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Increasing Business Investments and IT Opportunities

Charting a New CourseAs business groups increase their technology investments and gain more access to new technologies and consumption models, IT’s balance between operational excellence and innovation is shifting. Technical innovation can now happen anywhere. This change presents a huge opportunity for IT to drive innovation in new ways. So which organizations are seizing this opportunity?

To find out, we recently conducted the Cisco Business and IT Priority Survey to determine how these groups manage innovation, and how their business and IT priorities are linked. See the info graphic and previous blog for global results and observations, and see how your priorities compare to your peers by taking the survey here.

As today’s innovation and technology investments can dramatically impact tomorrow’s business results, the investment levels by region are particularly interesting.

For example, 50% of business leaders in China see technology innovation as a critical differentiator to their business, whereas in the US, only 21% rank innovation as critical. Multiple times in the survey, the responses from China indicated a collective interest in innovation as a top business priority. In Germany, 23%, and the UK 25% of business leaders also see innovation as a business priority as critical.

Companies in India and China also indicate that their investments are growing faster than other regions’. About 81% of Indian business leaders surveyed, and 75% of Chinese ones expect their technology budgets to increase next year – many by more than 25%. By contrast, 54% of UK businesspeople, 48% in Canada and Germany, and only 41% in the US expect their technology budgets to grow.

Indian and Chinese business leaders also indicate that they’re spending a bigger proportion of their own growing budgets on technology. In China 82% of those surveyed plan to spend at least 25% of their business budgets on technology, and in India 71% are doing the same. By contrast, only 41% of US and 45% of Canadian business leaders are spending more than 25% of their budgets on technology.  Read More »

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Here’s to You Entrepreneurs: Top 5 Go-to-Market Monetization Tips

Ged FittonBy Ged Fitton, Guest Blogger

The British Innovation Gateway (BIG) is a great Cisco-led initiative to foster innovation and entrepreneurship in the UK. A great part of my work on BIG involves the support  of IDEALondon – Cisco’s innovation centre -- and its start-ups.  And I have to say I’m always impressed with the enthusiasm and determination of companies to think outside the box, and challenge the status quo. It’s a fantastically exciting space to work in. In my role of helping companies monetise their innovation, I thought I’d share a few tips on how not to fall into the traps that I’ve seen many start-ups fall into. Read More »

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Don’t Click Tired

As the day draws to a close, and especially during the early morning, users become far more likely to click on links that lead to malware. Those responsible for network security need to ensure that users’ awareness of information security continues after work hours, so that users “don’t click tired.”
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Digital Britain: RAPTOR, a Catalyst for Economic Growth

August 15, 2013 at 3:28 pm PST

I have previously penned a few posts about the projects I am involved with at Cisco, including RAPTOR – the start-up grant program that’s based out of the Greenwich Peninsula.  My prior stories focused on the digital business start-up element of this program, rather than the wider initiatives being led by our United Kingdom and Ireland (UK&I) Strategy and Innovation Team Read More »

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Why Digital Business Ecosystems Really Matter

Striking a balance between the local supply and demand of human talent within tech clusters around the world will likely be an ongoing challenge. If you’ve been following my stories, then you may recall that back in December of 2012 I shared some observations and predictions about the evolving digital business marketplace in London, England.

The East London Tech City initiative – including the area known as the Silicon Roundabout – was again the focus of a market research report. According to the findings from a recent market study by UHY Hacker Young, a total of 15,720 new businesses were set up in this London neighborhood (postcode EC1V) during the last year. Much of the growth is attributed to the rapidly evolving digital and technology hub.

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