In the next few years we will reflect on the third annual Internet of Things World Forum (IoTWF) this week and realize that 2015 was the inflection point for the Internet of Things (IoT) and digitization. Leaders from around the world convened in Dubai this week, all witnessed real solutions that are now fundamentally changing the way we will live and do business. It’s a dramatic change that will touch everyone.
Digital transformation – the connection of cities, companies, and countries to the Internet – has emerged as the most transformative means to ignite sustainable growth and improve society. Those countries and companies that get ahead and embrace the digital transformation will uncover limitless possibilities to drive innovation, growth and jobs of the future.
However, only 1 in 4 leaders* say they are being sufficiently proactive about digitization. And while 75% of businesses will become digital by 2020, only 30% of digitization efforts will be successful. The number one reason companies don’t succeed? They fail to innovate or reinvent. Those that don’t will be left behind.
It is fitting that this defining moment in the future of digitization is taking place here, in the Middle East. My discussions with its leaders on the future of the digital and the global landscape have only strengthened my admiration for their visionary approach but also the speed of change that comes through aligning all government smart initiatives together under one smart-city ambition.
His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision for Dubai to be the ‘Smartest City in the World by 2017’ is well under way. Sensors embedded throughout the city will connect everything from utilities to urban transportation, from entertainment to energy, and from policing to politics. All of it developed to improve the lives of citizens, reduce energy consumption and to capture the potential added value of US$ 4.87 billion (AED 17.9 billion) by 2019.
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Tags: internet of things, Internet of Things World Forum, IoT, IoTWF, john chambers
A key discussion point I keep hearing again and again this week during the Internet of Things World Forum in Dubai is that the success of IoT depends greatly on developing the right workforce with the right skills.
I was honored to host a panel here called Transforming the Workforce to Unleash the Value of IoT that focused on how diversity can lead to greater innovation. It was here that we announced an initiative in expanding gender diversity throughout the industry — Cisco IoT Pathfinder.
Sponsored by Cisco and brought to you by Global Knowledge, an IoT Talent Consortium partner, IoT Pathfinder is a series of free 60-minute training webinars designed for women, men, and students interested in expanding their skills for the growing IoT economy.
Gartner estimates that IoT suppliers will generate incremental revenue exceeding $300 billion in 2020, leading to an ever increasing need for specialized talent. The coming digital age requires a broader set of both technical and non-technical skills than the information age and we want to make it easier to develop those skills.
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Tags: education, IoT, IoTPathfinder
As the sun rises on the third day of the third annual Internet of Things World Forum (IoTWF) this year in the super smart city of Dubai – the brilliance of the Internet of Things (IoT) market and the robust ecosystem that supports it continues to shine brightly. Rapid IoT prototyping and other innovative solutions that are transforming business and society flourished during three days of demos, case studies, keynotes, breakout sessions, hackathons, smart city tours and much more.
It’s fitting that this year’s IoTWF came toward the end of the calendar because it mirrored a full year of explosively disruptive growth and value – all made possible by connecting the unconnected through a digital platform we call the Internet.
IoT and its continuous evolution to the Internet of Everything – the connection of people, process, data and things – is maturing at unprecedented speed. The evidence was all around us with examples of how cloud, fog, mobility, sensors and other technologies are converging to create a new digital world. These outcome-based solutions are capturing new value in industries ranging from oil and gas, retail and healthcare to manufacturing, transportation and the public sector. The excitement, opportunity and optimism for IoT/IoE was literally tangible at IoTWF.
I know there is overwhelming statistical research and myriad examples of IoT’s expanding landscape. However, for me, one of the clearest signs of market acceleration is seeing the robust ecosystem of accelerators, incubators, startups, entrepreneurs and app developers that are coming together to drive innovation in this area.
At Cisco, we believe the next big idea can come from anywhere and we’ve built our own innovation engine around build, buy, partner, invest and co-development to reflect this. Specifically with IoT, we’re looking at how we apply this strategy – be it partnering with peers to introduce industry standards or encouraging the entrepreneur spirt with industry challenges. Coming out of this event, I am particularly proud of our work with our extended ecosystem showcased at this year’s IoTWF to bring IoT to life.
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Tags: Alex Goryachev, Cisco, Helder Antunes, innovation ecosystem, Innovation Grand Challenge, Internet of Everything, internet of things, IoE, IoT, IoTWF, Maciej Kranz, OpenFog Consortium, Research and Innovation Symposium
Heading into the holiday season, I can safely predict that my kids’ excitement levels will increase steadily as December 25th draws nearer. They, of course, are anticipating Christmas morning and all that it entails – a break from school, delicious brunch, hot chocolate, family time, and, just maybe, some gift giving. Well, I am pretty excited myself, because along with the holidays, December also ushers in the Internet of Things World Forum 2015 (IoTWF) in Dubai!
Cisco is hosting its third rendition of the IoTWF at the Dubai World Trade Centre from December 6-8, and this event just gets better and better each year. The forum is an opportunity for the companies leading the way toward digital transformation with the Internet of Everything (IoE) to showcase dramatic transformations now gaining momentum across every global sector. It’s a chance to learn, share, and partner – to see tangible examples of digital progress and to collaborate with industry leaders to plot the future of the digital global economy. It’s kind of like a condensed holiday season for the world of digital innovation.
Each year, the forum is a great time and place to measure the progress we are making toward digital transformations of every global industry. When we held the first IoTWF two years ago, digitization and the IoE seemed like distant, albeit imminent, visions. We focused on the big picture, needing to comprehend and contextualize the massive opportunity and far-reaching implications of this fourth industrial revolution. Now, more than two years in, our focus has shifted: It’s no longer about convincing people that digital transformation is real, necessary, and valuable, but about connecting the dots between the vision for where to go and the strategy for how to get there. Read More »
Tags: analytics, analytics at the edge, Digital transformation, digitization, edge computing, internet of things, Internet of Things World Forum, IoT, IoTWF, Mike Riegel
Any discussion on digital transformation and IoT leads to the fundamental question – “What are the possibilities and impacts in my industry?” The manufacturing industry has been dealing with this question for the last 50 years and in fact, has been an early adopter of technology to enable transformation. For example, in the mid-to-late 20th-century, automated inventory control systems (ICS), material resource planning systems (MRP), and enterprise resource planning systems (ERP) had a tremendous impact on the foundational operations within manufacturing across the world. Then in the later part of the 20th-century and the early part of 21st-century transformations within this industry were enabled by the emergence of the PC, explosion of the internet, realization of e-business, availability of IP-based technologies, universal adoption of RFID and proliferation of wireless components. All of these innovations marked the first era of digital manufacturing. This era had a primary focus on using technology to achieve efficiencies, effectiveness and productivity gains particularly within the supply chain, and product lifecycle management functions.
Today pioneering and prominent manufacturers are looking at the next generation of digital manufacturing which will utilize technology to enable new customer experiences that enhance profitable revenue growth. The German government is credited with calling this next era Industry 4.0. They characterize this era as a time when “people, machines, and industrial processes are intelligently networked.”
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Tags: analytics, analytics and automation software, automation, connected analytics, Connected Experiences, connected processes, Digital Manufacturing, Digital transformation, Hyper-distributed World, Industrial IoT, IoT, Manufacturing, software platforms