InsightsSuccess
Subscribe Now!
Get A Chance To Feature In Magazine By Submitting Your Interview Today!
No Result
View All Result
InsightsSuccess
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Blog
  • Conferences
No Result
View All Result
InsightsSuccess
No Result
View All Result

From Digital Disruption to Digital Transformation and Beyond

Benjamin Low | MD | D3SIGNS - Insights Success

Unicorns have been created through business model innovation. The key success was being able to disrupt the existing market space, or by creating a new niche market that is totally unconventional.
Digital disruption is not new, it dates back as early as 1994 when eCommerce was made popular by Amazon in 1994, eBay in 1995, and Alibaba in 1999.
In just a span of a few years, with increasing internet speeds globally, more disruptive platforms were made possible. Friendster was the first founded in 2002 and was the most popular social media platform, followed by the birth of Skype in 2003, Facebook in 2004, YouTube in 2005, Airbnb in 2008, Uber and Whatsapp in 2009 and finally, Instagram in 2010.
Of course, there are many more companies that followed and caught up the disruption trend in the recent years like Foodpanda, and snapchat.
Friendster however, did not last as they did not have a sustainable strategy and revenue model.
How vulnerable is your business?
Renovate before you innovate. – check your business model, get it fixed before jumping on the bandwagon. Being a copycat doesn’t make you successful if you are not adding or creating value. One of the most tested strategic tool such as Porter’s Five Forces Model, remains relevant and practical even in current times.Keeping in mind that competitive dynamics have changed and will continue to evolve due to the transformative power of technology and the internet.
If you already have a competitive advantage and a sound business model, you are ready to innovate your business and disrupt.
Why you need to Transform…
A new McKinsey research published in February 2017 shows that although digital technology propels some companies to be market winners, its impact may deplete corporate earnings and the overall value of an industry. Take for example Uber.
Digital transformation is all about defining value, embracing and exploiting technology and scaling up. Digital disruption alone is not sustainable, whereas digital transformation is. Take for example in Industry 4.0, automation that is reliant on data exchange, lean and on-demand becomes a defacto standard.
The near Future
With IoT, Robotics, AI, Big Data, and VR, digital convergence is taking it to an entirely new level. It will be a lot more obvious when we have a network of driver-less vehicles, robot tutors, robot chefs and your when your smart phone gets even smarter. Digital spaces and platforms will be inter-connected, but many jobs will be cut.
The brutal fact is innovation and digitization will improve productivity and quality, but reduces employment. Machines and AIs will out-perform humans without a doubt, and companies need to re-think on how to manage their liability and legal issues with human resources.
Developing countries with huge population will suffer the most when technology takes over their jobs. Off-shore outsourcing is going to be a sunset industry, as there would not be enough jobs to go around from developed countries.
About the Author
Founder of D3SIGNS PTE LTD, a digital agency.Benjamin Low has 18 years of experience implementing and advising solutions to Global MNCs. Benjamin is an entrepreneur and digital guru who has won several awards, such as the Gold Pencil at OneShow Interactive.He has judged creative competitions at Nanyang Technological University, a business mentor and speaker with Marketing Institute of Singapore, National University of Singapore, Singapore Management University and is also currently a mentor with the Chartered Institute of Marketing.Benjamin holds a Multimedia Arts Honors Degree from Birmingham Institute of Art and Design, an International Postgraduate Diploma in Business Administration, an MBA from University of St. Mark and St. John, and is also a Chartered Fellow with the Chartered Management Institute.

-By Benjamin LowCMgr FCMI MCIM, Managing Director, D3SIGNS PTE LTD

Previous Post

Alexander Vale: New Zealand Built Digital Marketing Platform Performs on Global Stage

Next Post

AIDEN Creative: Aspiring, Innovative, Dedicated, Effective & Notable

Next Post
Taufin Rusli | Creative Director & CEO | Aiden Creative - Insights Success

AIDEN Creative: Aspiring, Innovative, Dedicated, Effective & Notable

// < ?php // if ( post_password_required() ) // return; // $comment_load = get_theme_mod('jnews_comment_load', 'normal'); // $comment_type = apply_filters('jeg_comment_type', get_theme_mod('jnews_comment_type', 'wordpress')); // $is_normal_load = true; // if($comment_type === 'wordpress') // { // $is_normal_load = true; // } else { // $is_normal_load = ( $comment_load === 'normal' ); // } // if($is_normal_load) // { // get_template_part('fragment/comments'); // } else { // get_template_part('fragment/comments', 'button'); // }

Recent News

After Indian Ministers Fail to Persuade Musk to Incorporate His Tesla Business in India, Musk Has Shifted His Focus to Indonesia
Recent News

After Indian Ministers Fail to Persuade Musk to Incorporate His Tesla Business in India, Musk Has Shifted His Focus to Indonesia

Elon Musk, the CEO of Tesla and SpaceX, is slated to visit Indonesia in November as he wraps up operations...

Read more
Asian-Equities

Asian Equities Struggle Following Crippling China Statistics

Elon-Musk

Elon Musk’s Legal Issues Are Causing Tesla and Twitter Stock to Fall

Google-logo

300 European Publishers Sign Content Deals with Google

A-apple-smartphone

Under a New Digital Watchdog, the UK Is Pushing for Stricter Tech Regulations

Path Breakers

Hubstaff

Hubstaff: Time and Workforce Management at Your Fingertips Virtually

Evonence LLC – Expert Google Workspace Partner Across North America

Evonence LLC – Expert Google Workspace Partner Across North America

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Gary Olson | CEO | GHO Group LLC

GHO Group LLC: Bringing Vision to Reality

Josh Usheroff | Co-Founder | Black Box Productions

Black Box Productions: Crafting Visually Engaging Stories

Insights Success is an archway that caters to Entrepreneurs’ quench of technology and business updates which are currently ruling the business world.
We are ceaselessly proving the best platform for leading companies, which aids indefinite progress while creating meaningful learning experiences for the visitors and invaluable brand awareness for the clients.

  • About Us
  • Advertise With Us
  • General Disclaimer
  • Terms & Condition
  • Privacy Policy
  • Subscribe
  • Contact Us

© Copyright 2022, InsightsSuccess | All Rights Reserved.

No Result
View All Result
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Women In Business
  • Blog
  • Conferences
  • IT & Innovations
  • Leadership
  • Healthcare
  • Money
  • Startups

© Copyright 2022, InsightsSuccess | All Rights Reserved.