There’s a lot at stake—$19 trillion in fact—as companies transform into digital businesses to capture value from the Internet of Everything (IoE). More than 42 percent of this value, or $8 trillion, will come from one of IoE’s chief enablers, the Internet of Things (IoT). While IoE is the networked connection of people, process, data, and things, IoT is the intelligent connectivity of physical devices that is driving massive gains in efficiency, business growth, and quality of life. So why worry about IoT when we have IoE? Simple, IoT often represents the quickest path to IoE and the $19 trillion that’s there for the taking.
Ten large oil refineries produce about 10 terabytes of data each day, which equates to the entire printed collection of the U.S. Library of Congress.
One modernized city the size of Singapore can generate about 2.5 petabytes of data every day, which translates to all U.S. academic research libraries combined.
And with more than 14 billion, data-transmitting devices connected to the Internet today, growing to 50 billion by 2020, it is little wonder that most of us are overwhelmed by this mind-boggling explosion of data.
Turning this flood of raw data into useful information and even wisdom for better business decisions and quality of life experiences is what the Internet of Everything (IoE) is all about. This is a daunting task. According to IDC Research, just .5% of all data is used or analyzed, and online data volumes are doubling every two years from a combination of mobile devices, videos, sensors, M2M, social media, applications and much more.
Connected Analytics Portfolio
Last Thursday, however, Cisco unveiled our Connected Analytics portfolio for the Internet of Everything, a unique approach that includes software packages to bring analytics to the data, regardless of its location or whether it is in motion or at rest. This new generation of analytics tools for IoE can convert more and more data into valuable intelligence — from the inter cloud, to the data center to the network’s edge.
Forward-thinking faculty members and staff at San Jose State University are using Internet of Everything technologies in innovative ways to transform education:
Project Assistant Quyen Grant is using Cisco collaboration technologies to expand learning across international borders, working with students and universities in Vietnam through the Social Work Education Enhancement Program (SWEEP); Advertising Professor John Delacruz is using Cisco TelePresence for his students to deliver final presentations to potential advertising clients who may be in remote locations. Julia Curry-Rodriguez, associate professor of Mexican American Studies, uses Cisco Lecture Capture to help non-native English speaking students improve their language skills.
These are just a few of the examples we learned about on December 10, 2014 at San Jose State University as they hosted global media, analysts, social media influencers, and Cisco for a series of roundtables that addressed how the Internet of Everything is impacting industries including education and the public and private sectors. Read More »
In the modern world, terms like “big data”and “open data”are making their way from tech industry forums and into local innovation initiatives across cities.
And Kansas City, MO., is no exception. Earlier this year, Think Big Partners– based in the City of Fountains and aspiring to be one of the most entrepreneurial cities in the United States –began a new collaboration with Cisco to architect a new open data portal that will be complete with some of the city’s public data sets, and eventually data from participants in this broader initiative. The goal of this portal is to help the entrepreneurial community gain easy access to relevant data in order to cull and develop their own creative Internet of Things (IoT) applications.
This new portal is one component of a larger effort for Think Big Partners, Cisco and other innovative companies to work together to manage a Kansas City “living lab” for entrepreneurs and start-ups from all over the country to tap into. The lab is designed to incubate an open ecosystem for these entrepreneurs, innovation partners and other members of the start-up community to develop new applications and technologies to address some of Kansas City’s biggest challenges. The opportunity to deploy these emerging technologies onto a larger scale, industrial platform and test them will accelerate IoT innovation through a unique commercialization model.
During the Global Editors Conference this week, where I virtually participated in a media roundtable hosted at San Jose State University on how the Internet of Everything is impacting public sector, I spoke about how Think Big Partners and Cisco are helping to create a new journey for data and IoT innovation using the new data portal as the vessel for this journey.
This new open data portal will serve as an intersection for entrepreneurs to not only have easy access to the data available, but to help the data continue on its journey to the community through the form of new apps.
Applications that have already emerged as near term, high potential candidates include smart parking, using video as a sensor, and sensors that improve delivery of municipal services especially in the area of water.
Think Big has a history of working as an innovation partner for large companies and will use the living lab, along with our Internet of Things Innovation Lab, to short circuit proof of concept challenges for entrepreneurs while testing new technologies using actual use cases. The combination of data, devices and expertise will yield powerful results at a fraction of the historical costs of commercialization technology.
As we approach 2015, I look forward to seeing this data and applications continue on its journey as the Internet of Things entrepreneur community continues to innovate and create new apps that will enhance the lives of Kansas City residents and in turn, transform cities.
Over the past few weeks, I’ve shared how we are helping our customers address one of their toughest challenges brought on by the Internet of Everything (IoE), Big Data and hybrid IT environments: effective management of the massive amounts of data, types of data and in various locations. With solutions like Data Virtualization , Big Data Warehouse Expansion and Cisco Tidal Enterprise Scheduler, we give our customers the tools to address this challenge head on.
Once you have access to all of your data…what next? The second challenge is to extract real-time valuable information from data in order to make better business decisions. As I’ve said before, more data is only a good thing if you use that data to better respond to opportunities and potential threats. Our customers certainly understand this and, in a recent Cisco study, 40% of surveyed companies identified effectively capturing, storing and analyzing data generated by connected “things” (e.g., machines, devices, equipment) as the biggest challenge to realizing the value of IoT.
The majority of data analysis has historically been performed after moving all data into a centralized repository, but digital enterprises will have so many connections creating so much widely distributed data that moving it all to a central place for analysis will no longer be the optimal approach. For insights needed in real-time, or data sets that are too large to move, the ability to perform analytics at the edge will be a new capability that must be incorporated into any comprehensive analytics strategy.
Analytics 1.0 was all about structured data, in centralized data repositories. Analytics 2.0 added unstructured data and gave rise to Big Data. Analytics 3.0 will require all of those existing capabilities but will also require data management and analytics capabilities closer to where the data is created…at the edge of the network.
With this new approach in mind, today we announced Connected Analytics for IoE, packaged, network-enriched analytics that leverage Cisco technologies and data to extract real-time valuable information called:
- Optimize the fan experience – Connected Analytics for Events monitors Wi-Fi, device and application usage along with social media to deliver insights on fan engagement and business operations.
- Improve store operations and customer service – Connected Analytics for Retail supports analysis of metrics, including customer and operational data in retail environments, to help stores take new steps to assure customer satisfaction and store performance.
- Enhance service quality, customer experience and unveil opportunities for new business – Connected Analytics for Service Providers provides near real-time operational and customer intelligence from patterns in networks, operations, and customer system data.
- Understand how to get the most out of your IT assets – Connected Analytics for IT provides advanced data management, data governance, business intelligence and insights to help align and get the most out of IT capabilities and services.
- Reveal hidden patterns impacting network deployment and optimization – Connected Analytics for Network Deployment analyzes devices, software, and features for inconsistencies that disrupt network operations and provides visualizations and actionable recommendations to prioritize network planning and optimization activities.
- Understand customer patterns in order to meet quality expectations and uncover monetization strategies – Connected Analytics for Mobility analyzes mobile networks to provide network, operations and business insights for pro-active governance to Wi-Fi solution customers.
- Gain a holistic view of customers across data silos – Cisco Connected Analytics for Contact Center delivers actionable customer intelligence to impact behaviors and outcomes during the critical window of customer decision making. Having the right offer at the right time will drive market leadership.
- Measure the impact of collaboration in comparison with best practices – Cisco Connected Analytics for Collaboration measures the adoption of collaboration technologies internally. It leverages data collection using the Unified Communications Audit Tool, from sources such as WebEx, IP Phones, Video, Email and Jabber.
The portfolio also includes Cisco Connected Streaming Analytics, a scalable, real-time platform that combines quick and easy network data collection from a variety of sources with one of the fastest streaming analytics engines in the industry.
In the world of IoE, data is massive, messy, and everywhere, spanning many sources – cloud, data warehouses, devices – and formats – video, voice, text, and images. The power of an intelligent infrastructure is what brings all of this data together, regardless of its location or type. That is the Cisco difference.
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