CIO Panel: Digital Transformation to Achieve Speed and Control
2 likes952 views
The document discusses how digital transformation is disrupting businesses and industries. It notes that 52% of Fortune 500 companies since 2000 are gone or acquired, highlighting the disruptive impacts of digital. The presentation advocates that companies must shift their focus from operational efficiency to strategic differentiation and revenue growth through digital initiatives to avoid being disrupted themselves. It also examines where companies fall on spectrums from cautious to proactive adoption of digital DNA.
![13
“What
are
your
IT
Innova0ons
to
adjust
to
or
make
the
shi]?”
©
2010
-‐
2015
Constella0on
Research,
Inc.
All
rights
reserved.
#Connect15,
@rwang0](https://image.slidesharecdn.com/connect15raywang-150615191406-lva1-app6892/85/CIO-Panel-Digital-Transformation-to-Achieve-Speed-and-Control-12-320.jpg)
![19
“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](https://image.slidesharecdn.com/connect15raywang-150615191406-lva1-app6892/85/CIO-Panel-Digital-Transformation-to-Achieve-Speed-and-Control-18-320.jpg)
CIO Panel: Digital Transformation to Achieve Speed and Control
- 1. 2 CIO Panel: Digital Transformation to Achieve Speed and Control Will you disrupt or be disrupted?
- 2. 3 Disrupting Digital Business R “Ray” Wang Principal Analyst, Founder, Chairman Constellation Research © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
- 3. 4 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
- 4. 5 52% of the Fortune 500 firms since 2000 are gone
- 5. 6 Digital creates winner takes all markets Overall Market Share Percentage of Profits © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
- 6. 7 Don’t be caught in the disruption! © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
- 7. 8 “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
- 8. 9 “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?” © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
- 9. 10 “What are the drivers of digital transforma0on in your industry? ” © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
- 10. 11 “How is your disrup0ve business model delivered? What are your ini0a0ves?” © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
- 11. 12 “What has rapid adop0on of SaaS applica0ons meant? Do the new silos of informa0on get in the way of cross func0onal visibility?” © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
- 12. 13 “What are your IT Innova0ons to adjust to or make the shi]?” © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
- 13. 14 The reality of how we allocate Brand Strategic differen0a0on Revenue growth Opera0onal efficiency Regulatory compliance © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
- 14. 15 What we really need to do is flip the pyramid! Brand Strategic differen0a0on Revenue growth Opera0onal efficiency Regulatory compliance © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
- 15. 16 “We see that companies in order to grow must flip the pyramid. Are you in the process of doing this to jumpstart growth?” © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
- 16. 17 Understand your digital DNA © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. Cau2ous Adopters (50%) Market Leaders (5%) Fast Followers (15%) Laggards (30%) Incremental 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? Transforma0onal
- 17. 18 “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
- 18. 19 “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
- 19. 20 “What are lessons learned that everyone in the audience should know about?” © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
- 20. 21 “Leave us with a nugget of wisdom to take back to the office.” © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0
- 21. © 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
- 22. © 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
- 23. © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15 @rwang0 © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. 24 #Connect15 @rwang0 Questions And Answers