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IOT World Forum Private Sector Roundtable

The Internet of Things (IoT) is here and driving change in every industry, including the private sector. As companies begin to widely create Internet of Things innovations, businesses are adapting and connecting the unconnected and advancing their business goals. There is approximately $14.4 trillion at stake in the private sector over the next 10 years – and as our panelists today will share, the value realized by introducing their business to the Internet of Things has already been enormous.

In a discussion moderated by Chris, White, Cisco Senior Vice President of Sales for Internet of Everything, our panelists will be sharing how they have deployed Cisco technology to capture the value added by the Internet of Things – and how they are translating that into business outcomes and industry leadership today. Read More »

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“The Internet of Things is More Than Just “Things” – Five Technology Pillars to Pay Attention To

It has been 15 years since Kevin Ashton popularized the term the Internet of Things. How could we have known then what that would come to mean and the huge impact that it would have on our lives? Cisco projects that 50 Billion things (or devices) will be connected to the Internet by 2020; or, the equivalent of 6 devices for every person on the planet. This exponential growth of connected devices is fundamentally impacting both society and the economy—changing our lives forever.

IoT 10.15

However, with all of our focus and media attention on the Internet of Things, we are really missing the fundamental technology revolutions that are reshaping our world. Radical advances in processing, storage, wireless technologies and new ways of delivering technology are reshaping our world – all at a much faster speed and drastically reduced price.

In my view, the Internet of Things is really a short-hand for the five technology pillars that are shaping a revolutionary new, connected world. Read More »

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IoE is the Path to Gartner’s ‘All Things Digital’

This week, I had the opportunity to focus on digital business as an attendee and presenter at Gartner’s ITxpo in Orlando, Fla. It was a sold out crowd with 8,500 attendees and approximately 2,700 CIOs. And one insight that seemed to resonate with the audience was Gartner’s belief that by 2018, digital business will require 50 percent fewer business process workers and 500 percent more key digital business jobs.

At the ITxpo discussing how the Internet of Everything helps enable all things digital

At the ITxpo discussing how the Internet of Everything enables the transition to Gartner’s  All Things Digital

We already live in a world that is rapidly connecting people, process, data, and things in ways that were unimaginable just a few years ago. I believe that IoE is a key driver of this transition and a fundamental stepping stone to making “All Things Digital.”

Gartner defines All Things Digital as “blurring the physical and digital worlds to create new business designs.” Interestingly, Gartner focuses on people, business, and things, but omits process. Gartner’s view is that process will happen dynamically and be measured in not months or weeks, but nanoseconds. While this is a true statement, it reflects the end goal. The key question is, how does an enterprise become digitally enabled?

A first step in transitioning to All Things Digital, is embracing IoE by lighting up “dark assets.” A dark asset is something that is currently not connected to the Internet. A dark asset in itself however, does not create value.  ln All Things Digital, connected devices begin to talk with other connected devices. These devices interact with one another dynamically, which in turn creates processes in just nanoseconds. In this environment, IoE allows you to understand what process to focus on and which assets to connect. In other words, IoE is the pathway to Gartner’s All Things Digital.  The overarching goal is business outcomes. One retail example is connecting a parking lot to a retail store. In a recent trial, we found that data from parking lot sensors, when analyzed correctly, can predict when checkouts will get busy, so that more cashiers can be deployed. There are many other dark assets in a retail environment that have the potential to increase revenue, lower costs, and grow margins once they are lit up.

Gartner Blog Image

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1871 and Lighting a Fire For IoE innovation

This morning I had a pleasure of joining 1871 CEO Howard Tullman, Illinois Governor Pat Quinn and many others in launching the expansion of 1871. 

Launched in 2012, 1871 is a leading Chicago non-profit incubator that provides affordable co-work spaces to Chicago entrepreneurs as well as community gatherings and programs such as tech talks, hackathons  and more.  They’re named after the fire of 1871 – not because of the destructive nature of the fire, but because of the innovation and ingenuity that built up Chicago afterwards.  1871 is true to its name as we’re seeing a similar surge of innovation and ingenuity from the startups that are based there.

Cisco was a founding sponsor of 1871 and today we’re expanding that sponsorship.  Cisco will be offering equipment, tools, training, and mentorship to members of 1871 (and we’re sponsoring their wireless deployment!)  The goal of this collaboration is to support entrepreneurs that are building Internet of Everything solutions.  Internet of Everything is the connection of people, processes, data, and things to the internet – connecting the previously unconnected. With an expected 50 billion devices that will be connected in just the next 5 years (up from 13B now) – there is a strong need for creativity and ingenuity as we build the infrastructure and systems to support all of those connection. We hope that this collaboration will lead to identifying promising companies for closer cooperation – with the possibility of developing joint solutions and bring products to market.  Read More »

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Introducing the Industry Talent Consortium

The Internet of Everything (IoE) will connect people, data, processes and things into a vast web of communication that is already dramatically changing how we live and work. Cisco projects that by next year, 25 billion devices will be connected, and that number will double by 2020. This expanded and enhanced connectivity carries tremendous opportunities for organizations and individuals as job roles and networks change.

An irony exists, though, in the midst of all this new opportunity. There are over 11 million unemployed people in the US today, yet 45 percent of employers cannot find qualified candidates for open jobs. Klaus Schwab, Chairman of the World Economic Forum, encapsulates our current dilemma: “We have entered a global economy where talent and skills shortages challenge economic and business growth around the world.”

The debate about whether the skills gap exists is over. It is real, and it is serious. The 2014 Cisco Annual Security Report indicates a shortage of more than a million security professionals across the globe in 2014. Employers are facing challenges finding people with the necessary skills for new industry jobs such as data scientists, cybersecurity specialists, industrial network engineers, mobile app developers and network programmers.

The business outcomes, productivity gains and organizational efficiencies that are attainable through IoT can only be achieved with a skilled and competent workforce. There is a need for reskilling the existing talent pool and bringing new employees into the workforce to align with the skills needed for the future.

A skills gap of this magnitude must be met head-on and as quickly as possible. It’s too big for any one entity to tackle; it requires a group of dedicated stakeholders. Toward that end, the IoTWF Steering Committee is introducing an Industry Talent Consortium It’s a gathering of employers, academia, industry change agents and human capital solution providers to connect talent who have pre-requisite skills to employers – after necessary training and certifications.

Key players in each of these areas will bring their subject matter expertise to the table:

  • Academia (The New York Academy of Sciences, MIT, Stanford) will help prepare students through degree programs, professional development and in partnering with companies to provide training for the jobs of the future.
  • Human Capital Solution Providers (Careerbuilder) will help identify top jobs, regions, supply/demand and skill gaps.
  • Employers (Rockwell Automation, Davra Networks, GE) are looking to hire individuals for the new job roles.
  • Change Agents (Cisco, Xerox, Rockwell Automation, Udacity, Pearson, Knod) will create education curriculum, training and certifications that will help train and validate the skills needed for the new jobs.

Working together, we will identify skill gaps, find talent with the right background to up-skill or re-skill, create and implement the needed training and certification programs, recruit them into appropriate degree or certificate programs and hire that talent for the jobs that will power the Internet of Everything. The Industry Talent Consortium is, in a real sense, a battle stance on behalf of our collective, connected future. The Consortium will continue to evolve, adding new contributing partners as its scope and scale increases.

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