Network could grow productivity 5% annually, says Cisco CEO

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Network could grow productivity 5% annually, says Cisco CEO

Alex Scroxton

Speaking this morning at the Cisco Live event in London, Cisco CEO John Chambers has called for European businesses to use their networks to improve productivity in the economic recovery, and warned that there is "no such thing" as a truly secure data centre.

The global economic recovery will raise all boats, but Europe must think about how to be innovative and competitive on a global basis," said Chambers. "The network will be the platform for that change."

Citing conversations with leading economists at the World Economic Forum in Davos, Switzerland, the ever-enthusiastic Chambers said that current opinion among business leaders was that productivity could only grow at maybe one per cent a year.

"But the top economists are more optimistic; they are now saying it could grow at two to three per cent as a given, and maybe as much as five," said Chambers.

As the information economy transitions to what Cisco is now referring to as the networked economy, and technologies such as video, collaboration and cloud become more important, Chambers explained that businesses in the UK would have to "develop a culture that is comfortable operating in an uncertain future."

On his UK junket Chambers has already met with prime minister David Cameron, and reported that the government understands how network improvements will enable Britain to remain competitive on the global stage.

Chambers also sounded a warning over the state of security in the data centre, saying it was critical to "balance the openness of the new environment with the importance of security" and in a riposte to recent analyst suggestions that the single vendor model was bad for business, added that "the only way we can do this is through an architectural play."


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