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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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Embracing Data & Analytics in the IoT with Our Partners

Massive amounts of data are being created in new places. A Boeing 787 creates half a terabyte of data per flight. An offshore oil well can create up to 10 terabytes in just 24 hours. These are examples of the Internet of Things (IoT). Within the IoT, a huge volume of these non-traditional devices (i.e. things) are being connected by the network.

Imagine if these ‘things’ could talk.

What could they tell us about safety, operational efficiency, and interactions with people using this technology? Well….these things can talk. In fact, they are talking all the time through the large volumes of data they produce. In order to utilize this data to empower business decision-making, we need to understand it. That is where analytics come in. Simply put, analytics is using software to look for patterns in large volumes of data. Patterns help you understand some aspect of your business, so you can make better decisions to achieve the desired outcome.

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Cisco Demonstrates IoE, Telehealth, and Virtual Pediatric Networks related Business Impacts at HIMSS 2015

On April 13, 2015, Cisco kicked off day one of the annual HIMSS healthcare conference by hosting a media panel to discuss a range of healthcare technology topics impacting the U.S. as well as around the world including the Internet of Everything (IoE), telehealth, and the use of virtual pediatric networks (VPN).

Members of the media heard from leaders in the healthcare industry about how they are utilizing the latest technologies to provide enhanced healthcare to patients, the meaningful impact on patient-doctor interactions as well as the broader social impact on the community as a whole.

One such example discussed at HIMSS was the results of a program piloted by Cisco; the Federal University of Sergipe, Brazil; and other key partners in Sergipe to bring care via telehealth technology to underserved children who may not have convenient access to physicians given they’re located in such a remote north-east region of Brazil.

On April 13, Cisco released a report called Connecting Brazil’s Children to a Healthier Future, which includes results based on a survey conducted by Cisco. The results indicated that telehealth helps enhance the quality of care to patients, and also reduces travel time it takes to visit a medical specialist. So rather than traveling to a bigger city in Brazil to see a specialist, patients and their families can remain in Sergipe but meet with a specialist over video. Some of the key findings from the pilot illustrate how the technology is having a powerful impact on the patient care. For example, 93% of patients surveyed and who participated in virtual consultations found them effective and were satisfied with their experience.

The pilot, which is slated to go into full production later this month, utilizes Cisco collaboration technology, for example, to help with virtual patient-to-physician consultations. This connectivity allows for the patients located in Sergipe to receive consultations from medical experts residing outside the region – a method that allows patients to tap into a wider pool of medical expertise.

Additional supporting resources:

Connected Healthy Children – Brazil Video (English)

Connected Healthy Children – Brazil Video (Portuguese translation)

Connected Healthy Children – Brazil Video (Spanish translation)

Connected Healthy Children Program

Brazil Starts Pediatric Care Through Telemedicine in Sergipe

Connected North

Virtual Pediatric Networks Connect Doctors with Doctors

As healthcare challenges are being addressed around the world, many healthcare challenges are actively being addressed inside the U.S. During the HIMSS event, media heard from CHOC (Children’s Hospital of Orange County) about the implementation of a virtual pediatric network.

This virtual pediatric network utilizes Cisco technology and creates a hub to connect leading pediatric oncologists from CHOC Children’s and five other leading hospital locations with one another to collaborate on how to treat children and teens with rare forms of cancer. The VPN consortium aspires to link to 200 cancer centers of excellence globally including 8,000 physicians through the Children’s Oncology Group (COG) http://www.childrensoncologygroup.org.

For more on how CHOC Children’s is utilizing the virtual pediatric network, watch the video here: https://www.youtube.com/watch?v=97LPNwSwXcg&feature=youtu.be

These are just couple of examples where we see the true impact of technology on the healthcare industry. Over the next few years, we are going to see increasing adoption of these types of technologies, which ultimately is going to result in improved quality of patient care. To say the least, we live in very exciting times and we are just at the tip of the iceberg!

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Bit Stew and Cisco collaborate to bring intelligence and automation to the digital oil field

 

I caught up with Franco Castaldini, VP, Marketing at Bit Stew Systems to talk about Bit Stew and Cisco and wanted to know about where Bit Stew are going with product offerings, industry solutions, and customer  engagements. This is what he told me:

Franco Castaldini, VP, Marketing at Bit Stew Systems

Franco Castaldini, VP, Marketing at Bit Stew Systems

“It’s an exciting time for Bit Stew Systems as we extend our heritage in utilities into new markets such as the oil and gas industry. This week, the Bit Stew team is showcasing our MIx Solutions at the Entelec Spring Conference & Expo in Houston, Texas.

Bit Stew’s transformative MIx Core™ platform manages real-time industrial data at scale, automating the ingestion process, and utilizing machine intelligence both centrally and at the edge. Our MIx Director™ application (formerly Grid Director), harnesses the power of MIx Core, by building operator workbenches to provide industry-specific data models, search, reports, dashboards and so much more. MIx Director continues to serve as a container to plug-in MIx Apps™, which offers pre-built analytics, data adapters and visualizations that solve specific use cases that improve asset and operational performance.

Bit Stew majoring in Fog Computing with Cisco’s IOx Platform

With Cisco’s IOx® technology, Cisco’s field-based hardware devices such as the Cisco Connected Grid Router (CGR) and Integrated Services Router (ISR) bring a whole new level of capabilities to market. These devices are capable of hosting a guest operating platform where companies like Bit Stew can run our own applications like never before. Bit Stew is a member of the Cisco ‘Solutions Partner’ program.

Collaboration goes Beyond ‘Big Data’ and Drives Value

Bit Stew at Entelec

Bit Stew at Entelec

Bit Stew’s MIx Core takes full advantage of Cisco’s IOx technology, by embedding its core technology inside these Cisco fog devices, providing data analysis at the edge of the network and in cloud-based systems – all in real-time. Running MIx Core in the “fog” brings a significant new advantage for organizations that are dealing with massive amounts of data running on complex networks in the Industrial Internet of Things (IIoT). This end-to-end visibility enables industrial companies to gain actionable insights from the network in order to manage risks, improve asset performance and increase uptime.

A Proven Track Record of Success

Together, Bit Stew and Cisco have worked collaboratively to bring fog technology to life at major utilities such as BC Hydro, a Canadian electric utility in the province of British Columbia, which first deployed smart meters in 2011. The successful and proven track record we have had together with utilities is now resonating with the upstream and midstream oil and gas markets. The response the Bit Stew and Cisco teams saw at Entelec this week has been exciting and we will have more to announce in the weeks ahead.

Take time to learn more about Bit Stew at www.bitstew.com and read our new blog the Bit View for more insights and commentary on the IIoT.”

Make sure you catch the interview with Bit Stew’s CEO, Kevin Collins here: Fog Computing Becomes Clearer with Cisco IOx Solution

You can read more about Bit Stew here (click on the link below)

Cisco and Bit Stew Point of View: Distributed Intelligence: Unlocking the benefits of the Industrial Internet.

About Franco Castaldini
Franco Castaldini is an experienced marketing, sales and product management executive who has led go-to-market strategies for innovative startups to large global companies. Franco leads Bit Stew’s product marketing and management, marketing communications, and global go-to-market strategy for the company’s growth in the Industrial Internet market.

 

 

 

 

 

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