Cisco CEO: Israeli leaders know importance of high tech

John Chambers at Davos: If you talk with Shimon Peres or Benjamin Netanyahu, they understand that these things will change their country forever.

"When we connect everything - bandwidth, cloud, apps, etc. - we get an engine that will drive businesses forward and excite consumers. In the future, your body will have 4-5 devices all the time," said Cisco Systems Inc. CEO John Chambers at the World Economic Conference in Davos today.

Chambers, who will meet President Shimon Peres and Prime Minister Benjamin Netanyahu at Davos, said, "If you talk with Israel's leaders, Shimon Peres or Benjamin Netanyahu, who will come there - they understand that these things will change their country forever."

At Davos, Peres and Netanyahu will meet the heads of multinationals to try and persuade them to invest in Israel. Netanyahu will also participate in sessions on the cyber industry as part of his promise to turn Beersheva into a global cyber powerhouse.

"Five years ago, none of you had a smartphone and the tablet did not exist. Businesses had to change models to adapt to these things. If you don’t change, you cease to exist," added Chambers, and concluded, "My competitors from 15 years ago do not exist. You must take risks even at the price of possible failure."

Published by Globes [online], Israel business news - - on January 22, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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