I had a great time recently at the EEI Annual Convention on June 7-10 in New Orleans, LA. EEI is the Edison Electric Institute, the industry association of the Investor Owned Utilities in the U.S. with international utility membership from all over the world. The Annual meeting is a unique event that includes the attendance and presentations by the CEOs of member utilities. The theme of this year’s conference was “Electricity Matters”, exploring the exciting changes happening all across the electric power industry.
The first day was full of excitement, with presentations from Ted Craver and Energy Secretary Ernest Moniz. Moniz shared his thoughts about the dramatically changing U.S. energy landscape, outlining the recommendations defined in the administration’s Quadrennial Energy Review (QER), particularly relating to grid modernization, resiliency, and infrastructure investment.
EEI Chairman Ted Craver led a thought-provoking discussion with Elon Musk, CEO and product architect of Tesla Motors, who was joined by Tesla Motors Chief Technology Officer and Co-Founder JB Straubel. The three leaders discussed electric transportation, energy storage, and the role of technology and innovation for utilities and their customers. Other sessions on the first day included:
- Approaches to Grid Security and Resiliency – panel moderated by PPL Corporation Chairman, President and CEO Bill Spence, discussing specific actions and approaches the electric sector is taking to improve grid security and resiliency.
- The Role of the Utility in the Evolving Distribution Grid – Company leaders, regulators, and consumer advocates highlighted the role of the utility in four areas: planning, design and operation, infrastructure enhancement and customer education and protection.
- Complying With the EPA Clean Power Plan – moderated by Gerry Anderson, Chairman and CEO of DTE Energy, the conversation centered on the EPA’s Clean Power Plan and highlighted how new and innovative technologies can quickly change a state’s strategy for complying with the new rules.
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Tags: Cisco, collaboration, digital, Disruption, Energy, future workforce, Internet of Everything, IoE, IoT, operational technology, OT, transformation, utilities
There’s no doubt that deployments of Internet of Things (IoT) solutions are increasing at a rapid pace as organizations face intense pressure to innovate and embrace the next wave of the Internet. Digital technology advances now enable new market entrants to threaten — and overtake — incumbents who fail to answer the innovation challenge. Think Uber, Airbnb, Tesla, and more. To up the ante on innovation and stay relevant, organizations across all industries are deploying IoT in an effort to embrace digitization.
How organizations embrace IoT as part of their digital transformation varies widely from industry to industry. For example, in manufacturing the focus is on automating inventory management, real-time monitoring/controlling of machine operations, and energy management. In the public sector, the emphasis is often on theft protection, asset tracking and real-time billing. What these industries and solutions have in common is the challenge of successfully navigating the very complex technology environment involved in getting the insights that drive successful outcomes. Successful IoT deployments require complex elements – connectivity, security, automation, analytics, and application enablement — to work together as a system to deliver those business insights.
At Cisco, we’ve done a great job of bringing powerful industry solutions to our customers that give them the business outcomes they need. Building these solutions requires drawing upon different ingredients to deliver an offering that is simple, agile, and repeatable. Many elements must to come together to deliver the value our customers need. The process for building a solution that seamlessly integrates all the elements to support a specific industry can be lengthy.
That’s why I’m excited about this week’s announcement of the Cisco IoT System. Read More »
Tags: Cisco, Cisco IoT System, Internet of Everything, internet of things, IoE, IoT, Tony Shakib
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