The Next 10 Years according to Cisco CEO John Chambers
Editor's note: This is the seventh installment of our The Next 10 Years series where industry insiders offer insights on smart grid issues and trends they expect to see in the coming decade. (The previous segments are linked at the end of today's story.) As always, we welcome your comments; please use the Talk Back form at the bottom of the page.
In upcoming installments of our The Next 10 Years series we'll drill down on some of the specific technology trends that industry insiders think will be important â€“ and not so important â€“ as we contemplate the next decade of smart grid development. But today we're sharing a high-level perspective on coming transitions in business and technology from Cisco CEO John Chambers.
Future of technologyâ€¦
I believe the future of technology will be driven by market transitions, or industry inflection points. Emerging societal, environmental and operational goals will drive initiatives for greater customer participation with energy providers, modernization of the energy infrastructure, and the smooth transition of an aging workforce. Supporting these initiatives will require increased integration of disparate business systems and processes both within and across organizations â€“ and we anticipate technology evolving to enable greater connection of information, people, and things.
Internet of Everythingâ€¦
At Cisco, we call this transition the Internet of Everything, and I believe it will drive the next wave of business innovation, productivity and customer engagement for years to come.
For the energy industry this will take the form of more distributed intelligence throughout the grid and increased collaboration solutions across a distributed workforce, enabling customers to be both consumers and providers of energy- related services.
Our organizations must become increasingly more flexible, adaptable and agile. More and more devices and people will be connected on the network, making our business more and more complex. At the same time, we must continue to innovate and transform our business to meet the demands of our customers. This unprecedented level of complexity will require a unique organizational structure and a unique style of leadership.
We continue to monitor the impact on the environment from our operations, supply chain, and products so that we not only reduce our environmental footprint but create opportunities for greater efficiencies.