The growth of connected devices is impacting enterprises worldwide. The key to unlocking value, however, is shifting from the number of connected devices to the value of the connections themselves. We define a connection as the intersection of People, Process, Data, and Things—coming together to form the Internet of Everything (IoE). The IoE opportunity represents 21 percent of corporate profits, or $14.4 trillion dollars over the next 10 years, worldwide. Capturing the potential value of IoE depends on an inclusive business environment that facilitates innovation and productivity. Fostering a work-your-way environment by empowering employees to bring their own devices is a critical part of the solution.
There’s no doubt that “bring your own device” (BYOD) is a fast growing global phenomenon, drivien by employee demands to use the devices, applications, and cloud services they prefer. BYOD promises tantalizing benefits such as better work-life balance, greater innovation, and improved productivity. Yet some fear that security risks and the complexity of managing so many different personal devices might outweigh the benefits.
New research and analysis released today from the Cisco® Internet Business Solutions Group puts those concerns to rest—showing that not only do companies experience significant value by embracing BYOD today, there is potential for much added benefit.
It’s all about implementation. Read more at the Platform blog: http://blogs.cisco.com/news/new-analysis-comprehensive-byod-implementation-increases-productivity-decreases-costs/