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Reinventing Innovation to Capture the Internet of Everything Opportunity

The Internet of Everything (IoE) is not only disrupting traditional business models, it is also disrupting innovation itself.

While the focus at this week’s 2nd annual Internet of Things World Forum (IOTWF) here in Chicago is on capturing the accelerated opportunity of connected things, we believe there is even greater opportunity with the Internet of Everything: the networked connection of people, processes, data AND things. IoE is already transforming business outcomes, but in order to capture the full potential of its $19 trillion economic opportunity we will need to cultivate new skill sets and ways of thinking by both established organizations and 21st century entrepreneurs.

Innovating with local communities

This, in turn, requires new types of collaborations and investment mechanisms among industry, government and academia to incubate innovative ideas and turn them into commercial, scalable solutions for the betterment of society.

I am very proud of one such exemplary collaboration between the Cisco Entrepreneurs in Residence (Cisco EIR) program, led by Mala Anand, SVP of Services Platforms (“Open innovation: Harnessing the ideas, talent and passion of the startup eco-system”), and the Chicago Innovation Exchange (CIE), a startup incubator affiliated with the University of Chicago, Argonne National Laboratory and other leading technology organizations in the greater Chicago area. This partnership, announced last April, aims to support the most promising early-stage startups in the region that are focused on game-changing IoE and Smart Cities solutions by bringing the expertise and resources of Cisco and CIE in a co-incubation environment.

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A Cisco Customer Solutions Architecture (CSA) Use Case in How to Manage Threat Defense

This is part 4 of the “Your Business Powered By Cisco Customer Solutions Architecture (CSA)” blog series.

Enabling & Delivering Cloud-based Security Services -- Managed Threat Defense

Many enterprises (30%) have been leveraging cloud services cautiously or only in an internal (private) cloud manner. The reasons for this vary but these are the most common:

  • IT applications (~80%) are not cloud enabled i.e. traditional client server apps or non-x86 apps
  • Perceived security and performance concerns
  • Perceived lack of control and loss of IT governance and policy

While these reasons are valid, the evolution of cloud services and the ability to transform traditional IT services, governance, and policy controls mean this Cisco CSA can now address these reasons.

This use case example focuses on Security because it is a major consideration for most customers.  The market growth for security is driven by increased demand for security applications such as network security and “confidentiality” of services.  Security services are seen as an emerging market and are expected to grow to $40B by 2017.  Managed Threat Defense is projected to be $3.7B of that $40B. Read More »

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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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The Internet of Things: Capturing the Accelerated Opportunity

As we convene this week in Chicago for the 2nd annual Internet of Things World Forum (IoTWF), about 1,500 industry leaders worldwide are laser focused on capturing the $8 trillion economic opportunity of IoT. We launched the first annual IoTWF in Barcelona one year ago, and the industry has since progressed at breakneck speed.

A Forbes headline two months ago summed up the buzz: “It’s Official: The Internet of Things Takes Over Big Data as the Most Hyped Technology,” following the release of a Gartner Hype Cycle report. This is supported by the fact that media mentions of IoT have tripled since 2013 to more than 45,000 so far this year. Read More »

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