On March 26, I gave a presentation on Cisco’s culture of innovation at the Unleashing Innovation Summit in New York City. This venue gave me the chance to discuss our belief that the next billion-dollar idea can come from anywhere and that our innovation strategy and culture reflect that philosophy.
Innovation is a core part of Cisco’s values and culture, and we don’t limit innovation to dramatic technological breakthroughs. Instead, we see innovation spanning the full range of all we do – from sustaining innovations, which enhance the capabilities of existing products and services; to disruptive innovations, which create new markets; to business process improvements, which fuel growth, competitive advantage, and customer satisfaction. Read More »
Tags: Cisco Investments, Cisco Spark, Internet of Everything, Internet of Everything Innovation Centers, internet of things, IoE, IoT, Kip Compton
Remember the halcyon days of the Dot-Com era? A frothy stock market, venture capital money flowing like water and famous sock puppets characterized the exuberance of the day. One company (Boo.com) spent $188 million in just six months to create an online fashion store. And 16 start-ups spent over $2 million each for a 30 second advertising slot during Superbowl XXXIV to crow of their existence. But, all of the money didn’t matter – the mantra was all about capturing “eyeballs.”
The business theory of the day was that if you could get people to your website (the eyeballs) then somehow the money would come gushing in. You were a heretic if you questioned how that would happen. Eyeballs were a very monetizable item, so the more of them the better. Of course, we know what happened. The Dot-Com era came to a Read More »
Tags: advertising, Big Data, Cisco, dot-com, internet of things, monetization, Smart Cities, wifi
Recently, I have been reading about organizational evolution. There are some great articles and insights out there, but the common theme running through all of them is that we face an unpredictable future and we need to be agile.
The pace of change is accelerating, and the modern agile organization will need answers for three key questions:
- What type of technology is going to be required?
- How will IT be delivered, and by whom?
- Where do we fit in? Us, people.
The Internet of Everything will enable the next great wave of growth. The technology within this wave will connect people, process, data and things. So much value will be realized and this transition will rely on key underlying technology development around cloud, security, mobility and networking. Of course, there will be great products and services, but Read More »
Tags: cloud, collaboration, innovation, Internet of Everything, internet of things, IoE, IoT, mobility, technology, unified communications, video
Springtime in Germany brings us Hannover Messe, one of the largest industrial conferences and exhibitions in the world. This year, Cisco will feature our validated and proven Manufacturing and Power Transmission & Control solutions. Our portfolio of market-leading industrial products and solutions offered with our complete lifecycle management services that address the key challenges of the fourth industrial revolution.
At our booth located in Hall 8, A25, learn how Cisco’s Connected Factory, Connected Oil & Gas and Connected Utilities validated architectures and industrial product portfolio delivers:
- Best-in-class industrial cyber and physical security protection
- Scalable IP based architectures and technologies that seamlessly integrate Profinet, and Ethernet/IP standards
- A faster path to Internet of Everything (IoE) value
- Optimized workflows and operation with secure remote access to global experts and real-time plant floor data analytics
Some of the key new capabilities we are highlighting include:
- Enhanced solution and product support for Profinet-based connected factories
- Updated industrial security by introducing identity management and services into Industrial networks to increase access security
Cisco technologies and products will be showcased and integrated into a multi-vendor and highly flexible production plant. In the SmartFactory KL booth located Hall 8, D20 we will be displaying a modularized automation and control structure that can be flexibly combine machines and automation modules in the production process. The demonstration will showcase the advantages of interoperability including quick setup and modifications to multi-vendor plant assets, product changes in real-time, and a versatile platform for production automation.
See one example of how we do it in this overview of our Industrial Ethernet (IE) 4000 switch series:
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Tags: 4th industrial revolution, Cisco Connected Factory, cisco cybersecurity, cisco industrial ethernet, Connected Oil & Gas, connected utilities, cyber-physical security, discrete manufacturing, Hannover Messe, IE3000, IE4000, internet of things, IoT
During your morning workout at the gym, a device on your arm measures each step and connects with…your bank. By monitoring your healthy lifestyle, the bank can then arrange a lower rate on your health insurance. Later, when walking toward your office, you notice an apartment for sale in a neighborhood you have been scouting for real estate deals. So you point your smartphone at the building to view an augmented-reality image superimposed on the building. In turn, you see the price, square footage, and a live link to your bank’s virtual mortgage advisor.
These kinds of scenarios could become commonplace, once banks embrace the opportunities of the Internet of Everything (IoE) era. While today’s digital consumers demand experiences that are relevant to their current context, many feel that banks don’t understand their needs. Contextual interactions may be common when buying books or streaming movies, but customers sense a “value gap” with their banks. And many are willing to trust disruptive innovators from outside the traditional realm of financial services to fill this void.
Banks can keep pace with customer demand by adopting IoE-enabled solutions that offer expert advice, value-added services and convenience, whenever and wherever customers need them — and do so securely. Wearables and augmented reality are among the more forward-looking innovations that banks should be exploring today. But there are many other ways for banks to reconnect with customers.
In a recent Cisco survey of banking customers in 12 countries, respondents were extremely receptive to five core IoE-enabled banking solutions centered on advice (virtual financial advice, virtual mortgage advice and automated financial advice) and mobility (branch recognition and mobile payments). Seventy-five percent would move their money to another provider for one or more of the five concepts. In emerging markets, respondents are twice as likely to move their money.
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Tags: analytics, augmented reality, banking, biometrics, CCS, Cisco, Cisco Consulting Services, data, digital, Financial Services, hyper-relevance, innovation, Internet of Everything, internet of things, IoE, Wearables