Consider this: By the time you’ve finished reading this short paragraph, another 1,000 “things” will be connected to the Internet. And we’re not even talking about a lengthy paragraph of Dickensian proportion — just this modest paragraph of 39 words.
Those newly connected things will be a mix of mobile devices, parking meters, sensors, thermostats, lab equipment, supermarket shelves, cars, cardiac monitors, and more. The fact is, this list of connected things keeps expanding by the second. Just a few years ago, the number of connected devices began outnumbering the Earth’s human population. Fast forward to 2020, and this gap will widen exponentially – with the number of connected things projected to exceed 50 billion.
As a result, countries, cities, industries, and businesses around the globe are becoming digital to capitalize on the unprecedented opportunity brought about by the next wave of the Internet. When people, process, data, and things are connected, we can capture unprecedented business value. And an essential part of capturing this value is connecting the unconnected through the Internet of Things. Read More »
Tags: Cisco, Cisco IoT System, Internet of Everything, internet of things, IoE, IoT, Kip Compton
Who is innovating the next big thing? Where are they? Will it be you?
Whether in a garage, lab, university, startup or coffee shop, we at Cisco are searching the world over for entrepreneurs developing the next innovative game-changers around the Internet of Things (IoT).
How will we find you?
On Monday, June 22, we launched the second annual Innovation Grand Challenge to discover the latest and greatest IoT innovators over the next six months. We’re enticing them out of the shadows and into the spotlight with $250,000 in total prizes and $150,000 to the overall winner. Further, winners will gain access to Cisco’s IoE Centers of Innovation, premier resources, mentorships and vast opportunities with partners and investors to change the way we live, work, play and learn.
When will we identify the winners?
The submission period runs from June 22 through Sept. 7, with the top three innovators to be announced on Dec. 7 at the IoT World Forum in Dubai. Information about guidelines and submitting entries can be found here. Read More »
Tags: Alex Goryachev, Cisco, Innovation Grand Challenge, Internet of Everything, IoE, IoT, iot world forum
I talk to partners every day about the big data opportunity. We know that partners who sell UCS see dramatically larger deal sizes for big data opportunities. We know all of this and still there is a lot of caution and skepticism from partners about jumping into this new world of big data and analytics. I have heard comments from many partners, like:
- “It’s just hype, another fad”
- “I will ride this out and wait for the wave to pass and go on with business just like I always have”
- “I am driving revenue and growing my business, why do I need to worry about this Big Data thing. I am not going to hire a “data scientist”! I’m not even sure what I would do with one if I hired one!”
There is indeed is a lot of hype about big data and analytics today – it is everywhere. However, it is not a fad, and it is not going away. The world is moving to the Internet of Things (IoT) and the Internet of Everything (IoE), and big data is projected to be the next evolution of IT.
As IoT and IoE gain momentum, enterprises are deploying new data-creating sensor at the far reaches of their networks and billions of new connections are being made. Cisco anticipates that 50 billion things will be connected by 2020. Those connections are creating enormous amounts of data. The ultimate success of IoT and IoE is all about being able to turn that data into insight. Insights that drive organizational improvements such as delivering products faster, fueling higher productivity or predicting customer demand. Big data and analytics is all about driving business outcomes from IoT and IoE. Read More »
Tags: analytics, Big Data, Cisco, IoE, IoT, pamela erdman, partner
“Drill, baby, drill” makes for an easy mantra when it comes to energy exploration, but the oil and gas (O&G) industry moved past simply drilling long ago with the introduction of digital information processing. For example, integrated production modeling was introduced in the 1970s. With the recent turmoil in the energy industry, the stakes are even higher for O&G companies to work smarter and more efficiently. Forward-looking businesses are making the transition to true digital transformation, which requires the adoption of the Internet of Everything (IoE)—the networked connection of people, process, data, and things—throughout the entire O&G value chain. According to a recent Cisco study, of these four IoE elements, essential “data” is the component most in demand—and the element that needs the most improvement.
Survey respondents identified “data” as the area of IoE they need to improve most to drive insight and value.
However, in many cases it’s not data that’s lacking; O&G firms are awash in data generated by sensors and machines spread throughout their far-flung operations. The struggle comes in capturing real-time operating data closest to the point it’s created, analyzing it in real-time and applying the results to improve functional and business capabilities. To capitalize on the wide range of data IoE generates, O&G firms must overcome three key challenges:
- Automating the collection of data
- Integrating data from multiple—and often far-flung—sources
- Analyzing data to effectively identify actionable insights
Read More »
Tags: analytics, Cisco, collaboration, Data Science, digital, Disruption, IIoT, Internet of Everything, IoE, IoT, oil and gas, oil prices, operational technology, OT, thought leadership, transformation
We’ve all seen how connected products can transform industries in areas like home energy management and personal health, and manufacturing is no exception. When products communicate back to their original makers, the manufacturers can detect production flaws well before customers would need to raise warranty claims. Further, product usage data can become the core of value delivered to the customer. Now that we have Fitbit and Jawbone UP, would you ever consider buying a traditional pedometer whose only method of telling you steps is on an LCD display? These ideas can be applied to machines on the factory floor too.
In a previous blog post on the Connected Factory, I shared how Cisco’s validated designs combine best practices from operational technology (OT) and IT into robust and secure networks. I also addressed how wireless connectivity can enable a more effective workforce and how digital transformation with real-time production analytics improves quality. Read More »
Tags: Cisco, Cisco Connected Factory, Digital transformation, Internet of Everything, internet of things, IoE, IoT, Manufacturing, Tony Shakib