Once again, Version 2.0 and Atlas Venture have partnered to celebrate local innovation and entrepreneurship. Thursday night the organizations will come together to fete Yankee Group CEO Emily Green and her new book, “ANYWHERE: How Global Connectivity is Revolutionizing the Way We Do Business.” The invitation-only cocktail event will feature local IT innovators Dr. Hamish Fraser from Partners in Health, Former CEO/founder of Maven Networks Hilmi Ozguc and David Rose, CEO of Vitality, Inc.
In advance of the event, V2 co-founder Maura FitzGerald spent some time with Green to talk about “ANYWHERE.” Following are excerpts from their conversation:
V2: What or where is Anywhere?
Green: ANYWHERE is Yankee Group’s vision for the emergence of ubiquitous connectivity: when a seamless, capacious, and intelligent network connects all of us and the things we care about. The book explains why this is happening — but more importantly, it exposes the tremendous changes still ahead in all our lives as it happens. I set out the vision, how and when it happens around the world, and what it’s doing for us as consumers, workers, and business leaders. That’s why the subtitle of the book is How Global Connectivity is Revolutionizing the Way We Do Business.
V2: What prompted you to write a book about it?
Green: By any measure you could choose — the number of people touched, the geographical scope of the technologies, the total economic value added — this revolution in the expansion of the global network will be the largest technology change of our lifetimes, even bigger by far than the commercialization of the Internet. Yet frankly most managers in the business world today don’t yet see the magnitude of those changes: how the network’s expanded reach will continue to ‘flatten’ the planet, how the growing richness of network experiences will create new appetites in us as consumers, how the network’s intelligence will shrink costs in companies and change the fundamental nature of our activities as businesses.
I wrote this book to educate businesses on how best to steer their initiatives, partnerships, product development, customer service and virtually every other aspect of a business in order to succeed in the Anywhere environment.
V2: How close are we now to Anywhere? Can you predict a timeline for when we will get there globally?
Green: Anywhere is not everywhere, but it will be soon. Yankee Group tracks where the Anywhere revolution is happening using its Anywhere Index, which shows the ratio of broadband connections per capita. Countries are considered to be Anywhere when they reach or exceed the Anywhere Tipping Point: one broadband connection per person.
By 2009, only South Korea, Japan and Hong Kong had achieved Anywhere status, but the trend is picking up speed. By 2015, we believe 32 countries will be Anywhere. People in these regions expect to connect with people, work and services from anywhere. Broadband connectivity is as common as electricity and just as unremarkable. The most important day-to-day information and experiences are available on demand.
Today 30 countries, including the U.S., Australia, Switzerland, the U.K., Taiwan and Estonia, are categorized as Transforming, with one broadband connection for every three people. Daily information and experiences are a mix of the digital and traditional. Network connectivity is frequently available but not universal, and locations with fixed connections–such as the home or the office–become the center of connected society.
V2: How is Anywhere changing individual behavior?
Green: Consumers increasingly expect to be able access content, society and commerce at any time from anywhere. Bank of America (a firm whose Anywhere activities are a case study in the book) discovered after launching their first mobile banking solution that its customers were far more ready for anywhere banking than the bank was, and they were even teaching their family members how to transfer funds by mobile phone. Yankee Group’s substantial on-going consumer surveys show that growing numbers of us want most of the electronics we intend to buy – picture frames, e-readers, cameras – to be connected.
This emerging expectation, of the network just being there, regardless of where we are and what device we have access to, creates some tall orders for companies who serve us. Remember when it was just operate a storefront? And then the Internet meant that as businesses, we needed to be open 24/7? Now the ante’s being upped again. Businesses need to reach this new breed of consumers not just anytime, but on any device, and in ways that make sense on those platforms. The businesses that do that, win the Anywhere Consumer.
V2: What is the potential for the Anywhere enterprise? What can CEOs and managers do to accelerate Anywhere within their organizations?
Green: Why does the bigger picture of Anywhere connectivity matter to enterprises? The main responsibility IT leaders have is to help their organization deploy technology to increase revenues and reduce costs. The emergence of the Anywhere Network is the most powerful tool we have to do that job. Some examples:
Connectivity is cheaper than people: When information can be gathered in real-time from the point of creation and conveyed elsewhere instantly, enterprises can reduce labor in gathering that information manually, and eliminate delay in activities throughout the business. With the ease of adding WiFi networks and the falling cost of active RFID tags, M2M deployments can recover their costs in half the normal IT payback period through increased equipment utilization, lowered waste, and increased worker productivity.
Connectivity allows businesses to flex. When computing demand varies seasonally – through a surge in ecommerce around the holidays or a summer slowdown in manufacturing, for example – why not allow its cost to float with that demand for it, by eliminating investment in fixed capital IT and moving to cloud-based solutions that tie the size of operational expense directly to changes in revenue? That’s increasing the enterprise’s leverage of its capital expense budget, using cash as efficiently as possible, to say nothing of the reduced impact on the planet’s energy resources.
Connectivity empowers employees. When workers are enthusiastic adopters of consumer technology, why not let them bring the technology they relish to work, and recapture lost productivity away from their desks by providing them with access to corporate apps and data through their own smartphones and laptops? Not only can productivity rise but so can workplace satisfaction.
Tweet This Post No Comments » | April 7th, 2010