware and software needed to co-innovate industrial solutions around the Internet of Things (IoT).
Indeed, the world is increasingly more connected. Some 13 billion devices are now connected through the Internet. And now, openBerlin, a Cisco® Innovation Center will link with an inter-connected network of eight other Innovation Centers in major cities around the world, sharing local expertise to support development of the latest outcome-based solutions that can be scaled and replicated globally. Read More »
Tags: Alex Goryachev, Digital transformation, Innovation Centers, Internet of Everything, internet of things, IoE, IoT, startups
In the future, all cities will be smart cities. With more than one-half of the world’s population living in cities innovative new IoT solutions, such as smart parking, connected waste, and traffic management, hold great promise for combatting the major challenges of rapid urbanization. We are unlikely to see many Jetson-like smart cities of the future appearing overnight. However, like in the past with the adoption of revolutionary technologies such as sewers, electricity, traffic lights, and the Internet, mayors will slowly implement IoT solutions to save money, shape the future and make their cities better places to live.
The Internet of Things offers cities the unique opportunity to generate new revenue, save costs, improve efficiencies and increase the overall value and experience for its citizens. Solutions like smart lighting can greatly reduce a city’s expenditure on electricity and operations, while at the same time improving the safety and security of the inhabitants. Smart parking not only allows people to spend less time in their car searching for an open parking spot, it actually creates new sources of revenue for the city. Parking can now be priced on a variable, demand-driven basis, rather than a fix fee irrespective of the time of day. Such pricing flexibility allows rush-hour spots to generate much higher revenues than those available on a Sunday morning. Security cameras and traffic management solutions not only make citizens safer and save them time, but they allow police and emergency forces to be much more efficient and responsive to potential incidents.
All of these exciting and innovative solutions will truly deliver real value to the city and its inhabitants. I think that the next big source of innovation will be Read More »
Tags: Cisco, future, internet of things, IoT, Service Provider, service providers
The time is ripe for an IoT explosion. The number of connected “things” in the world has skyrocketed from about a million in the early 1990s to 13 billion today. As the Internet of Everything (IoE) gains momentum—digitizing business processes in every industry—we expect to see 50 billion connected devices by 2020. The technology connecting all these devices has become affordable and easy to integrate. But that is not the primary reason for this explosion in connected devices. I believe we are entering a “golden age” of digitization because of the confluence of the following factors:
Business Relevance: Lines of business (LOBs) are emerging as a key buying center for technology. The executives running plants, oil fields, or logistics systems have realized that technology solutions can deliver business outcomes critical to their business success —beginning with improved productivity, increased uptime, and reduced costs. It used to be that LOBs would work only with specialized integrators for specific, customized solutions. Today, business leaders want to change the way they consume technology. They are looking for technology providers who, together with a comprehensive ecosystem of partners, can pull together business-relevant solutions based on open standards and architectures. To meet these needs, technology companies such as Cisco are changing how we operate and how we go to market. Cisco has invested heavily in developing vertical solutions based on horizontal capabilities. We have built deep services practices and vertical go-to-market capabilities, and have invested in a comprehensive ecosystem of partners with whom we deliver not just great technology, but solid business outcomes.
IoT adoption is being driven by the move to open standards and IT/OT convergence, helping to power better business outcomes across industries.
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Tags: digitization, Internet of Everything, internet of things, IoE, IoT, IT/OT convergence, Maciej Kranz, open standards