CIO Panel: Digital Transformation to Achieve Speed and Control

2

CIO Panel: Digital Transformation to Achieve Speed and Control

Will you disrupt or be disrupted?

3

Disrupting Digital BusinessR “Ray” Wang

Principal Analyst, Founder, Chairman

Constellation Research

© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15, @rwang0

4

The Digital Disruptors

R “Ray” Wang

CEO Constella2on Research

Tom Quinn

CIO

NewsCorp Australia

Mar2n Stansbury

Principal

DeloiEe Consul2ng

Ronald Blitstein

EVP & Group CIO

Sagicor Financial Corpora2on


5

52% of the Fortune 500 firms since 2000 are gone

6

Digital creates winner takes all markets

Overall Market Share Percentage of Profits


7

Don’t be caught in the disruption!


8

“A digital divide exists between the organiza0ons who have built digital business models and everyone else.” (2013)


9

“52% of the F500 have been merged, acquired, gone bankrupt, and fallen off the list since 2000. Are you a disrupter? or is your industry being disrupted?”


10

“What are the drivers of digital transforma0on in your industry? ”


11

“How is your disrup0ve business model delivered? What are your ini0a0ves?”


12

“What has rapid adop0on of SaaS applica0ons meant? Do the new silos of informa0on get in the way of cross func0onal visibility?”


13

“What are your IT Innova0ons to adjust to or make the shi]?”


14

The reality of how we allocateBrand

Strategic differen0a0on

Revenue growth

Opera0onal efficiency

Regulatory compliance


15

What we really need to do is flip the pyramid!

Brand

Strategic differen0a0on

Revenue growth

Opera0onal efficiency Regulatory compliance


16

“We see that companies in order to grow must flip the pyramid. Are you in the process of doing this to jumpstart growth?”


17

Understand your digital DNA

© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved.

Cau2ous Adopters (50%) Market Leaders (5%)

Fast Followers (15%) Laggards (30%)

Increm

ental

Proac0ve

Reac0ve

•  Can we transform our business models?

•  What outcomes can we transform?

•  How do we go to market first with this?

•  How do we make this easy to consume?

•  Will this truly differen0ate our offerings?

•  What happens if our compe00on goes first?

•  How long can we wait to adopt?

•  Can we learn from first mover mistakes?

•  How do we scale this faster and cheaper?

•  Do we really need to do this?

•  Can we quan0fy the market demand?

•  Can we wait for this to commodi0ze?

•  Is this more than a trend?

•  What type of integra0on is required?

•  Are there security and safety risks?

•  Do we really need to disrupt our business?

•  Will customers really want this?

•  How long can we wait for commodi0za0on?

•  How much longer can we put this off?

•  Has the trend moved beyond mainstream?

Transforma0

onal

18

“Where are you on this journey? How do you sell it in your company and how did you fund it”


19

“If you could change your career and go a]er the next big thing, what would it be?”


20

“What are lessons learned that everyone in the audience should know about?”


21

“Leave us with a nugget of wisdom to take back to the office.”


© 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. #Connect15 @rwang0 © 2010 -‐ 2015 Constella0on Research, Inc. All rights reserved. 22 #Connect15 @rwang0

“Digital Darwinism is unkind to those who wait” -‐ (@rwang0)



Thank you

R “Ray” Wang

[email protected] Twitter: @rwang0 Blog: www.raywang.org


Questions And Answers

Technology

CIO Panel: Digital Transformation to Achieve Speed and Control