With more than 25 years of experience, Ian Kingston has worked in people, IT and business process leadership as well as internal and external consulting on IT strategy and business change, so we chatted to him and got his insight on the upcoming trends we should all look out for.
That brings us nicely onto the topic of ‘disruption’, why is that such a key term at the moment?
Disruption is a force that is changing the corporate landscape like no other.
“At least 40% of all businesses will die in the next ten years… if they don’t figure out how to change their entire company to accommodate new technologies” – John Chambers (Former Exec Chairman and CEO, Cisco Systems).
In a quickly evolving digital world organisations are not just being driven by technology. With recent disruption, companies frequently find themselves competing with players outside their industry. The on top of the disruption from new technologies there are other forms of disruption (e.g. global pandemics, global warming etc.), along with the megatrends that come from this (e.g. change in ways of travel, what we consume etc.). This is why Business Transformation is so essential.
“The reason why it is so difficult for existing firms to capitalise on disruptive innovations is that their processes and their business model that make them good at the existing business actually make them bad at competing for the disruption.” – Clayton Christensen.
I think we are hitting a pivotal point in which many new technologies are maturing and converging, and the trends and disruptive impact on businesses are showing. That’s why its a vital term right now, as companies work out what to do, how to transform to stay relevant.
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