Cisco To Develop Industrial Internet Of Things With Snam

By John F. Heerdink, Jr.
Snam, a European natural gas utility and Dow 30 component and tech giant Cisco Systems, Inc. (CSCO) are seeking to come together to develop an industrial internet of things, research, development, and innovation for the major European utility. Snam signed a memorandum of understanding with the tech giant which also aims to ensure that working of energy networks are more productive and smart. The growing need of going digital and using technology to boost business and productivity has made the internet of things an inevitable part of any business or industry. The ease and comfort it gives cannot be ignored in this day and age.
CEO of Cisco, Chuck Robbins looked forward to the association and intents to help Snam to “enable its digital transformation, supporting the company in making its energy network increasingly sustainable using cutting edge technologies, IoT (internet of things), 5G and artificial intelligence.” as per reports.
Cisco Systems, Inc. (CSCO) is a global technology leader that designs, manufactures, and sells Internet Protocol-based networking and other communications technology. To learn more about Cisco Systems, Inc. (CSCO) and to continue to track its progress please visit the Vista Partners Cisco Systems, Inc. Coverage Page. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Join us at Vista Partners!

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Cisco signs agreement to develop internet of things tech with major European utility

The agreement could look at new connectivity systems and smart sensors… finance.yahoo.com
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