Thursday, March 7, 2013

Cisco Systems (NASDAQ:CSCO) introduces cloud-based remote education platform in India

Today, Cisco Systems, Inc. (NASDAQ:CSCO) unveiled the Cisco Education Enabled Development (CEED 2700) solution in India. This collaborative video interaction solution based on the cloud will allow efficient delivery of skills and educational development courses in the country, helping comprehensive growth and empowering rural India. The product is Codenamed “Dwara”, which is the first of Cisco (CSCO)’s ‘Internet of Everything’ solutions from India. This solution will help in connecting the unconnected and will allow large rural communities to access master trainers and proficient teachers. Such kind of training is almost impossible in areas outside urban institutes. CEED is the second product to be introduced from Cisco’s India site with the aim of driving innovation from India to other parts of the Globe. The company is accomplishing its goal to help transform education for the poor by reducing the cost of technology in education to approx. $1 for each child each month. President of Inclusive Growth at Cisco, Aravind Sitaraman, said that CEED is the company’s first step to introduce inclusive growth in rural regions by utilizing the new technology at exceptionally low costs. It has the ability to transform skills and learning development in India and to fulfill its dream of becoming a developed country by 2050, he said. Sitaraman added that inclusive growth is critical for fast developing countries like India and Cisco is probably the first company to have a business division working on developing solutions and technologies to bring inclusive growth to under-served communities. He also said that the company is proud to have developed this product from its Indian site and at the same time understand its vision to decrease cost of technology in education to as low as $1 per child per month.