It's 2018 and your industry competitors are digital transforming their businesses. What changes do you have planned for this year?
Are you thinking "outside the box" in 2018?
A Digital Transformation process includes reviews and updates to Goals, Objectives, Strategy, Process, Metrics and Technology. The basis for all this change is the latest technology that is now affordable and available like never before. The following list of top technologies are being implemented today in other companies to digitally transform the way their employees work and dramatically improve their customer experiences. We included a few comments next to each.
How many of these leading technologies are in your plans for this year? Use the list to stimulate ideas during your reviews and discussions. Read more
The next 10 years of change is going to happen so fast and we will see amazing advancements in every part of our personal and business world.
Vivek Wadhwa, one of my favorite futurists, talks about what life will be like in 2027 - and all the wonderful changes that will take place by 2027. Watch the video below and see what Vivek has to say about the future. We hope you'll get one or two really good ideas for planning your business digital transformation, your career and your personal life. Read more
The Digital Transformation megatrend is dramatically changing the way executives, management and employees collaborate and communicate in the workplace. With technology evolving at such a rapid pace, it's more important now than ever before to keep up your skill sets and adapt to new ways of doing business. More than 50-percent of the jobs of tomorrow aren't even in existence at this time - infact no one has even thought of them yet! Continuous learning, personal development and coaching are a necessity in all aspects of life to survive and thrive the Digital Transformation megatrend that is just beginning. Read more
The Auto Industry has become one of the poster childs for an old stodgy industry that has existed for over 100 years that will completely digitally transform itself in the next five years. The 2016 CES Show (in Las Vegas) and the 2016 Detroit Auto Show were dominated by the announcements of new automobile technology. Self-driving cars are no longer science fiction. Complete self-driving cars for consumers will be available for purchase within two years, according to Elon Musk, CEO of Tesla and within four years according Mark Fields, the CEO of Ford. Read more
During his interview with Box CEO Aaron Levie, John Chambers, Executive Chairman of Cisco Systems, got the Keynote audience's attention at the BoxWorks 2015 conference (box.com) when he said that 40% of all Fortune 500 businesses today will die in 10 years. We see this potential risk increasing in every company from startups, small businesses, midsize companies... to Fortune 1000 international enterprises.
Is your company going to be one of the "survive and thrive" companies by 2025? Read more
The next few years are going to be a lot harder than the last 50 years in business. The good news is that you're going to have higher profits, happier customers and more productive employees as you go forward with these fast-changing technologies.
Over the last five years, Venture Capital has shifted its investment focus from the consumer market to solving enterprise problems and improving the business world. New companies and technology have been quickly rolling out and changing every industry. If you're an industry leader and have been in business for the last five to 25 years, you should be very scared. Read more
Earlier this month, I spoke at an annual conference of 100 CEOs and shared some of the following top technology trends that can help increase revenue or reduce expenses over the next five years.
Why Read this Article if You're a Business Executive?
Over the last 50 years, major technology change lasted about 10 years. Most companies took their time to adopt a new technology and continued to be successful. Technology was like accounting. You needed to have it work well, but you didn't typically base your business plans or strategy on new accounting rules.
It is now a very different world. The number of new technologies and the time to implementation has significantly sped up. Now you may have only a few years before your major competitors are offering more and better services at a lower cost than you. Start-up companies that are well funded by venture capital are moving quickly to disrupt older established industry businesses. Company leaders that dominated an industry for 20+ years can be replaced in only a few years.
New Technology is being used to change established business models every day around the world. Senior executives need to pay attention and educate themselves on the new technology trends and NOT delegate this to other managers in the company. Read more