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Cisco's Culture of Innovation and the Internet of Things

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Cisco's Culture of Innovation and the Internet of Things: slides from the keynote at the Unleashing Innovation Summit in New York featuring Kip Compton, VP of Cisco’s Internet of Things Systems and Software Group.

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Cisco's Culture of Innovation and the Internet of Things

  1. Kip Compton, Cisco, Vice President, Internet of Things Systems & Software Group Unleashing Innovation Summit March 26, 2015 Cisco’s Culture of Innovation & the Internet of Things @kipcompton
  2. Innovation: Lifeblood of Industry Success Cisco IBSG, 2011; Fortune 500, 1987, 2011. Olson and van Bever, Stall Points, 2008. Baselinemag.com, 2009. “Innovate or Die” Today’s Fortune 500 Companies 87% Companies Stall Today’s Major Corporations 24% 25 Years Ago Only11% Recover 1/3 Survive Next 25 Years
  3. The Internet is evolving. FAST.
  4. Things Internet of Everything People Process Data More data in one year than in previous 5000 39% of the world is connected billion connected things 13 80% of business processes Technology powers
  5. Pace of Change Point-of-Sale Print Advertising CarHotel Bookstore Taxi Music
  6. Vision of Future Organization Agility Hyper-Awareness Innovative
  7. Innovation Then: Cisco’s First Router
  8. Innovation Now: Cisco Spark
  9. Many Types of Innovation Technology and Product Solutions ProcessBusiness Model Selling Motion Tools Market
  10. The tyranny of incremental improvement
  11. Finding true north future vision
  12. “Culture eats strategy for breakfast.” Peter Drucker
  13. 13© 2015 Cisco and/or its affiliates. All rights reserved. Innovation Cultures Acquisition Innovation Organic Innovation Open Source
  14. Innovation starts with culture; BUT there is NO innovation without Great People. But People really care about WHAT they work on, HOW they work and WHERE they work.
  15. A Culture of Innovation Cisco Innovation Academy Training Employees to Be Innovative Innovation Challenges & Competitions Inviting Employees to Innovate Cisco Tech Fund Incubation Programs Provide Time, Space, & Funding Cisco Pioneer Awards Rewarding Innovation
  16. Evolving Our Innovation Model Internal Start-Ups Customer Co-Innovation IoT Developers Community Cisco Investments Integrate Build Buy Partner
  17. Customer Co-Innovation Facilitated Hackathons Incubation of Emerging Ideas Prototyping Labs Invest & Partner Ground- breaking Technology & Innovative Solutions
  18. Cisco IoE Innovation Centers Open London • Transportation • Energy • Public Sector Berlin • Manufacturing • Transportation Rio • Smart+Connected Communities • Smart Grid Songdo • Smart+Connected Communities • Public Sector Tokyo • Manufacturing • Public SectorToronto • Smart+Connected Communities • Oil & Gas Barcelona • Smart+Connected Communities • FOG Announced
  19. Cisco Investments 37 Funds95 Companies 25 Countries
  20. Cisco Entrepreneurs in Residence Program Internet of Things Big Data/Analytics Smart Cities Cloud Security Looking for Next Big Ideas in:
  21. Go Live Quickly, Get Feedback Combining Development & Operations Stability & Velocity Minimal Viable Product DevOps
  22. Fast Innovation Simplified User Experience Customer Co-Innovation Small, Agile Teams Agile Rapid/frequent deployment of hardware and software throughout product lifecycle DevOps Extends Agile to include operational teams and engineers working together throughout product lifecycle Waterfall Sequential development process for hardware and software, requiring completion of each phase in lifecycle Higher Quality Engineering Transformation
  23. Closing Thoughts Embrace Heterogeneity Think “Outside In” Look for Learning Opportunities Culture Is Key… Can’t drive, but is a key enabler (or disabler) Need to support existing businesses and new The world has a bigger imagination than you do! MVP, Agile, DevOps, customer co-development

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