![Page 1: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/1.jpg)
Harnessing the 'Bang': from Digital
Disruption to Digital Transformation
Stephen Huppert
© Deloitte Touche Tohmatsu
This presentation has been prepared for the Actuaries Institute 2015
Actuaries Summit.
The Institute Council wishes it to be understood that opinions put forward
herein are not necessarily those of the Institute and the Council is not
responsible for those opinions.
![Page 2: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/2.jpg)
"Computers in the future may weigh no
more than 1.5 tons.“
Popular Mechanics (1949)
![Page 3: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/3.jpg)
Everything in this 1991
RadioShack ad exists in a
single smartphone.
![Page 4: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/4.jpg)
“I used to say that this is the most important graph in all the
technology business. I’m now of the opinion that this is the most important graph ever graphed.” Steve Jurvetson
![Page 5: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/5.jpg)
Artificial Intelligence Genomics
Connected Home Sensing – Internet of Things
Crypto-Currencies
Robotics 3D Printing
Drones
Mobile Payments
Oculus Rift Wearables
Electric and Connected Cars
E X P O N E N T I A L T E C H N O L O G I E S
![Page 6: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/6.jpg)
A M YR I A D O F D I SR U PT I V E I D EAS AR E N O W BEC O M I N G A R EAL I T Y
![Page 7: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/7.jpg)
Artificial Intelligence
![Page 8: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/8.jpg)
![Page 9: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/9.jpg)
![Page 10: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/10.jpg)
Meet NAO
A humanoid robot
offers basic service
information at the
Bank of Tokyo-
Mitsubishi UFJ's
![Page 11: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/11.jpg)
![Page 12: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/12.jpg)
a c t u a r y
![Page 13: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/13.jpg)
The Internet of Things
![Page 14: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/14.jpg)
Wearables and
insurance
![Page 15: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/15.jpg)
Telematics
![Page 16: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/16.jpg)
Connected
Home
![Page 17: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/17.jpg)
The Sharing Economy
![Page 18: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/18.jpg)
Peer to Peer Insurance
![Page 19: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/19.jpg)
Big Data and Analytics
![Page 20: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/20.jpg)
Applying big
data in
insurance
![Page 21: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/21.jpg)
![Page 22: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/22.jpg)
Social Media
![Page 23: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/23.jpg)
![Page 24: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/24.jpg)
What are actuaries saying on twitter?
https://twitter.com/stephenhuppert/lists/actuaries
https://twitter.com/stephenhuppert/lists/actuariesdownunder
![Page 25: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/25.jpg)
![Page 26: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/26.jpg)
![Page 27: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/27.jpg)
"Investor concern over the threat of new technologies is overstated." Blockbuster analyst report, 1999
![Page 28: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/28.jpg)
Disruptors tend to show these three essential characteristics that enable
them to scale quickly and grow at sometimes unbelievable speed
They have a digital platform to connect supply and demand
They leverage resources outside their organisation
They focus on quick learning by daily experimenting with new ideas
![Page 29: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/29.jpg)
Disruptors being
disrupted
![Page 30: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/30.jpg)
Uber, the world’s largest taxi
company, owns no vehicles
Facebook, the world’s most
popular media owner, creates
no content
Alibaba, the most valuable
retailer, has no inventory
Airbnb, the world’s largest
accommodation provider, owns
no real estate
The Battle Is For The Customer Interface
Tom Goodwin Senior Vice President of Strategy and Innovation at Havas Media.
![Page 32: Harnessing the 'Bang': from Digital Disruption to Digital ...€¦ · Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning](https://reader035.vdocuments.site/reader035/viewer/2022080718/5f788168f2ba6d043c06e906/html5/thumbnails/32.jpg)
About Deloitte
Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients
spanning multiple industries. With a globally connected network of member firms in 140 countries,
Deloitte brings world class capabilities and deep local expertise to help clients succeed wherever they
operate. Deloitte's 150,000 professionals are committed to becoming the standard of excellence.
Deloitte's professionals are unified by a collaborative culture that fosters integrity, outstanding value
to markets and clients, commitment to each other, and strength from diversity. They enjoy an
environment of continuous learning, challenging experiences, and enriching career opportunities.
Deloitte's professionals are dedicated to strengthening corporate responsibility, building public trust,
and making a positive impact in their communities.
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of
member firms, each of which is a legally separate and independent entity. Please see
www.deloitte.com/au/about for a detailed description of the legal structure of Deloitte Touche
Tohmatsu and its member firms.
About Deloitte Australia
In Australia, Deloitte has 12 offices and over 4,500 people and provides audit, tax, consulting, and
financial advisory services to public and private clients across the country. Known as an employer
of choice for innovative human resources programs, we are committed to helping our clients and
our people excel. Deloitte's professionals are dedicated to strengthening corporate responsibility,
building public trust, and making a positive impact in their communities. For more information,
please visit Deloitte’s web site at www.deloitte.com.au.
Confidential This document and the information contained in it is confidential and should not be
used or disclosed in any way without our prior consent.
Liability limited by a scheme approved under Professional Standards Legislation.
General information only
This presentation is provided as general information only and does not consider your specific objectives, situation or needs. You should not rely on the information in this presentation or disclose it or refer to it in
any document. We accept no duty of care or liability to you or anyone else regarding this presentation and we are not responsible to you or anyone else for any loss suffered in connection with the use of this
presentation or any of its content.
© Deloitte Touche Tohmatsu, 2015. All rights reserved.