Digital Disruption—Is Your Industry Next? by Vincent Chhabra
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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
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