Cisco’s FY24 Function Report: Wanting again whereas wanting forward

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Because the world enters the clever age and Cisco enters its fifth decade, we have now an unimaginable alternative to drive moral, accountable, and sustainable management – and to convey others together with us. The power to entry and leverage digital applied sciences is changing into extra vital as AI develops. Know-how is now a foundational pillar for our society, individuals, authorities, and setting. It has additionally turn into the spine of resiliency, offering the entry and capabilities that ecosystems have to not simply survive, however thrive.

Cisco’s Function: Powering an Inclusive Future for All

Image of 2 Cisco employees collaborating on a computer

The troublesome fact, nevertheless, is that a lot of the world’s inhabitants nonetheless can’t be described as “resilient” and the hole is widening as innovation and alter speed up. At Cisco, we have now the distinctive alternative to responsibly drive influence on a worldwide scale. We all know that after we put our Function into apply, we drive progress for our enterprise, individuals, and communities. Now, simply forward of Cisco’s 40th anniversary, I’m thrilled to share our FY24 Function Report, detailing our targets, accomplishments, and the alternatives forward as we work to Energy an Inclusive Future for All. Listed below are some highlights of the yr:

  • Named #1 Finest Firm to Work For in 16 nations by Fortune and Nice Place to Work
  • 86% of our workers drove neighborhood influence by donating, volunteering, advocating for causes, and extra. This marks our 5th yr in a row above 80% worker participation.
  • 96% of electrical energy for Cisco services got here from renewable sources
  • The Cisco Basis dedicated $35 million to fund local weather options since FY21
  • Cisco Talos noticed 800 billion safety occasions every day, driving world cyber resiliency
  • Cisco Disaster Responses responded to 30+ pure disasters and humanitarian crises
  • By Cisco Networking Academy, we reached 4.7 million college students in FY24 – and even opened the first floating Networking Academy within the Amazon
  • Cisco’s Nation Digital Acceleration program has 1,600 lively, accomplished, or in-pipeline tasks throughout 50 nations

Partnerships Constructed on Belief 

Our Function is woven internally throughout our firm and can also be scaled externally by a community of devoted companions. Our success is fueled by the work of many – many individuals, firms, communities, governments, Companions, clients, establishments, and others in search of to alter our world for the higher. However this vital work can solely be achieved when one key component is current: belief. Belief with our clients, authorities leaders, our individuals, and our communities. We all know that belief is our most dear forex. The 2024 Edelman Belief Barometer discovered that companies are most trusted to combine improvements into society — greater than NGOs, authorities, or the media. Cisco is dedicated to main with safe, trusted options, simply as we have now for 40 years. It’s a privilege to have that belief and a accountability that Cisco doesn’t take flippantly.

For All 

Cityscape scene with 2 roads running through it There’s huge alternative in AI, however we should convey others alongside. As we take a look at rising markets across the globe, the potential financial influence of AI is immense. Latest estimates counsel AI may enhance Africa’s financial system by US$2.9 trillion by 2030 and that India’s AI providers may very well be value US$17 billion by 2027. However this unimaginable potential can solely be realized if work is finished to shut the digital and information divide alongside the way in which. Many creating economies lag far behind in resiliency and connectivity, curbing entry to schooling, healthcare, jobs, and extra.

The truth is, 2.6 billion individuals around the globe are nonetheless with out Web entry and even amongst these which can be linked, there are disparities in high quality and affordability. Fastened-broadband Web wanted for data-intensive apps is prohibitively costly, if out there in any respect. And 3G – not even 4G – stays the prevalent cell expertise in much less economically-developed nations. Reliably and securely connecting populations is step one towards inclusion, and we should always all really feel the crucial to attach the unconnected and battle this rising divide.

Our Subsequent Large Ambition: 40 Communities 

Logo of 40 Communities with the text Connected. Resilient. Thriving. beneath 40 years in the past, Cisco was based to deal with a fundamental want — the necessity for connection. Since then, Cisco has linked communities, nations, and continents internationally, accelerating expertise and impacting multiple billion lives within the course of. As we rejoice 40 years of influence, we’re excited to introduce our subsequent massive ambition: 40 Communities. Over the subsequent 10 years, we intend to have interaction, assist, and put money into 40 communities around the globe.

To take action, we plan to broaden upon current choices and contributions — together with funding, expertise, and experience — in each communities the place Cisco is presently engaged and newly recognized communities. However, most significantly, we’ll faucet into our neighborhood companions — on-the-ground consultants who actually perceive a neighborhood’s greatest wants, targets, and alternatives, and who can assist us finest decide how we will create the best influence.

Wanting Again Whereas Wanting Forward

I’ve been fortunate sufficient to have a front-row view of Cisco’s innovation and progress for practically 30 of those previous 40 years, and I discover myself reflecting on how a lot our Function work — starting from digital skilling to Round Design Rules — has advanced prior to now 4 a long time. As we’ve showcased in this yr’s Function Report, our progress is accelerating, particularly as AI helps us turn into extra human, extra inventive, and extra productive.

And but, there may be nonetheless a lot extra for us to do. Wanting forward, we’ll by no means be capable of anticipate all of the wants or how our societies will shift. However we will decide to being powered by our Function and serving to communities around the globe construct a extra resilient and inclusive future for all.

We invite you to assist Cisco Energy an Inclusive Future for All: Partnering for Function


Study extra:

Cisco Function Reporting Hub

Cisco Networking Academy

Cisco Nation Digital Acceleration

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