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Internet of Things (IoT) and our future

January 13, 2015 at 9:00 am PST

As an Information Technology professional I believe that IT is changing and will keep changing the way we live and of course our future. IoT (Internet of Things) has been a major topic of discussion, especially in 2014.

Everyone predicts that in the near future almost everything will be connected to the Internet, and will have its own IP address.  Connectivity not only includes PCs, laptops, tablets and smartphone, but coffee machines, refrigerators, TVs, washing machines, microwaves ovens, cookers, closets, etc…

I am afraid that one day the refrigerator will refuse to open because it reads my mind about wanting chocolates, and finds that I am overweight. The next day my car will not drive me home, but to the local gym after checking my schedule and finding some free time. Then it will kick me out saying, “Go do some exercises, your extra weight consumes more fuel, and my chassis will not endure until next summer!” Thank goodness it’s just a dream right now. I don’t even own a car, and will never think about buying a smart internet connected refrigerator, simply because it’s very expensive. :)

In this article I will share my thoughts and raise questions about four main factors related to IoT’s future: Read More »

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Making the Last Traffic Jam a Reality

Traffic jams aren’t just stressful—they’re expensive. A recent study by the Centre for Economics and Business Research revealed that in 2013 traffic jams cost the U.S. $124 billion. By 2030, they estimate the annual price of traffic in the U.S. and Europe will soar to $293 billion.

Can we turn this around? I think so. The Last Traffic Jam can happen through the Internet of Everything (IoE) and the increased value that comes from connections between people, process, data, and things. It’s in this highly connected world where we’ll see amazing things happen—including the Last Traffic Jam. Read More »

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Could Big Data and Cloud go together?

In today’s era of increasing connectivity, data is getting generated in vast proportions.  Moreover, it is also important to be able to generate insights from it quickly and act accordingly.  Gone are the days when one would move data into a data warehouse and then extract insights from it to act at a later date.  Here are four scenarios why.

Scenario 1: Cloud and Social

If a discussion around a brand is trending positively or negatively, that organization needs to take action then and cannot wait for a future time to do so. They might want to capitalize on the positive sentiment and amplify it or perhaps take action and remedy a trending negative sentiment. Both Twitter and Facebook provide several real time analytics capabilities leveraging big data technologies that they pioneered themselves.  These analytics run within their cloud environment and provider users real time insights.

Read More »

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In Retail, Insight Is Currency, and Context Is King

Today’s retailers face a rising tide of change, disruption, and challenges, all driven by technology. As their business landscape is upended, many are struggling to adapt to changing consumer behaviors, competition from disruptive innovators, and exponentially increasing complexity.

The source of much of this disruption is the Internet of Everything (IoE). IoE is the networked connection of people, process, data, and things, and Cisco projects these connections to surge from 13 billion today to 50 billion in the next decade. For retailers, that means a sharp increase in the potential channels, devices, and shopping journeys that are available to consumers. Increasingly, retailers must meet new demands for relevant, efficient, and convenient shopping experiences, whether in-store or out.

IoE_Retail_Figure_Journey_3-2

But for traditional retailers, IoE also presents tremendous opportunities. At the National Retail Federation’s “Big Show” in New York this week, I have seen a great openness to change and innovation. As I see it, traditional retailers are ready to step into the IoE era, but they will need the right ecosystem of partners to guide them through the transformation and help them make the right investments.

To better understand these opportunities and the changing competitive dynamics in retail, Cisco recently undertook a comprehensive, three-pronged study consisting of original research, economic analysis, and interviews with retail industry thought leaders. Released this week, the first wave of primary research findings includes 1240 consumer responses from the United States and the United Kingdom.

A key theme that emerged from the research was that today’s consumers demand new kinds of digital experiences, both in-store and out. In our survey, we presented respondents with 19 concept tests — everything from digital signage and same-day delivery to mobile payments and augmented reality. Above all, we found that shoppers seek a hyper-relevant experience — more so than a hyper-personalized one. In short, efficiency and savings are more important to them than personal engagement.

In our survey, 38 percent of respondents identified greater efficiency in the shopping process (e.g., ensuring items are in stock, speeding checkout times) as the area retailers most need to improve. By contrast, 13 percent sought improvements that would lead to a more personalized shopping experience. Read More »

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#InternetofEverything – Where Connections and Value Intersect

The evolution of the Internet is a combination of integrative factors that improve connectivity, create networked economies and build immersive experiences to create an increasingly connected world known as the Internet of Everything (IoE). IoE brings together people, processes, data and things through networked connections. These connections offer value by turning information into actions that create new capabilities, richer experiences and unprecedented economic opportunities. Read More »

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