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What Information Technology Means in NEO
Sylvio Mecone
Director, Research
Team NEO
May 31, 2016
Table of Contents
• What’s I.T. ?• I.T. Areas• Talent• NEO Advantages• I.T. Assets• Questions/Discussion
Is it a Tech Company?
NAICS 541613Marketing Consulting Services
NAICS 485320Limousine Services
12 Times
Defining IT
The application of computers to store, retrieve, transmit and manipulate data
To add intelligence to things (or processes) that haven’t been intelligent before
The broad subject concerned with all aspects of managing and processing information
Every Company Is A Tech Company?
“The concept of a “tech sector” is out of date, and we should stop talking about it.”
- Jon Bruner, Forbes
GOJO
“technology-enabled business”
Tech is about Disruption in any Industry
1. Toys2. Threat
3. Obvious SolutionClayton Christenson, Harvard Business School
Notable Information Technology Areas
• Software
• IT Infrastructure & IaaS
• Data Centers
• Cyber Security
• Corporate Digitization
• FinTech
• IOT
“Software” Distinctions
• Enterprise
Software
• SaaS
• Middleware
• Firmware TORNADO Technologies
Global SaaS market projected to grow 73% by 2018 ($67B)*
SaaS – Software as a Service
• No maintenance or updating = Less resources required to manage
• Lower Cost
• Access anywhere from many devices (aka the cloud)
• Global SaaS market projected to grow 73% by 2018 ($67B)*
*Forbes.com
Middleware Example
Middleware orchestrates production, supply chain execution, sales and
operations, logistics and transport, etc. passing the relevant information
between them to optimize the overall outcome
MFG Monthly
Middleware“translator”
IaaS – Infrastructure as a Service
• No Capital Costs (servers, equipment)
• Pay for what you Use
• Scalability
• Security
• Redundancy/Continuity
• Access from Anywhere
• No expertise required
Data Centers• HQs make NEO a rich opportunity
• Booming global demand
• Proximity can matter aka Latency
• Enterprise vs Colocation
• Low Natural Disaster Risk
• Ohio House Bill 153: Sales and Use Tax Exemption (1 of 4 States)
CyberSecurity
Manufacturing was the 2nd most targeted industry in 2015
Crains
• Customer, Supplier & Personal Data
• Corporate & Industrial Espionage
• High Compliance Industries are Ahead
• Cyber Insurance
Fintech: Financial Tech
http://www.columbiafintech.com/taxonomy/
Alternative LendingEnterprise SoftwarePersonal FinanceInsurancePaymentsCrowdfundingCrypto Currency
Corporate Digitization
Managing digital transformation will decide which businesses will survive and which not.
HBRMIT
“Emerging
markets spend
35% more on
digitization”
• Legacy Systems• Legacy Thinking• Adaptability
InformationAge
85% of Fortune 500 companies are ill prepared to exploit big data
Internet of Things (IOT)
Infrastructure + Sensors + Software + Data Analytics
Intel factory IOT pilot program
Increased Manufacturing Throughput
The production line can run for longer periods of time due to shortened planned maintenance, resulting from preventive maintenance measures that reduce the number of routine part replacements.
Higher Yields
A test tool that previously rejected good units when one of its parts malfunctioned is now repaired in advance, using real-time predictive maintenance methods to trigger a response before the process control system can detect errors.
Improved Efficiency
Image analytics identify good units from defective units in about one-tenth the time of the equivalent manual method.
Reduced Downtime
Tool failures are avoided through the use of preventive maintenance to identify worn parts that need to be replaced in advance of planned maintenance
Intel
NEO IT Talent
Local IT Talent Demand
Top Occupation Groups by # of Unique Job Postings
1. Sales2. Office/Admin3. Healthcare4. Transportation (trucking)5. Computer & Math6. Management7. Food8. Finance9. Repair & Install10. Healthcare Support
Source: Wanted Analytics Hiring Demand DashboardCleveland, Akron, Canton, Youngstown, Mansfield, Sandusky MSAs
Talent Pipeline
Other Talent Issues
• Certifications vs Ability
• Soft Skills
• Homegrown vs Imported
• Shortage vs Pay Mismatch
“Certifications and years of experience are irrelevant in nascent technologies”
Deloitte TechRepublic Bloomberg
$74
$105 $107 $112
$88
$114 $117
$125
$40
$50
$60
$70
$80
$90
$100
$110
$120
$130
NEO DC Boston S.F.
Tho
usa
nd
s
Software Developers Computer Engineers
Labor Costs
Scale Up Opportunity
Bloomberg
Existing Industry
• HQ & Professional Services
• Finance
• Insurance
• Healthcare
• Manufacturing
Embedded Intelligence Innovation in NEO
Smart Industrial Systems
Smart Components
mHealth Router
Blue Spark TechnologiesSmart Temperature Patch
Vancive Medical Technologies Diagnostic
PatchesCleveland Clinic InnovationsSmart BadgeSmart BandageMore
PolyOneConductive Polymers
Higher Education
52 Schools with CIS programs in NEO
15,800 Grads within 200 Miles of NEO
KSU School of Digital Sciences
The Network Support Specialist Training Program
Electrical Engineering and Computer Science / ThinkBox More Computer Science
Grads of any NEO 2 Year school
Regional Training Assets
AKRON
Center for Cybersecurity& Privacy Protection
Regional Advocacy Assets
Healthcare Information and Management Systems Society
Regional Infrastructure Assets
IncubatorsAkron Global Business Accelerator MAGNET
Bad Girl Ventures Partnership for the Minority Business Accelerator
BioEnterprise TBEIC-The Tech Belt Energy Innovation Center
Bizdom The Bit Factory
BlackstoneThe Great Lakes Innovation and Development Enterprise
(GLIDE)
Braintree Business Development Center Tolloty Technology Incubator
Flashstarts Inc. Tremont Storefront Incubator
LaunchHouse Youngstown Business Incubator
LaunchPad Incubation at University of Toledo Minority Business Development Center
Ohio University Innovation Center
Source: Crain’s
Summary
• Disruption is occurring in most industries due to tech.
• Some companies might be falling behind digitizing.
• NEO is uniquely positioned around IOT/embedded intelligence (Manufacturing & Healthcare).
• Talent is paramount. Connect companies with assets. Understand gaps. Communicate with institutions.
Questions?
• Are your companies talking about applying technology to their business?
• Are your companies using IOT?
• What are your companies saying about tech talent? (STEM)
• What did we not cover/where would more detail be helpful?