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Should women consider a career in cybersecurity? Absolutely!

With the United Nations’ International Girls in ICT day fast approaching on April 23rd, this is a great opportunity to discuss how we can get young women involved in careers in technology. Cybersecurity is an ever-present issue with companies and individuals suffering attacks daily. At Cisco, we believe that protection from threats does not rely on a single technology or solution, it incorporates both the processes and of course, the people. It is predicted that by 2017, an additional two million security professionals will be needed, but what many young people – particularly women – underestimate, is how rewarding and far-reaching a career in cybersecurity can be.

Taking, the UK as one example, cybersecurity employs 40,000 people and is worth £6 billion to the economy. Yet according to the Cisco 2014 Annual Security Report, more than one million positions for information security professionals remain unfilled around the world. What’s more, is that female cybersecurity staff only account for 11 percent of the global workforce. In Europe, the figures are even worse, coming in at only 7 percent .

Today there still remains a notion that IT is a “man’s job”. Women thinking of applying are often dissuaded as they may lack the confidence needed at the very start to pursue this career path. Yet, not only is this job market growing, but these jobs pay higher than other industries. We must do what we can to encourage young women to be fearless and pursue these fields of study, because they add new perspectives in the workplace that benefit business outcomes.

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Focus Magazine Explores the Future of Energy

If you could look into the future and get information about when your car might break down, or your water heater leak, you would probably find it very helpful. The information would allow you to take care of any potential problems before they actually develop. Many industries are now taking advantage of this kind of predictive knowledge, made possible by sensor technology, which allows for remote monitoring of assets. Read More »

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New Oil & Gas Study Reveals a Disrupted Industry Primed for Digital Transformation, Fueled by the Internet of Everything

If ever there was an industry and a time that epitomize “disruption,” it is the oil and gas industry today. Price declines of more than 50 percent since June 2014 have upended the sector, and dominate the agendas of industry executives. In fact, a new Cisco study identified “energy price volatility” as the external market force causing greatest concern for the industry today. The study, “A New Reality for Oil & Gas: Complex Market Dynamics Create Urgent Need for Digital Transformation,” shows an industry ripe for transformation by the Internet of Everything (IoE).

In the past, oil and gas (O&G) companies have attempted to address oil-price declines by resorting to short-term cost-cutting measures to see them through the slump. But this time is different. For one thing, it does not appear that prices will recover any time soon—if at all. Demand is down, and new production technologies are driving efficiencies that will increase production and keep prices low for the long term. This time, O&G firms will need to do more than cut costs – they’ll need to change their operating models through digital transformation.

For the study, we interviewed oil and gas executives, consultants, and analysts in 14 countries about the industry’s challenges, opportunities, and priorities. These experts identified intelligence from data as the key area needed to improve operational efficiency, and data analytics as the No. 1 driver of faster, better decision-making.

Additionally, the survey named faster problem resolution, better process control, and improved worker safety as the top three business benefits of IoE-powered technologies. The top three IoE-driven operational benefits were improved production efficiency, reduced downtime, and equipment performance optimization.

As an industry, oil and gas has been “digitized” for some time. True digital transformation, however, now requires adoption of the Internet of Everything — the networked connection of people, process, data, and things — throughout the value chain. Innovative firms are using today’s turbulent market landscape as an opportunity to grab competitive advantage by harnessing new IoE technologies. Read More »

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How Banks Can Begin the Journey to IoE Readiness

Cisco’s recent survey of 7200 banking customers in 12 countries left me with a crystal-clear takeaway: consumers are ready for the Internet of Everything (IoE) — and they want it now.

But to meet that demand, banks need to assess their own capabilities as they begin to light up their own “dark assets” with network connectivity and embark on the journey to IoE readiness.

In our survey, we tested five key IoE-enabled banking concepts related to advice (virtual financial advice, virtual mortgage advice, and automated financial advice) and mobility (branch recognition and mobile payments). These concepts resonated with customers globally: 75 percent of all respondents would move their money to another provider for one or more of the five concepts. And while the interest is significant everywhere, in emerging markets, respondents are twice as likely to move their money. Read More »

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Secure Access Control in the Internet of Everything

In my role leading the development of Cisco’s IoT Systems and Software, I spend a fair amount of time speaking at industry events and talking with customers and partners. There is a lot of excitement about the Internet of Everything (IoE) – the intelligent connection of people, processes, data and things to the Internet – as it continues to take hold, bringing unprecedented economic opportunities to both the private and public sectors.

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