IoE vision will become real only when everything talks to everything, intelligently
Malaysian enterprises need to adopt IoE, otherwise the economy will fall behind
THE Oct 2 Cisco Connect 2014 conference in Kuala Lumpur was a customer-focused event with many Cisco partners as well as Cisco itself showcasing their capabilities.
The event was more focused on proposing the business value of the solutions rather than just the technical aspects of products.
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Cisco is changing
After watching the presentations (although I could not attend all due to four parallel tracks running together), what came across is that Cisco is changing.
What is generally common in customer-focused events was not visible here – there was no product being sold in any of the presentations, which instead discussed the business value a solution could bring to the table.
Each of the business tracks were focused on discussing the disruptive technologies that are affecting and enabling modern-day business – cloud/ virtualisation, big data, mobility and workspace of the future.
Well, we are not missing out on the Internet of Everything (IoE) here for sure! The morning keynote by Joseph M. Bradley, IoE evangelist and managing director of the IoE Practice at Cisco Consulting Services, was about Cisco’s perspective on IoE, and it was forward looking.
The way Cisco is investing on R&D (research and development), its strategic partnerships and consultative approach towards business value addition, very much aligns with its vision.
My take on IoE
While one question was ‘What needs to be connected with IoT?’, the real question is ‘Can we think of leaving [out] anything?’
The IoE vision will become real only when everything talks to everything, intelligently.
There have been many disruptions in the ICT domain in recent years. These disruptions include mobility, cloud computing, and social media.
IoE is different. While all others are business enablers, productivity enhancers or cost-saving tools, businesses can still move without them.
IoE, on the other hand, is not an option, but a mandate. Google’s Nest (pic above) is a classic example where a startup is challenging the incumbent giant Honeywell just because of the value it offers, and that value comes from IoE.
We have many examples like Uber, Dash and others who are challenging industry incumbents. It is fair to state that if leading businesses do not leverage the power of IoE, they risk losing their market position to a new entrant.
Enabler and driver for Malaysian economy
Big data, mobility and other such disruptive forces are still a topic of discussion in Malaysia. Even cloud computing is not mature.
As the technology evolves, IoE will grow in the Malaysian market too. Pilots are expected to be completed in next two to three years.
Malaysia aspires to be a leading economy. To ensure that it succeeds, it has to grow in a changing global environment.
Yes, the adoption levels for other technologies are low. However, IoE is different. It will transform businesses – the way they operate and the value they offer.
If Malaysian enterprises are to enjoy sustained success, they need to adopt IoE and give their business a competitive edge. If they do not adopt, there is a risk that the Malaysian economy will fall behind.
IoE for Malaysia is both a threat and an opportunity. If businesses align to this reality, they enter the game of leveraging global markets. If they do not adopt it, they risk the success of their business.
Considering the Malaysian Government’s focus on development, the current state of the economy and willingness of Malaysia to develop its economy, we can safely assume that IoE will be adopted much faster than other disruptive technologies.
IoE will work as a catalyst for the adoption of big data, cloud and mobility; and it will propel organisations to adopt these technologies.
Harsh Upadhyay is an industry analyst with the ICT practice at Frost & Sullivan.
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