Very short survival guide
Digital Disruption in the last years marked a shift in the collective consciousness of businesses. No longer was disruption a mythical buzz word concocted to stir up fear, but a general state of business reality in world governed by technology.
It’s like a democratization of experience. If you look at Uber, it allows everybody to have a limo service at a relatively inexpensive rate. Things that perhaps only the one percent could afford, are now being moved to the broader base through technology. You can call it disruption, give it different words, but what it’s doing is allowing everybody to purchase experiences that traditionally would have cost a lot of time and money. It’s not the same way of doing business, it’s certainly exciting times.
The term digital disruption has become
something of a cliché in recent years and is often misused to describe any product involving digital technology or the use of digitization to better compete against marketplace peers. It is often confused with the term disruptive technology, a term coined by Harvard Business School professor Clayton M. Christensen to describe a new technology that displaces an established technology.
We have to focus on the velocity of disruption, setting up our organisations for the new state of business and how we can leverage disruption to grow. And the key to staying ahead of the curve, depends on keeping up with the pace of change.
How to achieve the above?The following list is not pretend to be exhaustive, but is good starting point:
- Start from the scratch: Rethinking Value Creation
- Miners wanted as Data is the new Gold: Leveraging Data to Build Competitiveness
- Cultural shift: Anticipating and Preparing for Future Disruption
- Entrepreneurial approach: Eliminating Siloes and Collaborating for Disruptive Innovation
- Evaluation in time: Desirability, Viability and Feasibility of Innovation
- Unlimited opportunities: Building partnerships to foster innovation
- Creating a culture for innovation and empowering employees to be entrepreneurs
- Organisational change: Rethinking Existing Processes and Structures
- Identifying the Best Placed team to Drive Disruptive Innovation within Organisation
- Rethinking Product Design to Improve Value Creation
- A CDO (Chief Digital Officer) role: Acquire and Promote an Effective Digital Leader
- Identifying Benchmarks and Measuring Success of Digital Transformation
- Navigating Diverse and Complex Technologies and Identifying the Best fit for the Business
- Embedding Agility to Improve Speed to Market
- Social Capital Management: Building and Maintaining Deep Relationships with Customers, Partners and Stakeholders
- AI is not part of the future anymore: Exploring the Scope and Impact of Machine Learning
- Anywhere, anytime from any device: Creating a Collaborative and Creative Work place
Still not sure how to achieve that? Call me for a free digital disruption health check.