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Toshiba and Cisco Intend to Engage on Internet of Things (IoT) Strategy

The two companies intend to jointly drive digital solutions in manufacturing, transportation and smart cities with an Internet of Everything focused framework
13 Nov, 2014

Toshiba Corporation
Cisco

TOKYO, Nov. 13, 2014 - Toshiba Corporation (head office: Minato-ku, Tokyo; President and CEO: Hisao Tanaka, TOKYO:6502) and Cisco (head office: San Jose, CA; NASDAQ: CSCO) announced today that they are collaborating on new ways to utilize the Internet of Everything that can dramatically improve processes, productivity and experiences in manufacturing, transportation and city environments.

Representatives from Toshiba and Cisco signed a Memorandum of Understanding (MoU) this week with the intention to advance the progress of a new Smart Community.

Growth of the Internet of Things (IoT)*1 market has accelerated dramatically in the past year throughout a wide range of industries and public sector organizations. The Internet of Everything (IoE) connects people, processes, data and things through the Internet, turning data generated from connected devices into actionable intelligence that can improve processes, decision-making and scenario planning for businesses and people. The Internet of Everything also is creating a greater need for fog computing, which stores and processes data at physical locations closer to devices and operations – or the edge – instead of handling all processes in the cloud.

This global collaboration brings together the Cisco Fog Computing*2 network environment featuring Cisco’s network-wide security solution with the Toshiba Group’s endpoint management technology. The joint effort will help monitor and maintain multiple devices, stream computing technology for high-speed information processing collected from devices, and provide storage technology to accumulate information generated with M2M technology. Through this process, Cisco and Toshiba will explore the feasibility of technological verification, marketing activities, and the provision of solutions for promoting widespread use of fog computing.

Toshiba seeks to generate new value by connecting its energy, health care, storage products and services using cloud computing, big data and analytics technologies, to achieve its vision of creating a safe, secure and comfortable society, the “Human Smart Community”. Toshiba will apply the technologies with the IoT, M2M, and fog computing to a wider range of devices and spread it to manufacturing systems, traffic/transportation systems, and smart cities.

To allow customers to make maximum use of the opportunities for value generated by the IoT and IoE, Cisco believes that a new approach to infrastructure optimized for many distributed sensors and data processing is critical. Cisco is also encouraging fog computing architecture, in which new networking, computing, and storage for value generation in the IoT era are deployed from the cloud to the edge. To expand the market for this technology, Cisco will promote innovation with its strategic ecosystem partners.

Key Quotes

Toshiba Corporation.

"The importance of fog computing is expected to increase for managing many devices in the cloud.” said Hironobu Nishikori, Corporate Senior Vice President and President and CEO of Cloud & Solutions Company, Toshiba Corporation.“We believe a synergistic convergence of Toshiba's advanced device management technologies and Cisco's rich expertise in networking will open up ways to provide outstanding excellence in the ever-growing field of the M2M/IoT."

Cisco

“Our relationship with Toshiba is expected to strengthen the technology foundation for the Internet of Everything, ensuring fast, reliable and valuable outcomes for our mutual customers in both the public and private sectors,” said Wim Elfrink, Cisco EVP of industry solutions and chief globalisation officer. “The powerful combination of Cisco’s and Toshiba’s information technology leadership will be one more key accelerator in the rapidly growing Internet of Everything market and its critical ecosystem.”

 

Note:
[1]
IoT: The mutual connection of devices such as sensors and industrial devices via the Internet.
[2]
Fog Computing: A paradigm for expanding cloud computing to network edges, enabling the creation of computing, storage, and network services between devices and cloud data centers in a highly virtualized manner.

About Toshiba

Toshiba Corporation, a Fortune Global 500 company, channels world-class capabilities in advanced electronic and electrical product and systems into five strategic business domains: Energy & Infrastructure, Community Solutions, Healthcare Systems & Services, Electronic Devices & Components, and Lifestyles Products & Services. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations towards securing “Growth Through Creativity and Innovation”, and is contributing to the achievement of a world in which people everywhere live in safe, secure and comfortable society.

Founded in Tokyo in 1875, today’s Toshiba is at the heart of a global network of more than 590 consolidated companies employing more than 200,000 people worldwide, with annual sales surpassing 6.5 trillion yen (US$63 billion).

To find out more about Toshiba, visit http://www.toshiba.co.jp/index.htm

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. For ongoing news, please go to http://thenetwork.cisco.com.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

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Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement, but is subject to change without prior notice.

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