We’ve introduced several of the key figures within Bit Stew and shared with you the ways they are working to bring the IIoT to fruition, particularly within the energy sector.
I had a chat with Kevin Collins, CEO of Bit Stew to discuss the next opportunities for the company:
“It’s an exciting day at Bit Stew, with the announcement of additional funding from Cisco Investments and GE Ventures. With this support, we will continue to bring our experience in managing massive data sets and optimizing edge and fog computing to automate industrial operations in utilities and other industries as well.”
Kevin told me that the new funding will help fuel Bit Stew’s ongoing technology innovation and customer adoption: “This investment will open doors to new market opportunities for Bit Stew, and positions the company as a global leader in Software Defined Operations for IIoT. Bit Stew has quickly become the hot company to watch”.
Bit Stew was recently recognized to Greentech Media’s prestigious Grid Edge 20 list, as one of the top 20 innovators architecting the future of the electric power industry, along with Tesla, Duke Energy and SolarCity. “Making the Grid Edge 20 provides validation of our strong market traction, and is a tribute to what we’ve achieved since Bit Stew was incorporated in 2009. It also serves as a reminder of the responsibility we have to our utility customers, partners, and the industry as we work towards transforming the power sector to one that is more efficient, reliable and agile.”
Purpose-built for the Industrial Internet
The MIx Core platform is the culmination of years of industry-hardened machine learning derived from trillions of data points analyzed throughout the utility and oil and gas industries. Purpose-built for the Industrial Internet, MIx Core processes and analyzes greater volumes of data than most of the largest social networks in the world every day.
Bit Stew’s MIx Core takes full advantage of Cisco’s IOx technology, by embedding its core technology inside 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 IIoT
“Bit Stew’s collaboration with Cisco and the synergy between our Mix products and Cisco’s IOx platform has allowed us to utilize fog computing to completely revolutionize the way the energy sector operates,” Kevin said. “By using the edge of the network in the computing and analysis process, together we can create instant intelligence that is shared simultaneously in the operations center and in the field. This contextual analysis of industrial operations enables decision-making with a confidence that wasn’t necessarily available before. This expanded awareness results in increased up-time, faster issue resolution and optimized dispatch of resources,” adds Kevin.
Clearly Bit Stew is going places. And not just with utilities anymore. Find out more here: Read More »
Digital disruption is transforming virtually every role in every industry. Every day I see how the proliferation of online, mobile, and social interactions has created the need for completely new marketing strategies—and completely new skillsets for marketing professionals. We can see this same disruption across industries, as the Internet of Everything (IoE) creates fundamental transformation through the networked connection of people, process, data, and things.
For example, we recently published a new report that shows a global oil and gas (O&G) industry awash with disruption, and primed for digital transformation. Low oil prices have upended the sector, spurring an urgent rethinking of strategy by oil and gas executives—and accelerating the adoption of IoE.
This disruption is one of many factors impacting the oil and gas workforce today—from field workers all the way to the executive suite. Not only will new skills be required in an industry transformed by IoE, but new digital processes will also be needed to transfer knowledge, collaborate to solve problems in real time, and capture insights from a torrent of digital data.
To become agile enough to compete in the IoE Era, the oil and gas workforce must possess a mix of technical skills, industry knowledge, and business acumen. With talent shortages due to massive numbers of professionals retiring over the next few years—and a lack of necessary digital skills among those who remain— O&G firms need to make bold moves to transform their workforce strategy.
Extend the reach of existing expertise –Video-based collaboration can help bridge the expected talent gap by making the most of professional expertise that is spread too thin, as well as providing ongoing training throughout the organization. Video and web collaboration can effectively bring remote experts to any location, without the need for travel. For example, Saipem, an Italian oilfield services company, has employed high-definition video conferencing to cut travel costs, boost productivity, and provide subject-matter expertise throughout the company and with partners.
Real-time collaboration tools are increasingly important for far-flung oil and gas organizations.
The key to retail today is customer understanding —where each customer stands on his or her personal shopping journey, whether in-store or out. Retailers must “know” each shopper as never before. And they must offer the kinds of contextual, personally relevant experiences that will optimize their merchandise mix, create faster inventory turns, and drive greater customer engagement.
After all, the typical customer today is mobile, connected, and has heightened expectations. Many are accustomed to a deeper level of real-time interaction from innovative online retailers than from traditional brick-and-mortar stores.
Yet, as a recent Cisco study revealed, offline retailers – or retailers that combine on and offline capabilities – have their own unique advantages – if they step up to the opportunities of the Internet of Everything (IoE) economy. By blending the benefits of the physical store — such as the ability to touch, compare, and try on products — with the benefits of the virtual world, retailers can create a new value proposition that can’t be matched by their online-only competitors. In the process, they not only drive their own industry’s disruption but challenge for market leadership.
I recently delivered a keynote address called “The Internet of Things: What Does It Take to Make the Internet of Everything Real?” at the IoT Global Innovation Forum in Dallas.
I talked about the important linkage between the Internet of Things (IoT) and the next wave of the Internet — the Internet of Everything (IoE). For the uninitiated, the Internet of Things is the networked connection of physical objects. The Internet of Everything is the networked connection of those physical objects along with people, data, and process. Read More »
Just like private businesses, public sector organizations are taking advantage of today’s “boundless” infrastructures. They also face the same challenging reality when implementing those networks: a threat to data security. For public sector, the stakes are especially high. The proliferation of hackers, inevitable human errors, bring-your-own-device initiatives and the ever-broadening need to share information weigh heavily on government and education organizations, and consume substantial resources.
Against this backdrop, it’s more important than ever to be constantly discussing and innovating cybersecurity measures to keep networks safe. Cisco is not only an industry leader when it comes to providing cybersecurity solutions and services for the public sector, but it is also helping drive conversations with government and technology leaders around the country. In fact, Cisco will be attending a number of cyber-focused events over the next few months:
Cisco is a proud sponsor of the RSA Conference, an event that helps drive the information security agenda worldwide and plays an integral role in keeping security professionals across the globe connected and educated. Speakers will discuss everything from cloud computing to quantitative security, and include Secretary Jeh Johnson, Department of Homeland Security.
This year’s CyberTexas conference will explore the intersection of cyber security and the ‘Internet of Things’. Cisco’s Kurt Harris, Senior Systems Engineering Manager, is presenting on This session will explore the importance of securing the IoT and how these security challenges impact the enormous opportunity presented by the IoE for public sector in the future. This session will explore the importance of securing the IoT and how these security challenges impact the enormous opportunity presented by the IoE for public sector in the future. This session will explore the importance of securing the IoT and how these security challenges impact the enormous opportunity presented by the IoE for public sector in the future. This session will explore the importance of securing the IoT and how these security challenges impact the enormous opportunity presented by the IoE for public sector in the future. the importance of securing the Internet of Things and how security challenges impact the enormous opportunity presented by the Internet of Everything for public sector in the future. Cisco is also sponsoring the “Securing the Internet of Things” track.
The 2015 Synergy Forum brings together government and industry practitioners driving our collective technology futures to examine the emerging fusion of physical and digital worlds. Gary Neal Akers, senior vice president of Advanced Security Initiatives, Cisco, will take part in a panel on security and the Internet of Things.
Linked by a commitment to cybersecurity, government agencies, intelligence personnel and industry leaders will gather at the 2015 Defensive Cyber Operations Symposium to discuss successful strategies for improving security. In addition to exhibiting its cybersecurity solutions at the symposium, Cisco’s Kapil Bakshi, Distinguished Architect, will be speaking on a panel titled “Secure, Operate and Defend in the Commercial Sector – How Do We Maintain and Increase Cyber Security While Providing Innovation in IT?”
Digital Government Institute’s 8th annual Cyber Security Conference will explore today’s cyber threats and offer an opportunity for those supporting government security initiatives to collaborate on how to detect, protect, and respond to these challenges. Peter Romness, cybersecurity solutions lead, U.S. Public Sector, will be presenting during the show. Cisco is a Gold Sponsor of the DGI Cyber Security Conference.
The NSA Information Assurance Symposium is a biannual forum hosted by the National Security Agency that brings, policy, governance, technology, hands-on training and networking opportunities to attendees from across government, industry and academia. Cisco will be exhibiting at the symposium.
That is quite the cyber roadshow! Also, don’t miss our webinar with GovLoop on April 30th for a discussion on how to stay secure and connected in the age of the Internet of Things. And of course, we will undoubtedly be talking cybersecurity during Cisco Live in San Diego, June 7-11th. If you are attending any of these events, please make sure to stop by and say hello!