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433 E Las Colinas Blvd #850, Irving, TX, 75039
+1(214) 717-5900
[email protected] www.appterra.com
Appterra is the only Collaborative Commerce Platform designed for the cloud.
Digital Disruption: A Business
Challenge or an Opportunity?
Digital disruption has changed the game in the business
industry. It has existed for years already, but do you really
know what it means? Digital alone is a word you understand.
It is an electronic technology that generates and stores data.
Disruption, by itself, is also a familiar term. It is a problem
that interrupts an activity or event. But when you put them
together, you get an entirely different sense. Digital
Disruption refers to a change that occurs when a new
business model or technology affects the value proposition
of products and services. So, is it a challenge or an
opportunity?
Digital Disruption is both a challenge and an opportunity. It is
a challenge because digital disruptors are now entering your
market. Your partners, your competitors, and even your
customers are now digital. Armed with smartphones and
tablets, they are better informed and more empowered than
ever. Their expectations are higher. They can easily share
their experiences about your business with anyone. They
can become your strongest champions. But, they can also
expose your weakness to the whole digital world.
It is also an opportunity to transform your customer
experience and operations. It is a chance to make your
business fully digital. It accelerates competing ideas,
personalizes interactions and promotes integration. You will
keep your competitive edge if you know how to appeal to
individual customers by providing them with real-time
interaction. How is it different from the old disruption?
The old disruption allows access to very few people so
minimal capital and very few ideas were brought to the
market. But with Digital Disruption, many people have
access to digital tools that allow them to bring many ideas to
the market at a fraction of the cost. With the old disruption,
you ask what the customer wants and build a product with
that information – building a great wall in front of your
customers and increasing their chances of going to your
competitors. With the latter, you help them look for things
outside their current product experience and determine which
of these you have the skills and resources to act on. Then,
you create a product that is better, faster and cheaper.
Digital Disruption is faster and more powerful than traditional
disruption. It does not just come from the information
technology sector but across all business industries. If you
have the opportunity to practice it, do it! Get ahead of
businesses that failed to catch the first wave. Remake your
business for the digital world.