cio panel: digital transformation to achieve speed and control
TRANSCRIPT
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Disrupting Digital BusinessR “Ray” Wang
Principal Analyst, Founder, Chairman
Constellation Research
© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
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The Digital Disruptors
R “Ray” Wang
CEO Constella2on Research
Tom Quinn
CIO
NewsCorp Australia
Mar2n Stansbury
Principal
DeloiEe Consul2ng
Ronald Blitstein
EVP & Group CIO
Sagicor Financial Corpora2on
© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
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Digital creates winner takes all markets
Overall Market Share Percentage of Profits
© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
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Don’t be caught in the disruption!
© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
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“A digital divide exists between the organiza0ons who have built digital business models and everyone else.” (2013)
© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
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“52% of the F500 have been merged, acquired, gone bankrupt, and fallen off the list since 2000. Are you a disrupter? or is your industry being disrupted?”
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“What are the drivers of digital transforma0on in your industry? ”
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“How is your disrup0ve business model delivered? What are your ini0a0ves?”
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“What has rapid adop0on of SaaS applica0ons meant? Do the new silos of informa0on get in the way of cross func0onal visibility?”
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“What are your IT Innova0ons to adjust to or make the shi]?”
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The reality of how we allocateBrand
Strategic differen0a0on
Revenue growth
Opera0onal efficiency
Regulatory compliance
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What we really need to do is flip the pyramid!
Brand
Strategic differen0a0on
Revenue growth
Opera0onal efficiency Regulatory compliance
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“We see that companies in order to grow must flip the pyramid. Are you in the process of doing this to jumpstart growth?”
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Understand your digital DNA
© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved.
Cau2ous Adopters (50%) Market Leaders (5%)
Fast Followers (15%) Laggards (30%)
Increm
ental
Proac0ve
Reac0ve
• Can we transform our business models?
• What outcomes can we transform?
• How do we go to market first with this?
• How do we make this easy to consume?
• Will this truly differen0ate our offerings?
• What happens if our compe00on goes first?
• How long can we wait to adopt?
• Can we learn from first mover mistakes?
• How do we scale this faster and cheaper?
• Do we really need to do this?
• Can we quan0fy the market demand?
• Can we wait for this to commodi0ze?
• Is this more than a trend?
• What type of integra0on is required?
• Are there security and safety risks?
• Do we really need to disrupt our business?
• Will customers really want this?
• How long can we wait for commodi0za0on?
• How much longer can we put this off?
• Has the trend moved beyond mainstream?
Transforma0
onal
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“Where are you on this journey? How do you sell it in your company and how did you fund it”
© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
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“If you could change your career and go a]er the next big thing, what would it be?”
© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
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“What are lessons learned that everyone in the audience should know about?”
© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
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“Leave us with a nugget of wisdom to take back to the office.”
© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15 @rwang0 © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. 22 #Connect15 @rwang0
“Digital Darwinism is unkind to those who wait” -‐ (@rwang0)
© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15 @rwang0 © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. 23 #Connect15 @rwang0
Thank you
R “Ray” Wang
[email protected] Twitter: @rwang0 Blog: www.raywang.org