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Posted by George Colony on January 22, 2014
Here at the World Economic Forum annual meeting in Davos, I moderated a CEO discussion on “The New Digital Context” (video below). Thank you to my panelists Marissa Mayer (Yahoo), Marc Benioff (salesforce.com), John Chambers (Cisco), Randall Stephenson (AT&T), and Gavin Patterson (BT).
We are in the age of the customer, where technology is dramatically accelerating the shift in power from institutions to individuals, forcing organizations to be with their customers as they move through time and space.
My big takeaways from the panel:
Some key quotes from the discussion:
Marissa: “2014 will be a crossover year at Yahoo. By the end of the year, we will have more mobile traffic than PC traffic.”
Marc: “As we talk about devices, you should never forget that behind every one there is a person — a customer. It“s not the Internet of Things, but the Internet of People — of customers. We are moving to one-to-one relationships.”
Gavin: “Big data (is the next big thing). Processing power available through big data. Understanding how big data affects business.”
Randall: “The smartphone has become the remote control for our everyday life. The connected car is coming at hyperspeed.”
John: “10 billion devices connected to the Internet. Bandwidth is not the problem; it’s how you apply it.”