Cisco CEO John Chambers shared a keynote address at the recently held 2014 International CES conference in Las Vegas. In his address, John shared the Cisco vision for the Internet of Everything or IoE, which he defined as networked connection of people, processes, data and things. And here we bring you the full transcript of the keynote below…
Speaker: Ladies and gentlemen, President and Chief Executive Officer of the Consumer Electronics Association Gary Shapiro.
Gary Shapiro – President and CEO, Consumer Electronics Association
Welcome ladies and gentlemen to the 2014 International CES keynote series. Cisco is the worldwide leader in networking that transforms how people can connect, communicate and collaborate. And we’re so pleased to be joined by John Chambers, Chairman and CEO of Cisco.
You know, John has built his entire career on seeing around the corner, identifying market transitions and making big bets on what’s next and he has been right so often. If you go back to when he keynoted here in 1999 and you listen to that speech, he talked about things like the connected home. He saw the future. He’s called it right almost every time.
John’s vision is help Cisco grow from $70 million in 1990 to record revenues of $48.6 billion in fiscal year 2013. He is interacting to the Internet of Everything (IoE), could be the most far-reaching yet. Along the way, John has been recognized among Time Magazine’s 100 most influential people, one of the Barron’s world’s Best CEOs, the Best Boss in America by 20/20 and BusinessWeek’s Top 25 executives worldwide.
John’s philanthropic leadership has led the Cisco’s global efforts to improve access to healthcare and education and twice earned the U.S. State Department’s top corporate social responsibility award as well as the first Clinton Global Citizen award, the Woodrow Wilson Award for Corporate Citizenship and excellence in Corporate Philanthropy Award, an award given by CEOs to their peers.
It is my great pleasure to welcome to you, John Chambers.
Cisco Keynote – Connecting the Unconnected
John Chambers – Chairman and CEO, Cisco
Gary, thank you.
You know it’s a pleasure to be back at CES. Over the years I have watched how this organization has transformed and watched how in many ways this forum was a predecessor for what’s about to occur in the industry.
If we were to be candid talking a year ago about Internet of Things and what it meant to people, in talking to another CEO I usually had to bring over a glass of wine and sit down and talk with him or her about what it really meant. Same thing with government leaders.
But in the last 6 to 9 months it was like somebody threw a light switch. All of a sudden government leaders, business leaders around the world began to understand this is what’s going to transform their country, transform job creation, transform education and healthcare. And businesses realize this is really going to be a moneymaker and it’s going to also enable me to interface with my customers, my employees and others differently.
But even though we talk about it is a one-year transition for the market, we started thinking about this seven years ago with Smart+Connected Communities. But Wim Elfrink has led for us – the ability to say how would this transform smart cities for the future. But what we originally thought is if you could do connectivity that would be the job. That doesn’t work. You have to do connectivity. You have to get the right data to the right device at the right time to the right person or machine to be able make the right decision. And that literally is what this is about today.
And while I will share some exciting numbers in connectivity and what it really means, it’s about how it changes everyday people’s lives. Four years ago, we talked about what this meant in terms of putting this over a smart grid, moving electricity around. And as you move electricity around, it was not just moving electricity but moving like data 0s and 1s and do it so you can move any data point around at the same time.
As you think what occurred two and half years ago it was about connected industries and transformation that has occurred. And what Gary said, what we do very well as a company, we listen to our customers. We get the market transitions occur in the market and we have the courage to bet on them ahead of time.
Even it’s a big bet to really bet on the future, the Internet of Things really evolved it into a process change. But that bet is starting to pay off and if we do it right, this will change the world in a very unique way and also gives Cisco the opportunity to become the number-one IT player.
A couple comments here and I realize they’re going to be controversial to very beginning. 2014 will be the transformational pivotal point for the Internet of Everything. This is when it moves on Main Street. This is where the majority of cities, countries, business leaders around the world would get it and you’ve seen all the results here over the last two days and you will see it over the next two.
It’s a visualization of – it isn’t just connecting a car or connecting a refrigerator or connecting a video capability to healthcare. It is the combination of these together that changes process and allows for different entertainment outcome and different business decision outcomes.
We will look back one decade from today. And we’ll look at how much the Internet had changed our lives since the inception to today. And you will look at the impact of the Internet of Everything and I predict to you that you will see it will be 5 to 10 times more impactful in one decade than the whole Internet today it has been.