Connected innovation

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  • 1. Innovation The path forwardJoe Deklic VP Strategic Investments GroupCisco Systems Canada Co.C97-541444-00 2009 Cisco Systems, Inc. All rights reserved.Cisco Public1

2. Cisco: A culture of innovation Ciscos corporate culture encourages innovation Innovation is the engine that drives growth A connected world enables innovationC97-541444-00 2009 Cisco Systems, Inc. All rights reserved.Cisco Public2 3. The Internet of Things Is Already Here World PopulationConnected Devices 500Connected Devices Per Person6.8 Billion7.2 Billion7.6 Billion12.5 Billion25 Billion50 Billion1.843.476.582010201520206.3 Billion Million0.08More connected devices than people2003 Source: Cisco IBSG, 2011 C97-541444-00 2009 Cisco Systems, Inc. All rights reserved.Cisco Public3 4. Mobility convergence of both Global Mobile vs. Desktop Internet User Projection, 2007 2015ESource: Morgan Stanley Research C97-541444-00 2009 Cisco Systems, Inc. All rights reserved.Cisco Public4 5. Medicine 2.0Stanford prof sequences own genome in weeks2010: 3 weeks, 50K$ 2004: 13 years, $300M C97-541444-00http://inform.com/science-and-technology/stanford-prof-sequences-genome-weeks-627084a 2009 Cisco Systems, Inc. All rights reserved.Cisco Public5 6. Connected World Tech Report About the StudyThe 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. C97-541444-00 2009 Cisco Systems, Inc. All rights reserved.Cisco Public6 7. What is the average lifespan of a Fortune 500 company? A. 25 years B. 40 years C. 60 years D. 75 years E. 100 years98% of North American companies disappear within 11 years The average lifespan of a company in Japan & Europe is 12 yearsInnovation is key to longevity C97-541444-00 2009 Cisco Systems, Inc. All rights reserved.Cisco Public7 8. Transformational Change Apple iPod, Apple ventured into Kodak invents digital photography in music retailing, an entirely new 1975 not seen as commercially viable market for the company they revolutionized the way people consume. Xerox famously devises the mouse, the RIM secure instant messaging laser printer, and the graphical user environment .. With a smartphone interface ( GUIWhat makes opportunities like these so difficult to grasp is that, so often, they require companies to move far beyond their core into uncharted territoryinto their white space Seizing the White Space, Mark JohnsonC97-541444-00 2009 Cisco Systems, Inc. All rights reserved.Cisco Public8 9. Going forward - an innovation framework ICT uptake Government leadership Public/private sector partnerships to drive education, resources More accessible VC and financingDrive new industries and entrepreneurshipCanadas SMBs are the drivers of our economyEducational Transformation key to long term growth Must move SMBs from tactical to strategicWe need to adopt and incubate an Innovation Framework to reverse the tide together we can change the worldC97-541444-00 2009 Cisco Systems, Inc. All rights reserved.Cisco Public9 10. 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 collaborationC97-541444-00 2009 Cisco Systems, Inc. All rights reserved.Cisco Public10 11. Thank YouC97-541444-00 2009 Cisco Systems, Inc. All rights reserved.Cisco Public11