We are in the midst of a major confrontation between an IRRESISTIBLE FORCE & an IMMOVABLE OBJECT
It’s going to have a life & death impact on the world’s largest & the best companies.
The companies that drive our economy.
The IRRESISTIBLE FORCE is the Technology Disruption & The IMMOVABLE OBJECT is the Change Monster
The inability of large companies to change quickly.
Our love of technology is perhaps rivaled only by our fear of change. Every time technology advances, the ripple effect of change can cripple even the strongest companies. We believe that 75% of the Fortune 500 in 2020 will be names we’ve never heard of. Given this high rate of failure, how can large companies better channel change and continue to thrive?
Over the next 5 minutes read, we all will be riding the waves of how Technology disruption meets the change monster…
LET’S SEE WHO WINS?
Digital Disruption can now be considered as an opportunity of lifetime and it invites an ocean of innovative ideas. This is an era of constant suspension where digital disruption is hitting every industry exponentially.
But we are still at the very beginning of tech revolution. We’ve come quite far from the time when Internet was launched to the public in the 1990’s and look how drastically it has changes our lives.
Think how long it took to get to 100 million cars, TV’s or users on the internet. Now you can get 100 million people on an app in a month, when it used to take generation. These quick-paced technological gains will unleash a series of additional changes as we move into the Internet of Things & Big Data.
It is considered as an impact of SMACT i.e. Social, Mobile, Analytics, Cloud Internet of Things and technologies that have followed.
Digital is no more technology. Digital is a lifestyle
Customers are changing their behavior faster than firms can evolve. Dealing with a digitally empowered customer requires companies to reshape themselves AROUND THE CUSTOMER JOURNEY & FIGHT THE CHANGE MONSTER
Customers expect brands to support their digital life
They live a digital life measured by new benchmarks
The Simplicity of Apple
The Omnipresence of Google
The Content of YouTube
The Intelligence of Amazon
The Immediacy of Twitter
The Experience of Uber
& The Relevance of Facebook
Firms are re-imagining how they adapt to the customer’s digital lifestyle
But it is a hard place to get and many have failed to embrace digital
“Since 1959, 88% of the fortune 500 has turned over and been replaced.” Longevity is about staying consistently relevant to the customer – which means embracing change. “you can’t diversify revenue in the 21st century without digital transformation.”
SO, Are you ready to reinvent your business as 21st century enterprise?
Is your organization agile to nurture a culture of speed and new thinking?
It is time to Forecast future trends today to make your business tomorrow-proof with ShaanStack