Post on 14-Nov-2014
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1© 2009 Cisco Systems, Inc. All rights reserved. Cisco PublicC97-541444-00
InnovationThe path forward
Joe Deklic
VP Strategic Investments Group
Cisco Systems Canada Co.
2© 2009 Cisco Systems, Inc. All rights reserved. Cisco PublicC97-541444-00
Cisco: A culture of innovation
Cisco’s corporate culture encourages innovation
Innovation is the engine that drives growth
A connected world enables innovation
3© 2009 Cisco Systems, Inc. All rights reserved. Cisco PublicC97-541444-00
The Internet of Things Is Already Here
2003 2010 2015 2020
500 Million 12.5 Billion 50 Billion25 BillionConnected
Devices
Connected Devices
Per Person 0.08 1.84 6.583.47
World Population 6.3 Billion 6.8 Billion 7.6 Billion7.2 Billion
Source: Cisco IBSG, 2011
More connected
devices than
people
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Mobility – convergence of both
Global Mobile vs. Desktop Internet User Projection, 2007 – 2015E
Source: Morgan Stanley Research
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Medicine 2.0
http://inform.com/science-and-technology/stanford-prof-sequences-genome-weeks-627084a
Stanford prof sequences own genome in weeks
2010: 3 weeks, 50K$ 2004: 13 years, $300M
6© 2009 Cisco Systems, Inc. All rights reserved. Cisco PublicC97-541444-00
Connected World Tech ReportAbout the Study
The study was commissioned by Cisco and conducted by InsightExpress, a third-party market research firm based in the United States.
The global study consists of two surveys – one involving college students, the other on young professionals in their 20s. Each survey includes 100 respondents from each of 14 countries, resulting in a pool of 2,800 respondents.
The 14 countries: The United States, Canada, Mexico, Brazil, United Kingdom, France, Spain, Germany, Italy, Russia, India, China, Japan, and Australia.
The New Social Life: Internet over Love and Friendship?
First Love: Two of five college students surveyed globally (40%) said the Internet is more important to them than dating, going out with friends, or listening to music.
7© 2009 Cisco Systems, Inc. All rights reserved. Cisco PublicC97-541444-00
What is the average lifespan of a Fortune 500 company?
A. 25 years
B. 40 years
C. 60 years
D. 75 years
E. 100 years
98% of North American companies disappear within 11 years
The average lifespan of a company in Japan & Europe is 12 years
Innovation is key to longevity
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Transformational Change …
Kodak invents digital photography in 1975 not seen as commercially viable
Xerox famously devises the mouse, the laser printer, and the graphical user interface ( GUI
Apple iPod, Apple ventured into music retailing, an entirely new market for the company they revolutionized the way people consume.
RIM secure instant messaging environment .. With a “smartphone”
What makes opportunities like these so difficult to grasp is that, so often, they require companies to move far beyond their core into uncharted territory—into their white space
Seizing the White Space, Mark Johnson
9© 2009 Cisco Systems, Inc. All rights reserved. Cisco PublicC97-541444-00
Going forward - an innovation framework
ICT uptake
Government leadership
Public/private sector partnerships to drive education, resources• More accessible VC and financing
• Drive new industries and entrepreneurship
Canada’s SMBs are the drivers of our economy
Educational Transformation key to long term growth
Must move SMBs from tactical to strategic
We need to adopt and incubate an Innovation Framework to reverse the tide – together we can change the world
10© 2009 Cisco Systems, Inc. All rights reserved. Cisco PublicC97-541444-00
Some thoughts….
1. The world is changing we need to change – to use a framework for systemic sustainable innovation.
2. World is a smaller place – collaboration is key to innovation and transformation
3. Change is coming from Consumers and SMB - we need to effect change in response to what
is happening, think differently
4. Cloud enables everything
Innovation is all about getting out of your comfort zone and disrupting easier with collaboration
11© 2009 Cisco Systems, Inc. All rights reserved. Cisco PublicC97-541444-00
Thank You