Tag Archive | "Cisco"

5G Reality is Going to Match the Hype, Says Cisco CEO

“We have done a study and we believe that by 2022 there will be over 400 million 5G connections,” says Cisco CEO Chuck Robbins. “This is one of those great examples where the reality is going to match the hype building up to this.” Robbins adds: “If you think about what this is going to create, we believe in 2022 the amount of new traffic created in that year will actually exceed all of the traffic that has been created since the inception of the internet.”

Chuck Robbins, CEO of Cisco, discusses how technology is now defining enterprise strategy and how 5G is going to impact connectivity in an interview on Fox Business:

Technology is at the Heart of the Strategy

This technology is at the heart of the strategy of our customers. It is no longer enabling their strategy. They’re taking the technology and then they are defining their strategy based on what it makes possible. A lot of the focus over the last decade has been around consumer tech. If it’s on your phone you know what it does. If you use a social media app then you know what it does. What we do isn’t that clear to the everyday investor.

The technology that we are building are really enabling our enterprise customers and public sector customers to digitize and really take advantage of new methods of revenue stream. In the case of the public sector, new ways of delivering citizen services. Putting video connectivity out into rural areas and delivering citizen services virtually. There are all these things that are happening that are leading to continued demand.

5G Reality is Going to Match the Hype

We’ve been talking about 5G for many years. The trials are beginning this year. This is one of those great examples where the reality is going to match the hype building up to this. The fundamental difference that this technology is going to bring is (massive). In 2022 you’re going to see speeds that average 4-5 times more than we get today. If you think about what it enables, not only higher speeds and lower latency for mobile devices, but we are going to get connectivity into rural areas that we haven’t been able to because the cost of digging trenches and laying fiber has just been prohibitive. Now we can do this with 5G.

We are going to be able to connect people who have not been connected before. We have done a study and we believe that by 2022 there will be over 400 million 5G connections. What happens is when you get to a place where you have all of this high bandwidth capacity out at the edge of the network then the core infrastructure has to be updated to actually accommodate that. That’s one of the big roles that we are going to play is delivering innovation that actually allows our customers to deal with all this traffic.

5G is going to provide everything from the ability to connect IoT devices to things in your home and vehicles, all the way to connecting enterprise branch locations. The whole notion of lower latency is really what’s required to do real-time video applications. If you think about what this is going to create, we believe in 2022 the amount of new traffic created in that year will actually exceed all of the traffic that has been created since the inception of the internet.

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Cisco CEO: Last Year We Blocked 7 Trillion Cybersecurity Threats

The CEO of Cisco says that last year they blocked seven trillion cybersecurity threats or about 20 billion per day. He says that by and large cybersecurity organizations inside of their customers are very good. But they only have to be right once, so it’s a constant ongoing battle.

Chuck Robbins, Cisco CEO, discusses cybersecurity, technology, and trade issues with China on Bloomberg:

Last Year We Blocked 7 Trillion Cybersecurity Threats

Last year we blocked seven trillion threats on behalf of our customers. That’s 20 billion a day. The problem is the adversary only has to be right once. We have to be right all the time. It’s the only part of our business where we have to think about an active adversary. That’s not how we think about other parts of our business.

By and large, when you look at the cybersecurity organizations inside of our customers they’re very good. But again, they only have to be right once, so it’s just a constant ongoing battle.

Solving Security Issues Deep Within Network Infrastructure

Our growth is primarily driven by organic growth. We are in a unique position as a company that’s been around for 34 years. Our core franchises are actually growth engines for the company. Whereas a lot of companies of our age they would be looking at their core franchises as the profit pools that you would invest in other businesses.

We have done some of that but we are seeing strong growth in the core franchises that we build. This is because in order to solve the security issues you have to do it deep within the network infrastructure. We are rebuilding and rearchitecting networks for customers all around the world in order to do this.

Technology is at the Heart of What Every Entity is Doing

The things that we do are the digital nervous system for the economy. Companies today realize that technology is actually defining their future strategies. Technology is not an optional cost center anymore. It really is at the heart of what every entity is doing around the world.

Technology is at a different place today relative to the strategic value to our customers. It’s been strategic, but it literally is at the heart of everything they are trying to drive now.

Technology That We’ve Build Has Created a Flat World

What we do is create this flat world that we live in. Fundamentally the technology that we’ve built over the last 30 years has created a flat world. Now we find ourselves with lots of conflicts around the world. The geopolitical dynamics are clearly complicated for all of us. Countries are just trying to find out how to deal with this technology change that is occurring so rapidly.

Frankly, it’s very difficult because governments around the world don’t have the expertise necessarily inside the government to even be able to regulate or determine what they should do. What that leads us to are very binary decisions. It’s difficult to understand how to do it surgically so I have to do it with brute force.

5G Buildout is Critical to Every Countries Future

Regarding the China trade issue, there are aspects of intellectual property. There are aspects of trade deficits. There are aspects of the view that this 5G buildout is critical to every countries future and there is this competitive race going on around the world. I this it is a bit of all of that.

My hope is we can get to a place where we can all move forward in a way that lifts the global economy again and actually allows us to begin to take advantage of some of the technology. What it can do, not only for business but candidly we are at a point in time where technology can help solve some of the biggest problems in the world. That’s what we need to be focused on.  

Educating Governments on How to Regulate Technology

Our business in China is a relatively small percentage of our business still. The impact (from tariffs) has been quite minimal. What we do is just be a part of the discussion. We try to bring some logic as to what needs to be done.

We are trying to help educate governments around the world as to how should they think about regulating this technology. How should they think about data privacy? What can we do to help alleviate some of the concerns and help them achieve what they are trying to achieve while not destroying the global benefit of connectivity?

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Cisco: Financial Institutions Struggle With Pace of Technological Change

The pace of technological change is possibly the biggest challenge that financial institutions are facing says Cisco FinTech Lead Al Slamecka. He says that the large financial organizations are zeroing in on automating the network management functions and the operations side of their businesses, which they call Intent-Based Networking.

Al Slamecka, Financial Services Industry Lead at Cisco, discussed the challenges institutions are facing because of all that is currently going on in the FinTech space with Investor’s Business Daily:

Financial Institutions Struggle With Pace of Technological Change

The pace of change is probably the biggest thing large financial institutions struggle with. They continually face the pressures of seeing a lot of what’s going on from the FinTech space. As large organizations, they are continuing to try to evolve the way that they as a provider of a significant number of services can accelerate their innovation and accelerate their transformation. In that regard, from our perspective, there’s a lot that is dependent on their ability to provide greater automation and orchestration of the underlying infrastructure.

Organizations Focusing on Intent-Based Networking

We’re starting to see a lot more organizations look at the capabilities of automating the network management function and the operations side of the business, something that is typically called Intent-Based Networking. Essentially this accelerates their ability to allow the organization to be more agile from an application development perspective and from a partnership perspective with FinTech firms. There’s good momentum in that space currently. It’s an interesting time for them but we think that those organizations that are taking that fundamental view at their infrastructure are well on their way.

Software Defined Networking is the Preferred Approach

These are large institutions and so over the years, they’ve developed large complex networks to service their business. The challenge is one in which they need to get out of the business of doing what they used to do. Things like command line execution of management functions have been a real time-staking task, so to deploy automation they need more intelligence out of the solutions they deploy. Software Defined Networking is generally the approach that they’re taking both from the data center side, software-defined data center, as well software-defined campus and WAN.

There’s a transition in the products that support that and they need to essentially upgrade their infrastructure with products that have the intelligence to provide the kind of visibility and manageability that they need. Then they also need to look at their own capabilities inside, the talent inside the IT organizations needs transformation as well. So there’s an upgrade both on the operational side as well as on the infrastructure and technology side.

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Cisco Ventures Into the Cloud, Acquires Broadsoft for $1.9 Billion

Cisco has just signed a check worth $ 1.9 billion for Broadsoft, a clear sign that the company is set on moving away from switches and routers and expanding its product portfolio.

Cisco, the world’s biggest producer of networking gear, announced on Monday that it offered Broadsoft $ 55 per share, a 28% premium over its closing price on Aug. 29. The market day ended with the two companies enjoying a rise in their shares, with Broadsoft enjoying a 1.5% boost before the bell.

News that Cisco was planning on acquiring the American telecom software company surfaced on Sunday, with the deal estimated to be valued at $ 1.71 billion based on its outstanding 31 million shares.

The arrangement between the two companies would also give Cisco a firmer stronghold in selling consolidated communications software to major telecommunication companies. It also heralds the company’s move from being a purely networking company to one that focuses on software and services delivered via the cloud.

The deal is expected to be wrapped up by the first quarter to 2018, after which Broadsoft employees will be joining Cisco’s communications technology division.

Broadsoft is known for supplying software and services that allow fixed-line, cable and mobile service providers to offer integrated communications over their IP networks. It has historically been offering its products to big telecom companies like AT&T and Verizon, which then resells the software to their clients. Meanwhile, Cisco has been placing all its attention on high-growth sectors like cloud computing, the Internet of Things and security.

While the move might have been surprising for some, Cisco’s management strongly believes the two companies complement each other. CEO Chuck Robbins said that the deal with Broadsoft will give their clients a way to better connect with their customers. According to Robbins, businesses have to think about how they interact with their customers when dealing with digital strategies. He also added that the “acquisition of Broadsoft actually gives us the most comprehensive set of collaboration solutions for our customers.”

Cisco’s Broadsoft acquisition is the company’s second large-scale purchase this year after scooping up AppDynamics for $ 3.7 billion in March. The company is also gearing up to acquire more companies. In May, Cisco agreed to purchase Viptela Inc., a software-based networking start-up, for $ 610 million. It also has plans to acquire Perspica, an analytics company focused on machine learning-driven operations. Cisco reportedly has plans to integrate Perspica’s engineering team with the AppDynamics group.

[Featured image via YouTube]

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