Disrupt or be Disrupted:

Transcription

1 Disrupt or be Disrupted: Embracing the Decision Economy Joseph Bradley, Global Vice President, IoT & Digital Services, Cisco ITM-1088

2 What Does Digital Disruption Mean to You?

3 4/10 3 yrs. 41% Market incumbents will be displaced Time to significant disruption View disruption as existential threat 25% Companies actively responding

4 Which industries will self-driving cars disrupt? Transportation Logistics Hotels Airlines Parking garages Automotive Automotive manufacturing Auto repair / Parts Public transportation Taxis Adjacent Industries Insurance and Financing Retail Energy Media and Entertainment Public Sector Real estate Healthcare Law enforcement Education

5 Machine Learning Blockchain IoT Virtual Reality

6 DIGITAL DISRUPTION Changing the rules of value creation driven by the intersection of people, data, and technology.

7 It s the Value, Not the Value Chain Source: CB Insights, 2015

8 What s at Stake?

9 Companies Pay a Heavy Price for Stalls More than 90% of firms lose more than half their market value post-stall Average drop = 74% Stall Impact on Market Capitalization 8% 1% Average 50%+ exec turnover 40% 51% > 75% market cap lost 50-75% market cap lost 25-50% market cap lost < 25% market cap lost Source: Olson and Van Bever, Stall Points, 2008

10 Only 1 Out of 10 Companies Recover from the Stall Stall Repercussions N = 500 Why do the majority fail to recover? Why do a minority succeed? 11% 13% 76% Stall and never recover Stall and recover Don't experience a stall Source: Olson and Van Bever, Stall Points, 2008

11 Are You Ready for the Challenge Ahead?

12 Is this the secret to disruptor success? 12

13 The Key Is to Improve Your Decision Making to Drive Breakthrough Performance Decision Making Drives 95% of Business Performance* Top 10 Insights to Drive Breakthrough Performance Source:

14 1 Not About Failing Fast, but Accelerating the Rate of Learning Supportive Learning Environment Concrete Learning Process Leadership That Reinforces Learning

15 2 Go Beyond Security and Embrace Data Integrity 1,901,866,611 data records compromised in first half of ,507,550 records lost or stolen every day 437,815 records every hour 7,297 records every minute 122 records every second If you re making decisions with connected devices, you need to make sure the data is not only secure, but correct Source:

16 3 Inclusion Is Not Just the Right Thing to Do, It s the Profitable Thing to Do $ 2.3x generating higher cash flow per employee 1.8x more likely to adapt to change 1.7x more likely to be innovation leaders in their markets 3.8x more likely to coach and improve performance of their people 3.6x more likely to be able to deal with performance problems 2.9x more likely to identify and build leaders Diverse teams make better decision than individuals 87% of the time* Source: The High-Impact Talent Management Research (2015)

17 4 Understand Data Has Gravity the Edge May Dominate Connected Car 2Gb per lap Data Ingestion Order Management Warehouse & Inventory Long-Range Communications Integration Asset Management Finance & Accounting Manufacturing Operations 243Tb Device Control IoT Cloud Platform Field Service ERP CRM Enterprise Applications Distributed IoT Platform Suite* *Not all architectural elements e.g., IoT Edge Platform, Digital Twin, Visualization are offered by all vendors, nor always required for a particular IoT project Note: For details, see "Use the IoT Platform Reference Model to Plan Your IoT Business Solutions" (G ) Source: Gartner, Inc. 2016

18 5 Knowledge Transfer Should Be Your Weapon of Choice Against Commoditization 66% true knowledge is lost to the organization when a specific employee departs 73% of managers said they had identified employees whose departure would present major threats to the organization s short-tointermediate term future Source: Journal of Competitiveness Issue 3/2011 Staff Turnover as Possible Threat to Knowledge Loss

19 6 Shift Your Focus: Don t Just Fix Problems, Scale Success

20 7 Culture Eats Strategy for Lunch Every Day "openness and diversity - culture, perks and employee lifestyle" Best Places to Work in 2016, According to Employees "open culture, encouraging collaboration and personal innovation" Source: Business Insider 2016

21 8 Build Your Listening Structure?? HUMAN INTUITION ERP SYSTEM ECONOMIC INDICATORS SOCIAL MEDIA DETRACTORS OF ORGANIZATION?? CONTEXTUAL DATA POINTS WEATHER MACRO-ECONOMIC SATELLITE COMPETITORS

22 9 Innovate Outside the Four Walls of Your Organization Maps talent to actual needs (projects/code) Analytics platform for Talent Search Acquired by Google in 2017 Raised $16M since 2011 Global Freelancing platform offering remote collaboration Utilizes data science based analytics to map talent Applies rating framework for registered freelancers Raised $168M since 2000 Digital platform for talent search through performance filters tests/blind auditions Utilizes analytics to find best-fit as per talent mapping framework Founded in 2011

23 10 Take Action Against Your Blind Spots

24 Ten Actions to Improve Take Action Against Your Blind Spots Innovate Outside Your Organization Accelerate the Rate of Learning 2 Go Beyond Security and Embrace Data Integrity Build Your Listening Infrastructure 8 3 Inclusion Is the Right and Profitable Thing to Do Culture Eats Strategy for Lunch 7 4 Understand Data Has Gravity Shift Your Focus/ Scale Success 6 5 Knowledge Transfer Combats Commoditization

25 In a world where all the answers are known, value is in knowing what question to ask.

26 Follow me on LinkedIn JosephMBradley Medium JosephMBradley Thank you

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