It could be argued that digital technologies present more profound and disruptive opportunities and threats to established business models than anything that’s come before. In Digital Disruption of Business Models: The Mass Mitec Story, David Wortley charts the digital transformation of Mass Mitec, a UK-based small-to-medium enterprise, via a disruptive digital technology in the 1990s and uses the story to illustrate the potential and dangers of digital disruption. Even though Mass Mitec had a very good understanding of the evolution of the technologies upon which its business models were based, and the organization had built a business development plan that reflected that evolution, it seriously failed to properly secure or exploit the business and contractual arrangements Read more
Posts Tagged 'business models'
2013 is the year when a major re-thinking of business technology strategy — organized around the power of emerging technology — will begin. The re-thinking will be driven by the rapid deployability of emerging technologies like cloud computing, social business intelligence, mobility, location-enabled services and big data analytics. The time-to-technology-deployment is shrinking — fast: companies will dramatically accelerate their adoption of emerging technologies — especially due to cloud delivery — and redefine their business models and processes around the capabilities of the new technologies. Examples include location-enabled services for cross-selling and up-selling, social business intelligence for corporate crisis warning and management, big data analytics for slicing customer profiling and performance — in real time — Read more