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Accelerating open innovation on all fronts at Cisco

I introduced Cisco Entrepreneurs in Residence (Cisco EIR) earlier this year as a cornerstone in our strategy of embracing open innovation at Cisco. I also shared how we were extending Cisco EIR and open innovation across the US through local incubation partners, and I announced the launch of Cisco EIR in Europe. Now I would like to share updates on the great progress we are making with Cisco EIR as a catalyst of open innovation at Cisco.

Startups Selected to Join Cisco EIR in Europe

Last week we were excited to announce the six startups that will be joining our Cisco EIR program in Europe at the Pioneers Festival in Vienna. The six winners – innovating in the areas of Smart Cities, Internet of Everything (IoE)/cloud and Big Data/analytics – were chosen through a rigorous multiphase selection process conducted in collaboration with Pioneers. More than 350 applicants from 39 countries applied to join Cisco EIR Europe, with 15 finalists pitching live at the Pioneers Festival in front of Cisco experts and our European partners. Winners were selected based on the viability of their business plans, the strength of their teams and their alignment with Cisco’s IoE vision and strategy.

We were impressed beyond our expectations by the vision, passion, talent and technology of all 15 finalists. These startups made us more excited and convinced than ever that Europe was the right platform to discover and nurture the next generation of disruptive ideas for our industry and for Cisco.

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Video Games, Video Conferencing and YouTube: The Job Search of the Future

In this guest blog, Jeanne Meister, Partner, Future Workplace and Co-author of The 2020 Workplace: How Innovative Companies Attract, Develop & Keep Tomorrow’s Employees Today (Harper Collins) shares her insights on the future of work in an Internet of Everything (IoE) landscape. The description of the new hire process in the blog post below is adapted from Chapter 1 of her book, The 2020 Workplace.   

Job searching, hiring and our daily work life are rapidly changing thanks to technological innovations.  Knowledge workers are gaining greater control and flexibility over their employment experience.  This will start from the moment job seekers begin an employment search.

According to the 2014 Cisco Connected World Technology Report, more than 60% of workers report that their current or future job searches will not be limited to their hometown, or even country.

Organizations will need to evolve their processes to find and hire the best talent in the future.  Today’s methods won’t work with tomorrow’s workforce.  Consider the case of “Katya,” a top graduate from a well-respected university in 2020. After graduation, Katya will land her first job at D&Y, one of the country’s last two major accounting firms.

Submitting an online resume and completing several rounds of in-person interviews will not be the way Katya gets hired. Read More »

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Predictive Maintenance: The Business Impact of IoE for Mining Companies

What if an industrial vehicle or piece of equipment could tell you to change a part or warn you before it breaks?  The impact for mining and other industrial companies would be tremendous in terms of reduced downtime and maintenance costs.  As I spent time with mining executives at the recent SAP Mining Forum, many interesting discussions were around the impact of the Internet of Things (IoT) in their operations. In fact, Cisco and SAP have been working on using (or ‘mining’) the wealth of data from sensors and machines in new and innovative ways.  

The most immediate impact of IoT on mining is in the improvements to maintenance of mining heavy machinery and assets.  Based on the many conversations I have had with industry experts,  it is apparent that many in the mining industry  are using a ‘break to fix’ mentality on their assets.  They ‘push’ the asset to a point that it breaks.  The issue here is that this approach is unpredictable and incredibly costly to the operations of the business. Waiting until a machine breaks leads to downtime which leads to lost revenue. Read More »

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Ensuring Security and Trust Stewardship and Accountability

In our increasingly interconnected world, the Internet of Everything is making trust a critical element of how people use network-connected devices to work, play, live, and learn. The relentless rise in information security breaches underscores the deep need for enterprises and governments alike to trust that their systems, data, business partners, customers, and citizens are safe.

Consequently, I see an evolution taking place regarding accountability in cybersecurity moving up to the boardroom level, an issue I discussed earlier this year in Fortune. In a recent Information Systems Audit and Control Association (ISACA) report, 55 percent of corporate directors revealed that they have to personally understand and manage cyber as a risk area. The National Association of Corporate Directors recently published a document on corporate directors’ ownership and management of risk in cyber for public companies. In March of this year, an SEC commissioner said that the SEC plans to create a requirement for corporate directors regarding managing cybersecurity as a risk.

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Go Mercedes, and Leave the Driving to IoE

As they speed through the clouds, most air travelers are comfortable knowing that their pilot is not actually bothering to fly the plane. On the open highway, however, it may be harder to accept truck drivers who take their hands off the wheel to text, watch movies, or gaze at the scenery as it rolls lazily by.

Yet self-driving trucks could become a common sight in coming years. One company at the forefront of this technology is Daimler’s Mercedes-Benz brand. Recently, the company demonstrated its “Future Truck 2025” concept, with a modified vehicle that cruised down the autobahn at a top speed of 53 MPH. The driver was able to switch at will between manual control and the automated Highway Pilot system,.

I see the Highway Pilot as an exciting example of how the Internet of Everything (IoE) connects the unconnected. Using a convergence of innovations that leverage Wi-Fi, data analytics, radar, GPS, and stereo video sensors, Highway Pilot steers the truck, senses other vehicles, and maintains the most efficient speed and route.  IN the process, it enables a whole new technology platform and business model. After all, many countries face a shortage of truck drivers; and fuel consumption issues and safety concerns persist — especially on long, grueling hauls.

I see the self-driving truck Read More »

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