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Scooped by Deb Nystrom, REVELN
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Systems in Action: Collaboration and the Internet of Everything ~ Cisco

Systems in Action:  Collaboration and the Internet of Everything ~ Cisco | Change Management Resources | Scoop.it

Change is constant. And technology has always been about change and convergence. "This is a wide ecosystem where everyone can participate and benefit."


Massive, global-scale change occurring now is happening at rates faster than anyone ever predicted.

How Big is “Everything”?

The Internet of Everything will create $14.4 trillion in value at stake through the combination of increased revenues and lower costs in just the next ten years – creating an opportunity to increase global corporate profits by an estimated 21% over the next decade.


The five main factors fueling this value are:


  • Asset utilization: $2.5 trillion in reduced costs
  • Employee productivity: $2.5 trillion in greater labor efficiencies
  • Supply chain and logistics: $2.7 trillion through eliminating waste
  • Customer intimacy: $3.7 trillion through addition of more customers
  • Innovation: $3.0 trillion through reducing time to market
    

Collaboration ties in throughout these factors. This is a wide ecosystem where everyone can participate and benefit: Small businesses, enterprises, service providers, system integrators, device makers are all critical to building out the connections and scaling experiences across every industry.

 

Deb Nystrom, REVELN's insight:

This is the promising side of big data and collaboration.  What do you see in your categories of cost & benefit and abundance in this thinking?  ~  Deb

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Rescooped by Deb Nystrom, REVELN from Innovation & Institutions, Will it Blend?
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Why Innovation Dies, Dealing with Disruption, not placing Deans: Higher Ed's long, winding Road to Online Education, Forbes

Why Innovation Dies, Dealing with Disruption, not  placing Deans: Higher Ed's long, winding Road to Online Education, Forbes | Change Management Resources | Scoop.it

Here's the companion post to the previous article that features the long & winding road in dealing with online education, and confronts disruption head-on.


Excerpted:


Lessons Learned

  • Innovation in New Markets do not come from “overarching strategies”
  • It comes out of opportunity, chaos and rapid experimentation
  • Solutions are found by betting on a portfolio of low-cost experiments
  • The road for innovation does not go through committee


One useful purpose a university committee could have had was figuring out what the goal of going online was. [The example in the article is education based.]


__________________________


...it is so complex that figuring out the one possible path to a correct solution is computationally incalculable.
__________________________


...the path to implementing online education is not known. In fact, it’s not a solvable problem by committee, regardless of how many smart people in the room. It is a “NP complete” problem – it is so complex that figuring out the one possible path to a correct solution is computationally incalculable.


By: Steve Blank, author, teacher of entrepreneurship and consultant who has reshaped how startups are created. He is coauthor of the recently published, The Startup Owner’s Manual (K&S Ranch, 2012).


Source:  http://www.forbes.com/sites/groupthink/2012/05/01/why-innovation-dies/2/

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