Global Thinking - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Infrastructure
News
1/30/2004
02:56 PM
David Ewalt
David Ewalt
Features
50%
50%

Global Thinking

Technology has the power to change the world, Cisco CEO Chambers says

Look up the word "bellwether" in the dictionary, and you might just see a picture of Cisco Systems CEO John Chambers. After all, his company remains the dominant vendor in the enterprise networking hardware market, and its fortunes continue to serve as a barometer for the technology industry as a whole. So then, the big question is, what are Chambers' expectations for a long-awaited turnaround in the technology sector?

"The expectation for 2004 is that wherever you see sustainable GDP growth, you'll see good growth in the tech sector," Chambers said by E-mail. "Barring any surprise, the segment of the tech sector that's tied to productivity increases will have a solid 2004."

Chambers also predicts it will be a year of winners and losers in the technology industry. "It's a matter of execution and how you tie your products into meeting customer needs."


John Chambers

IT is still a good career option, Chambers says

Photo by Darren Gygi
To do that, Cisco is tightly focusing its product development on six emerging technologies: security, IP telephony, storage networking, optical networking, wireless, and the home-networking market. "All six have the potential to be $1 billion markets for Cisco, if we execute well," Chambers said.

But the news isn't just that an improving economy means improved spending on technology; in fact, it also operates the other way around. "When you see people invest in IT, you see a correlation in productivity increases and correlation to GDP growth," Chambers said.

Still, Chambers worries that for all of technology's benefits, we may be missing an opportunity to really use it to change not just the future of business but the future of entire countries and the standard of living of their citizens. "It requires a multiple-part focus by government, business, and education to do that, as well as strong encouragement and support from the tech sector," he said. "I truly believe that jobs and the best future will go to where the best-educated workforce is with the right infrastructure and the right supportive government."

Chambers hopes that we can continue to build that educated workforce here in the United States, and he believes that technology remains an excellent career option for young people. "My first piece of advice to high-school students is to really emphasize the importance of education and ideally to obtain an advanced degree," he said. "Second, follow your heart and your mind in terms of what you're good at and what you enjoy. One thing I've learned is that you should focus on the things you enjoy and do well, and with a lot of hard work you can be truly successful. If business and technology are something you enjoy, then I think you can have a very bright future in a very rewarding area."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Slideshows
10 Things Your Artificial Intelligence Initiative Needs to Succeed
Lisa Morgan, Freelance Writer,  4/20/2021
News
Tech Spending Climbs as Digital Business Initiatives Grow
Jessica Davis, Senior Editor, Enterprise Apps,  4/22/2021
Commentary
Optimizing the CIO and CFO Relationship
Mary E. Shacklett, Technology commentator and President of Transworld Data,  4/13/2021
White Papers
Register for InformationWeek Newsletters
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
Video
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Slideshows
Flash Poll