Supply chain technology investment will involve modernizing existing systems while also trying new approaches, many systems already exist, but the issue is that they are in a ‘silo’ versus the other systems and it is difficult to talk across the systems. If you have multiple vendors on multiple platforms, it is difficult to get to the information but then also make sense of this information. In fact, most of our customers use different systems within their environment so even within a first level silo (company A) it is difficult to start to see what information exists let alone start to analyze this information. When you start to get to a second level silo (company A to company B information flows) you are now looking at silos within silos trying to talk with other silos.
I do not see these systems being ‘ripped and replaced’ but augmented with a layer above them to then start to build visibility and correlation across the systems which can then be tracked across companies to add visibility. We have been working with one of our business partners, HCL, to build a cloud offering where we are able to quickly install a platform, extract data from your existing systems and start to add value to you multiple locations operations and diverse portfolio.
The fifth IDC prediction was around the modernization of the B2B Commerce Backbone. I have seen this happening with many of our customers and business partners where they are using the information they have already on hand and start to use it in new ways. Look at this article on Amazon and anticipatory shopping. By taking the data that they have and mining this information is going to change how and what we order.
We are seeing this same use of analytics from the manufacturing market, not to predict what you are going to order, but when something may fail. Taking the data and tracking the sensor information, now much easier to access and track with new products and offerings, and driving this into an analytics engine. Using analytics, the ‘normal ranges’ are known and can be applied when the sensors are seeing any abnormalities occur. This helps to then understand what is happening and where it is happening and then start to understand where items may fail.
A few of our customers are taking this information from their customers and aggregating all of this information from different locations, adding sensors from the environment and then taking this information to drive the predictions back to their customers. Interestingly, some of our customers and partners see this as a service offering to allow better information and comparisons to stop failures and drive towards the 99.999% uptime that every company would like to have.
How are you wrestling with modernizing or revamping your supply chain? Are you adopting analytics in your sales or manufacturing processes? Let us know. Thanks for reading!
This piece was authored by guest blogger Jasmin Herro, founder and CEO of Outback Global Australia and vice president of Outback Global USA. Outback Global is an Indigenous-owned business certified with Supply Nation, along with Cisco Australia, which is also a member. Supply Nation is an organization dedicated to growing diversity within the supply chain.
I woke up one morning and suddenly realized I was an entrepreneur!
Those who know me, even for a short time, realize that I am an ideas person, I am constantly thinking, joining the proverbial dots, making connections and never taking myself too seriously. Every day starts at 5:30 a.m. and ends the next morning around 1 a.m., or when I drag myself to bed after falling asleep at my desk.
There are things that constantly go through my mind, random sets of ideas that could at any moment be the next big thing. Was I always like this? I remember, as an 8-year-old child needing money to go to the annual fair and thinking that if I could convince Glen, the man who worked for my dad, to help me pick all the mandarins off the two big trees in our yard, I could sell them in my dad’s petrol station. After some gentle persuasion (begging), Glen harvested all the mandarins off both trees and I convinced him to help me set up a table at the petrol station with a sign that read “Mandarins 10 cents or 6 for 50 cents.” After 2 days I made $23 and with my best puppy dog eyes offered half the money to Glen. He of course declined but offered to make me an extension arm so I could reach the top of the trees and pick the mandarins myself the next year. This was my first taste of entrepreneurial creativity and from then on I’ve looked for value and opportunity in everything around me.
Ever felt that you’ve spent half your life searching for a parking space? Well, it’s not that much of an exaggeration. One study estimates that typical drivers spend 2,549 hours of their lives in the aimless, money-wasting, and gas-guzzling quest for a place to park.
Now imagine that through technology — connected cars, roads, and, of course, parking spaces — you could substantially reduce all of that wasted time and money.
Unfortunately, business and enterprise are rife with their own versions of wild goose chases for parking spaces: supply-chain deficiencies, checkout bottlenecks, quality-control failings, communication breakdowns, and, yes, clogged parking lots. These are but a few of the drags on productivity, efficiency, and innovation.
The solution for all these problems may be the same: connectivity.
If you think we already live in a connected world (and we do!), get ready to fasten your seatbelts.
Today, there are “only” about 10 billion connected “things” on the planet. This includes hundreds of millions of people communicating with one another in myriad ways, and a rapid increase in two-way conversations between people and machines. That is, when the machines aren’t busy “chatting” with other machines.
It may sound complicated (and it is!). But the Internet of Things is just the proverbial tip of the iceberg. The next phase of the Internet — the Internet of Everything (IoE) — will encompass 50 billion connections involving people, process, data, and things by 2020. This will drive the next wave of dramatic Internet growth and opportunity.
Cisco estimates that the IoE economy promises a staggering $14.4 trillion in Value at Stake for private-sector companies globally over the next 10 years. This value is embedded in five drivers: asset utilization; employee productivity; supply chain and logistics; customer experience; and innovation.
Welcome to the Cisco Sizzle! Each month, we’re rounding up the best of the best from across our social media channels for your reading pleasure. From the most read blog posts to the top engaging content on Facebook or LinkedIn, catch up on things you might have missed, or on the articles you just want to see again, all in one place.
Let’s take a look back at the top content from May…
Work-Life Balance … Or Work-Life Integration? Achieving a work-life balance can be tough, but Cisco’s CTO Padmasree Warrior takes a different approach. Instead of trying to balance the demands of work and home separately, she embraces integration and combines the two together whenever she can.
IoE: Powering Supply Chain Management Cisco is connecting the Internet of Everything to get supply chains perfectly linked. Watch this video to explore how IoE instigates meaningful actions to happen faster.
Cisco Ranks High With Young Professionals Career Bliss recently compiled a list of the top 10 companies where young employees are happiest, based on more than 48,000 employee-generated reviews. It’s no surprise to us – Cisco was ranked as #5 overall! Many thanks to our employees for this honor – you make us happy, too!
How Organized is Your Cabling? Any IT guru will agree: this is an amazing feat of organization. Extra credit to anyone who can keep cabling in line like this!
What Keeps a CEO Up At Night? In this latest installment of Leadership@Cisco, Cisco Chairman and CEO John Chambers talks about his love for adventure, the importance of family and the characteristics that make a good leader. Learn what he’s most passionate about, where he sees technology going in the future and what keeps him up at night in this video.
Cloud Curious? Cloud computing is fundamentally changing the way businesses and people consume information. It is enabling IT as a service, evolving collaboration and changing content delivery. See for yourself how Cisco is helping service providers of all sizes navigate the world of many clouds:
Coordinated Attacks Against the U.S. Government and Banking Infrastructure In this blog post, Mike Schiffman and other Cisco employees inform us of a round of planned cyber attacks that have been launched against the U.S. government and banking systems. They provide an overview of the situation along with resources and best practices to prevent and respond to the attacks. For more information on how to protect against these attacks, don’t miss this post: