Making the Right Connections Opens New Doors to Digital Business Success
The digital transformation of business isn’t just about the connection of things, though those connections are certainly important. Industrial or IT automation can take many forms, whether it’s connections between people, the connections between people and things or, perhaps most importantly, the processes that that enable connections of all kinds to happen quickly and intelligently. Without order, digital business transformation runs the risk of becoming digital chaos. What’s most essential in every case is creating the desired business outcome.
Hyper-Distribution: Billions of Connections Shouldn’t Mean Billions of Headaches
But connecting all these things isn’t easy. 50 billion things are projected to be connected to the Internet by 2020. Along with this hyper-distribution of things also comes the hyper-distribution of data. No longer is data only found in large centralized warehouses – it is being dynamically captured and acted upon at the edge of the network to respond to events in real time.
Organizations are struggling with the management of business processes in this expanding, hyperconnected world. Value chains are increasingly global, yet the decisions that need to be made are becoming increasingly local — and they need to be made in real-time. Hyper-distribution is fragmenting traditional business processes. Dealing with this growing complexity was identified as the number one IoT management challenge in a 2014 business study.
Not surprisingly, companies are being forced to re-imagine their processes and many are turning to software to turn what is being imagined into business reality. And they are calling upon new forms of automation and analytics to do it. Real business transformation will only occur when things connect with both people and process to turn information into actionable intelligence. Automation facilitates the new connections. Analysis gives the connections new meaning. Da Vinci instructs us, “Simplicity is the ultimate sophistication.” Finding ways to make the increasingly complex world of hyperconnectivity both simple to understand and simple to implement is the ultimate challenge for the networking industry.
What do I mean by hyper-distributed business process? Let’s take a look Read More »
Tags: analytics, automation, business transformation, connected processes, digital business, hyper-distribution, hyperconnected, internet of things, IoT, Mala Anand
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.
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.
Learn more by reading Mala Anand’s blog here.
Tags: Cisco, context, Internet of Everything, IoE, Mala Anand, retail, shopper
It was only last November that I wrote about our first Cisco Entrepreneurs in Residence (Cisco EIR) cohort in Europe. I knew then we had started something special – an incubation model that allows Cisco to tap into the immense talent of the European startup community and helps address many of the unique challenges entrepreneurs face in the region. Only a few months into our first European season, our startups have gained significant traction inside Cisco – and are demonstrating potential for strategic relationships and differentiation with us.
With this success in mind, I am pleased to announce we are now accepting applications from startups located in Europe, the Middle East, Africa and Russia (EMEAR) to join our second season cohort in the region. We have partnered with Pioneers once again and are looking forward to announcing the winners on stage at the Pioneers Festival in Vienna in May. Find out more and apply here.
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Tags: Cisco, Cisco EIR, Europe, IoE, IoT, Mala Anand, Pioneer Fest, Smart Cities, startups
Cisco’s leadership in the emerging market for the Internet of Everything (IoE), Smart Cities and Big Data/analytics rests on our ability to harness the technologies and business models of our global partner ecosystem – especially those of early-stage startups who are building truly disruptive capabilities for the future. I previously shared my vision of Cisco Entrepreneurs in Residence (Cisco EIR) pioneering new ways for Cisco, already a successful innovator in the global IT space, to collaborate with innovative entrepreneurs in shaping the emerging technologies that will redefine our industry and change our lives. Since then, six startups joined our first incubation track last spring in Silicon Valley and began collaborating closely with Cisco business and engineering groups to co-create solutions for Cisco’s customers and partners. I shared various updates in the following months about the EIR program’s exciting milestones adding co-incubation partners across the US, taking the program to Europe and selecting the first startups to join our program there.
Today, I am pleased to share two more milestones marking the continued success of our open innovation strategy at Cisco, with Cisco EIR helping to lead the way.
Cisco EIR Demo Day 2014
On December 8th, 2014, we celebrated the successes of the startups in our inaugural cohort with our first Cisco EIR Demo Day (photos) a gathering of over 100 attendees, including Cisco business and technology leaders, VCs, partners and others from the Silicon Valley startup community.
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Tags: analytics, Big Data, chicago, Cisco, Cisco Entrepreneurs in Residence, cisco live, ciscoeir, Edzard Overbeek, EMEAR, entrepreneurs, entrepreneurship, Europe, EvoNexus, Fresno, innovation, Internet of Everything, internet of things, IoE, IoT, Mala Anand, pioneers, San Diego, security, Silicon Valley, Smart Cities, Smart City, startups, Vienna
I introduced Cisco Entrepreneurs in Residence (Cisco EIR) earlier this year as a cornerstone in our strategy of embracing open innovation at Cisco. I also shared how we were extending Cisco EIR and open innovation across the US through local incubation partners, and I announced the launch of Cisco EIR in Europe. Now I would like to share updates on the great progress we are making with Cisco EIR as a catalyst of open innovation at Cisco.
Startups Selected to Join Cisco EIR in Europe
Last week we were excited to announce the six startups that will be joining our Cisco EIR program in Europe at the Pioneers Festival in Vienna. The six winners – innovating in the areas of Smart Cities, Internet of Everything (IoE)/cloud and Big Data/analytics – were chosen through a rigorous multiphase selection process conducted in collaboration with Pioneers. More than 350 applicants from 39 countries applied to join Cisco EIR Europe, with 15 finalists pitching live at the Pioneers Festival in front of Cisco experts and our European partners. Winners were selected based on the viability of their business plans, the strength of their teams and their alignment with Cisco’s IoE vision and strategy.
We were impressed beyond our expectations by the vision, passion, talent and technology of all 15 finalists. These startups made us more excited and convinced than ever that Europe was the right platform to discover and nurture the next generation of disruptive ideas for our industry and for Cisco.
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Tags: analytics, Big Data, chicago, Cisco, Cisco Entrepreneurs in Residence, ciscoeir, entrepreneurs, entrepreneurship, Fresno, Hilton Romanski, innovation, Internet of Everything, internet of things, IoE, IoT, Mala Anand, pioneers, Pioneers14, San Diego, Smart Cities, Smart City, startups, Vienna, Wim Elfrink