With the pressure to innovate faster, the onslaught of rapid urbanization, and heightened citizen expectations, government organizations and leaders are looking to the Internet of Everything.
Of the many technology trends that enable the Internet of Everything, big data and analytics warrant special consideration. The astonishing amount of data traversing today’s networks is growing exponentially each day. A recent IDC research report highlights that from now until 2020, the digital universe will double every two years.
This growth in data represents a remarkable opportunity for global public sector organizations, particularly for government leaders. The automated collection of data – from devices, sensors, and physical objects – and use of the resulting information is providing unprecedented visibility and decision-making capabilities. This is paving the way for faster incident response, safer communities, better operational efficiency, secure access to anytime, anywhere services, and an overall heightened citizen experience.
As large populations shift to urban areas, cities are under tremendous pressure to compete economically and grow sustainably. In the era of digital disruption, citizens are also expecting more from their engagements with local, regional, and national government organizations and leaders. In response to these pressing challenges, communities around the world are going digital and creating new, intelligent connections with the Internet of Everything (IoE).
Remember the halcyon days of the Dot-Com era? A frothy stock market, venture capital money flowing like water and famous sock puppets characterized the exuberance of the day. One company (Boo.com) spent $188 million in just six months to create an online fashion store. And 16 start-ups spent over $2 million each for a 30 second advertising slot during Superbowl XXXIV to crow of their existence. But, all of the money didn’t matter – the mantra was all about capturing “eyeballs.”
The business theory of the day was that if you could get people to your website (the eyeballs) then somehow the money would come gushing in. You were a heretic if you questioned how that would happen. Eyeballs were a very monetizable item, so the more of them the better. Of course, we know what happened. The Dot-Com era came to a Read More »
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.
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.