Digital Disruption—Is Your Industry Next? by Vincent Chhabra

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Vincent Chhabra VINCENTCHHABRAVENTURES.COM DIGITAL DISRUPTION by Vincent Chhabra IS YOUR INDUSTRY NEXT? A LOOK AT THE INDUSTRIES EXPECTING THE MOST DIGITAL DISRUPTION IN THE NEXT 12 MONTHS

Transcript of Digital Disruption—Is Your Industry Next? by Vincent Chhabra

Vincent ChhabraV I N C E N T C H H A B R A V E N T U R E S . C O M

D I G I T A L D I S R U P T I O N

by Vincent Chhabra

I S Y O U R I N D U S T R Y N E X T ?

A L O O K A T T H E I N D U S T R I E S E X P E C T I N G T H E M O S T

D I G I T A L D I S R U P T I O N I N T H E N E X T 1 2 M O N T H S

Vincent ChhabraV I N C E N T C H H A B R A V E N T U R E S . C O M

S U R V E Y

Every year, Russell Reynolds Associates surveys more

than 2,000 C-level executives across 15 industries

about their thoughts on how digital technology is

going to effect their business.

Vincent ChhabraV I N C E N T C H H A B R A V E N T U R E S . C O M

F I N D I N G S

When asked if their business expected to be

moderately or massively disrupted by digital in the

next 12 months, here's what they said:

Vincent ChhabraV I N C E N T C H H A B R A V E N T U R E S . C O M

D A T A

Vincent ChhabraV I N C E N T C H H A B R A V E N T U R E S . C O M

M O S T D I S R U P T E D

THE MOST DISRUPTED INDUSTRIES TYPICALLY HAVE:

low barriers of entry into their sector, leading to

more agile competition

large legacy business models that often generate

the majority of their revenue

deep rooted cultural and organizational challenges

that prevent changing pace expediently

Vincent ChhabraV I N C E N T C H H A B R A V E N T U R E S . C O M

L E A S T D I S R U P T E D

THE LEAST DISRUPTED INDUSTRIES TYPICALLY HAVE:

perceived higher barriers to entry into their sector

high-revenue areas of their business model that are

not easily digitized

insiders leading the disruption

Vincent ChhabraV I N C E N T C H H A B R A V E N T U R E S . C O M

H O W T O P R E P A R E

1. Catalytic roles. New employees can bring new insights and

perspective and act as catalysts for transformation.

2. Culture. Organizations that foster a culture of data-based

decision making will be able to recognize and adjust to

changes more quickly.

3. Commitment. Digital strategy should be integrated into

the core processes of the organization.

Vincent ChhabraV I N C E N T C H H A B R A V E N T U R E S . C O M

V I N C E N T C H H A B R AI S A B U S I N E S S D I S R U P T O R I N T H E

M E D I C A L I N D U S T R Y

T O L E A R N M O R E A B O U T H I S L I F E A N D C A R E E R ,

V I S I T V I N C E N T C H H A B R A V E N T U R E S . C O M