Winning the Digital Disruption Game by Biren Gandhi
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Digital Disruption is happening all around us. We can't escape from its effect - for better of worse. What can we do to prepare ourselves for success in a future that is chaotic, uncertain and full of surprises? Discover the 4-i formula as a potential solution to win the Digital Disruption Game.
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Winning the Digital Disruption Game by Biren Gandhi
- 1. Biren Gandhi Head of Drone Business & Distinguished Strategist,Cisco June 2017 Tech Trends: Winning the Digital Disruption Game @birengandhi http://lnkd.in/biren http://cs.co/biren
- 2. We are NOT talking about trends
- 3. We are NOT talking about trends
- 4. We are NOT talking about trends
- 5. We are NOT talking about trends
- 6. We are NOT talking about trends
- 7. We are NOT talking about trends Even my 8-yr old son has a viewpoint!
- 8. Journey from ‘Why’ ‘How’
- 9. The New Industrial Revolution 18th Century Steam 20th Century Mass Production 70’s Robots Today Digitization Technology Progress Smart Devices
- 10. How far have we come?
- 11. ENIAC – 1946 First general purpose computer. 1,800 square feet 30 Tons $5.5 Million USD 5,000 operations / second
- 13. 1.1 Million x less expensive 1.7 Million x smaller 800x faster A 1946 ENIAC with the computing power of today’s greeting card would have cost $4.4B
- 15. Cisco Confidential 15© 2013-2014 Cisco and/or its affiliates. All rights reserved. “In 10 years, it’s predicted that 40% of the Fortune 500 companies will no longer exist.”
- 16. The average lifespan of a company listed in the S&P 500 has decreased from 67 years in the 1920’s to 15 years today. By 2020, more than three quarters of the S&P 500 will be new companies that we have not heard of yet. Richard Foster, Yale University
- 17. Retail store Finance Asset sharing Hotel Digital Geos Taxi Everything aaS Pace of change… New business models India | Israel Europe | China Manufacturing Service | Sales Engineering | Finance
- 18. Cisco Confidential 18© 2013-2014 Cisco and/or its affiliates. All rights reserved. CHANGE Is the New Status Quo INNOVATION GROWTH
- 19. DISRUPT OR BE DISRUPTED Speed of innovation is accelerating Ideas can come from anywhere Competitive landscape shifts constantly Leaders are confused Future is unclear
- 21. • AI & Advanced Machine Learning • Virtual Assistants • Intelligent Things • Virtual and Augmented Reality • Digital Twins • Blockchain and Distributed Ledgers • Conversational Systems • Mesh App & Service Architecture • Adaptive Security • Autonomous Robotic Systems It’s complicated
- 22. Internet of Things Growing Faster than Smartphones! Wagering Billions on the Internet of Things! IoT is Driving the Nest Economic Revolution! The Internet of Things Will Make Us Super Human 2020 50BCONNECTED DEVICES 2 0 2 0 $60B SMART HOME MARKET 2 0 1 9 $53BWEARABLE MARKET 2 0 1 6 6.4BCONNECTED DEVICES
- 23. Transform Processes and Business Models Empower Workforce Efficiency and Innovation Digital business is the creation of new business designs by blurring the digital and physical worlds* -Gartner Personalize Citizen/Customer/ Employee Experience Digital is Transforming Business 1M per hour 87% 10% 50% 2 of 3 89%
- 24. The Internet of Things (IoT) is the network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment. -Gartner Create New Business Models and Services Innovate Easily and Get More Things Done Deliver Insight for Better Engagement Monetization Productivity Experience IoT Accelerates Digital Transformation
- 25. So What?
- 26. When Bill Gates and Mark Zuckerberg sound the same dire warning about jobs, it’s time to listen!
- 27. Creating 15 million jobs in the US over next 10 years, 10% of workforce Killing 25 million jobs over the same period
- 28. Seismic Shifts in Technology 1950s 1980s 2006+ Next Plastics Computers Mobile Social IoT AI Robots Automation
- 30. Hand Head Heart
- 31. The Game is ON Someone is going to lose
- 32. Credit: dilbert.com February 16, 2004 Walk the Talk
- 33. But How?
- 35. Innovation The act of solving relevant problems in contextually novel ways. - Matt Cutler, Cisco
- 36. Innovation The act of solving relevant problems in contextually novel ways. - Matt Cutler, Cisco
- 37. Investment Time is more than money.
- 38. Internalization IaaD: Innovation as a Discipline
- 39. Anyone can win the Digital Disruption Game, if played with the right attitude.
- 40. Innovation 3 Secret Keys Investment InternalizationThe 4th Key Introspection “If you keep doing what you have been doing, you will keep getting what you have been getting.”
- 41. Don't judge each day by the harvest you reap but by the seeds that you plant. -Robert Louis Stevenson
- 42. Don't judge each day by the harvest you reap but by the seeds that you plant. -Robert Louis Stevenson
- 43. ThankYou http://cs.co/biren http://lnkd.in/biren @birengandhi How many seeds are you plantingTODAY to Win the Digital Disruption Game?
Editor's Notes
- We’ve had 3 industrial revolutions so far. Well right now, we’re in the midst of a new industrial revolution. [CLICK] Steam Mass Production: Assembly line Robots Digitization: Connect the robots, inventory, controls to the internet Capture the data and make better decisions Keep it all secure
- What % of Fortune 500 companies were around in both 1995 and 2014 (20 years) – ONLY 12%
- When I look at the last 25 years of the tech industry, I see that change has been constant. Every 3-7 years we had to reinvent ourselves as an industry, people, teams, companies. Those who missed one transition, perished. Interestingly when you look at roster of S&P500 companies fifty years ago, ony 19% of these companies are still in existence. The rest perished.
- Especially in the age of Digital Business
- We all know the IoT hype IoT. It’s in our faces a lot these days. It looks like this. And this. We can expect this. And this. But that’s not what it’s about.
- Lets begin with the million-dollar question – What is Digital Business Transformation? Gartner defines this as “Digital business is the creation of new business designs by blurring the digital and physical worlds” To transform into a successful digital business you will need 3 critical capabilities Transform Processes and Business Models which leads to faster time to market and leaner operations Explosion of connected devices disrupts value chains paving the way for Business Model disruption. By 2020, one million new devices will go online every hour which enabling quicker automated decisions driving efficiencies to a new level Empower their workforce for efficiency and innovation which leads to increased productivity and better employee retention Again, why does this matter? Gallup surveyed over 1000 employees each in about 142 countries representative of 98% of the world population and found that about 87% of employees are disengaged and when companies address this dissatisfaction and bring it town to 10%, their earnings per share jumps by a whopping 50% Personalize Customer/Citizen experience which leads to increased customer loyalty and greater insight to predict future purchases Why so? Accenture surveyed ~13,000 consumers in 33 different countries and found that 66% i.e 2 out of every 3 consumers switched providers due to poor customer experience and by 2016 Gartner predicts that “89%i.e 9 out of every 10 companies will compete primarily on the basis of the customer experience These changes are forcing companies to become more digital when people and things interact to conduct business Source: Digital Business Definition Gartner IT Glossart - http://www.gartner.com/it-glossary/digital-business/
- Now. Digital Business Transformation is important to achieving current company objectives and maintaining or gaining a competitive edge. Today, we are going to talk about IoT as a key enabler of Digital Transformation. Through IoT products, technologies and solutions, businesses can: Monetize New Processes and Business Models Move value creation to revenue models that are service based. In other words, create and MONETIZE new business models and services that generate new revenue streams. Create better quality products and services Optimize efficiency and better utilize resources Create agile supply chains and manufacturing processes (etc) and reduced operating costs including logistics costs to improve efficiency and sustainability at every stage of a product lifecycle (production->operation-> recycling) Improve productivity Make it easier to innovate and get things done to boost productivity Speed Time to Market Improve supply chain efficiency, uptime, availability, and reliability Increase organizational flexibility Better utilize new and even existing assets (integrate new and old systems with intelligent things to become interactive, reactive and adaptive. Smart, predictive maintenance.) Improve product and manufacturing design (product design, manufacturing, processing), replacing outdated equipment, integrating controls, regulating elements. And also boost productivity: shared resources, knowledge and infrastructure Create deliver custom insight and experiences to shareholders, customers, partners, employees... That boost satisfaction and engagement Enable dynamic or customer-led designs/services (personalization) Quickly personalize or adapt products and processes for individual or regional preferences And offer new, engaging experiences increasing (customer, partner, staff) engagement with solutions/company According to Forbes, the top drivers for creating an IoT strategy: Increased productivity (14.2%) Speeding time to market (11.8%) Process automation (10.1%). (Source: Forbes. http://www.forbes.com/sites/gilpress/2015/09/22/internet-of-things-iot-news-roundup-onwards-and-upwards-to-30-billion-connected-things/#6092a0151ba7) Source: Digital Business Definition Gartner IT Glossart - http://www.gartner.com/it-glossary/digital-business/ Accenture: https://www.accenture.com/us-en/insight-growing-digital-business-spotlight-internet-things.aspx
- Act – Action is key Solving – Not creating mode problems Relevant Problems – Something that people will pay for Contexual – One size does NOT fit all Novel – What’s new? Why you? Why now? Ways – More than one possible approaches.
- Act – Action is key Solving – Not creating mode problems Relevant Problems – Something that people will pay for Contexual – One size does NOT fit all Novel – What’s new? Why you? Why now? Ways – More than one possible approaches.
- Money – flows in 2 directions, time only in one! “It’s just a matter of practice” 10,000 hours of practice to master anything!
- More like Sun, not a light bulb that you can switch ON and OFF!