Digital disruption is the change that occurs when new digital technologies and business models affect the value proposition of existing goods and services.
The rapid increase in the use of of mobile devices for personal use and work has increased the potential for digital disruption across many industries. A powerful example is the way Amazon, Netflix, HBO, Spotify and Tidal have disrupted the media and entertainment industries by changing how content is accessed by customers.
Don’t underestimate the potential of digital disruption
In the strange new world of better and cheaper innovation, every industry could experience similar transformations. Yet many companies, underestimate the potential of digital disruption. In doing so, they systematically undervalue their own intangible assets.
Digital disruption can be seen as both a threat and an opportunity.
The business landscape today is changing constantly
Digital disruption requires rethinking the entire business – it requires first thinking and then behaving like a digital disruptor.
Challenge to keep companies competitive – Perhaps the greatest challenge business leaders face today is how to stay competitive amid constant turbulence and disruption Change affects every company, but disruptions...