Disrupting existing industries through digital transformation

Disrupting existing industries through digital transformation

Digital transformation has no end. It is ongoing. The new mantra is continuous innovation and reinvention! We must always evolve our operating and business models, and continue to create, roll-out and operate automated, secure, self-learning networks that create the underpinnings of digital business agility required to thrive in the digital world. Further, our own innovation must push the envelope, yet have daily applicability for others to evolve.
Digital transformation is a major disruption force:

Digital Transformation & Retail Industry Disruption

What happens when the local supermarket you’ve been shopping at for years (maybe decades) goes out of business and is replaced by a regional Amazon distribution center that stocks goods based only on analysis of the surrounding areas buying and consumption patterns?

Automobile Industry Disruption

How do we prepare for the reality of autonomous vehicles disrupting not only the automobile industry and adjacent areas such as insurance, parts, parking, and repair, but also real estate, law enforcement, hospitality, and the legal profession?

Which industries will autonomous cars disrupt? All of them.

Source: Global Center for Digital Business Transformation (DBT Center), a Cisco and IMD initiative, 2017

Audi’s vice president of brand strategy and digital business, Sven Schuwirth, recently predicted that car interiors will eventually morph between driving and sleeping modes. This will dramatically reduce the need for roadside hotel rooms and domestic flights. And, what happens to corner gas stations when the majority of electric vehicles “themselves” determine the most convenient places to recharge. I guarantee it won’t be at corner gas stations, which were designed for driver convenience.

Additionally, about 90 percent of car accidents are caused by human error. In a world of fewer accidents, what will hospital emergency rooms look like? How will the insurance industry adapt? How will personal injury lawyers make up the 35 percent of revenue that currently comes from civil trials?

Used with the permission of http://thenetwork.cisco.com/

2017-05-05T12:34:43+00:00 Apr 23rd, 2017|Categories: Breaking News, Feature Stories|Tags: , |0 Comments

About the Author:

Christos Rizos is a Network, Systems and Applications Management expert with 20+ years experience in the technology domain, providing consulting services to Vendors and Operators around the world.

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