Stories of Technology, Innovation, & Entrepreneurship in the Southeast

November 14, 2019 | Tom Ballard

Former Cisco CEO predicts many companies will not exist in 10 years, thanks to IoT

Here’s a sobering fact, courtesy of John Chambers, former Chief Executive Officer at Cisco.

At the recent “NC CEO Forum” attended by about 500 people, he said, “Fifty percent of the companies here in this room won’t exist in a decade. His rationale: the Internet of Things (IoT)  and the age of connected devices which will usher in the most disruptive technology of our time.

Even the advent of the internet comes in second, Chamber said. Click here to learn more about his thinking.