evolution of technology ima 20150224
TRANSCRIPT
![Page 1: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/1.jpg)
Evolution of TechnologyDemocratization, Disruption, Hope, Fear
Nashville IMAFebruary 25, 2015
Steve LittlePrincipal ConsultantStrategic Solutions Group
![Page 2: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/2.jpg)
30+ Years Experience (Ingram, Andersen Consulting, Fleetguard)
• CEO, Chairman, Executive
• Management
• Consulting
• Strategy
• Business Analytics
• Technology
Professor at Lipscomb University
• Policy & Strategy
• Principles of Management
• Business Statistics & Management Science
• Research
• The China Experience
Introduction
2015-02-25 Evolution of Technology 2
Principal Consultant, Strategic Solutions GroupInfoWorks, Inc.• Strategy• Organizational Design & Development• Healthcare• Leveraging Technology
![Page 3: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/3.jpg)
Agenda
Fundamentals of today’s competitive landscape• Competencies, core competencies, and strategic competencies
(why knowing and leveraging the differences are critical to success)
• Competing on price, differentiation, or both (how these strategies impact technology investment and organizational design)
• Innovation (understanding bleeding edge, leading edge, fast-follower, laggard, and irrelevance)
How technology has, continues to, and will shape the competitive landscape• Understanding the impact of the democratization of technology
• Understanding how to survive, leverage, and create disruptive technologies
• What disruptive technologies are on the horizon?
2015-02-25 Evolution of Technology 3
![Page 4: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/4.jpg)
CompetitionTechnology is becoming THE
competitive advantage
2015-02-25 Evolution of Technology 4
![Page 5: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/5.jpg)
Competencies
2015-02-25 Evolution of Technology 5
Competencies
Core Competencies
Strategic Competencies
![Page 6: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/6.jpg)
Competitive Strategy
How are competitive strategy and technology synergistic?2015-02-25 Evolution of Technology 6
![Page 7: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/7.jpg)
Innovation Adoption
2015-02-25 Evolution of Technology 7
• Leader• Fast Follower• Laggard
![Page 8: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/8.jpg)
Disruptive TechnologiesThe rules of the game change
2015-02-25 Evolution of Technology 8
![Page 9: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/9.jpg)
• Democratization (eliminates barriers to entry)
• Changes the rules of the game
• Accelerates innovation (products, services, value chains, business models)
• Creates opportunities
• Creates threats
• Attracts the best and brightest
• Attracts entrepreneurs
• Attracts investment
2015-02-25 Evolution of Technology 9
Disruptive Technology
![Page 10: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/10.jpg)
Democratization of Technology
2015-02-25 Evolution of Technology 10
The “little guy” has a chance now
![Page 11: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/11.jpg)
Texts vs. Mail: The U.S. Postal Service is on track to lose $6 billion this year, as e-mails and texting reduce mail volumes faster than postage fees can rise.
2015-02-25 Evolution of Technology 11
Bytes Beat Bricks (FORTUNE, 7/4/11)
![Page 12: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/12.jpg)
Netflix vs. Blockbuster: Blockbuster hit 4,000 stores in two decades. Then, in 1997, Reed Hastings got charged a $40 late fee on Apollo 13 and founded Netflix. The rest is history.
2015-02-25 Evolution of Technology 12
Bytes Beat Bricks (FORTUNE, 7/4/11)
![Page 13: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/13.jpg)
Amazon vs. Borders: Amazon almost single-handedly bankrupted the No. 2 bookseller in the decade. Barnes & Noble is fighting back with its Nook.
2015-02-25 Evolution of Technology 13
Bytes Beat Bricks (FORTUNE, 7/4/11)
![Page 14: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/14.jpg)
iTunes vs. CDs: iTunes made its debut in 2003, with devastating effects on music retailers. Tower Records went bust in 2004. Musicland folded in 2006. FYE has shriveled.
2015-02-25 Evolution of Technology 14
Bytes Beat Bricks (FORTUNE, 7/4/11)
![Page 15: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/15.jpg)
Disintermediation
Source
• IP Owner (authors, artists...)
• Products
• Services
Intermediaries
• Gate keepers (publishers, studios...)
• Distributors
• Wholesalers
• Retailers
Consumer
• Limited selection
• Higher cost (source plus margin for each intermediary)
2015-02-25 Evolution of Technology 15
![Page 16: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/16.jpg)
Disintermediation
Source
• IP Owner (authors, artists...)
• Products
• Services
• Direct access to consumers
Intermediaries
• Gate keepers (publishers, studios...)
• Distributors
• Wholesalers
• Retailers
Consumer
• Unlimited selection
• Lower cost (only pay the source)
2015-02-25 Evolution of Technology 16
Disruptive Technologies (enablers)• The Internet• Residential Package Delivery• 3D printing
![Page 17: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/17.jpg)
What Lies Ahead
2015-02-25 Evolution of Technology 17
![Page 18: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/18.jpg)
Crystal ball time
• Moore’s Law: Processing power doubles every 18 months relative to cost and size
• Data storage capacity doubles every 12 months relative to cost and size
• Bandwidth capacity will double every 6 months relative to cost and size
2015-02-25 Evolution of Technology 18
![Page 19: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/19.jpg)
2015-02-25 Evolution of Technology 19
![Page 20: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/20.jpg)
2015-02-25 Evolution of Technology 20
![Page 21: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/21.jpg)
OLED (Organic Light-Emitting Diode)
2015-02-25 Evolution of Technology 21
The 'Samsung Youm' is one of the first smartphone that has a bendable screen, in the future you'll be able to fold up your smartphone as if were a map.
![Page 22: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/22.jpg)
Millions of people around the world have limited access to drinking water - and diseases caused by contaminated water sources kill 1.8 million people each year. As both private and public entities continue to look for viable solutions to the problem, one promising development comes to us from South Africa, where researchers have used nanotechnology to create a water-purifying tea bag that costs just half a cent. In order to activate the tea bag, the user places it into the neck of a water bottle and then drinks water that passes through it. The design is portable and instantly effective! However, none of this would be possible without the help of nanotechnology -researchers have combined ultra-thin, nano-scale fibers with grains of activated carbon to filter harmful contaminants and kill bacteria.
2015-02-25 Evolution of Technology 22
Nanotechnology
Nanotech Water Purifying Tea Bag
![Page 23: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/23.jpg)
Nanotechnology
The application of nanotechnology in the field of medicine is possibly the most exciting and life-changing prospect. It has doctors and potential patients fizzing with excitement. Research is on going to develop nanobots that could be injected into our bodies to intelligently destroy disease and perform surgeries on individual cells we otherwise couldn’t. The cure for cancer could lie with these bots with trials underway using nanoparticles that seek and destroy cancerous cells but without harming surrounding healthy tissue like chemotherapy does.
2015-02-25 Evolution of Technology 23
![Page 24: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/24.jpg)
Exoskeletons
Exoskeletons For Improved Warfare
Raytheon XOS 2 is a second generation exoskeleton prototype designed for the US Army. It's designed to increase the physical abilities whilst providing robust protection of soldiers battling in war zones.
2015-02-25 Evolution of Technology 24
![Page 25: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/25.jpg)
Advanced Prosthetics
Advanced Prosthetics
Prosthetic arms and legs have now become nimbler and more refined. To demonstrate the progress being made in this industry, here's a prosthetic hand tying a shoelace. Certainly beats having a hook for an appendage.
2015-02-25 Evolution of Technology 25
![Page 26: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/26.jpg)
Advanced Prosthetics
The prosthetic eye this man is wearing is also fitted with an in-built camera allowing him to record anything in front of him.
2015-02-25 Evolution of Technology 26
![Page 27: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/27.jpg)
An app for everything
The PhotoMath app might lead to the death of the calculator. The app itself solves mathematical problems instantly, all you have to do is point the camera in smartphone onto the page and hey presto as if by magic there's your answer.
2015-02-25 Evolution of Technology 27
PhotoMath
![Page 28: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/28.jpg)
Universal Translator
Instant Translation
In a foreign country and can't read the sign? Rather than flicking through a clunky translation guide, simply use this app for an instant translation into your language of choice.
2015-02-25 Evolution of Technology 28
![Page 29: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/29.jpg)
3D Printing
3D Metal Printing
In recent year 3D printing has truly taken off, there's all manner of objects and products being creatively brought to life thanks to the technology. Now you can add metal printing to the list.
2015-02-25 Evolution of Technology 29
![Page 30: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/30.jpg)
3D Printing
2015-02-25 Evolution of Technology 30
Precision joint replacement Food Self-replicating
![Page 31: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/31.jpg)
Artificial Intelligence
Former Microsoft boss, Bill Gates, plants himself in same camp as Elon Musk and Stephen Hawking, adding that he doesn't understand why some people aren't concerned.
2015-02-25 Evolution of Technology 31
![Page 32: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/32.jpg)
What to do
2015-02-25 Evolution of Technology 32
![Page 33: Evolution of technology ima 20150224](https://reader034.vdocument.in/reader034/viewer/2022052509/55a6e3341a28ab8a558b47cb/html5/thumbnails/33.jpg)
How to survive and thrive
• Strategy that includes technology as transformational• How can we leverage emerging technologies• What opportunities with and threats to our current business models do these
technologies create• Be careful, success doesn’t always breed success, sometimes it breeds failure
• Organizational design/development resulting in a team that is flexible, responsive, receptive to change, and tech-savvy
• Remember “dot.bomb”
• Be deliberate about when to “pull the trigger” and courageous enough to “cut your losses.” Know what you can afford to lose and when to “bet the farm.”
2015-02-25 Evolution of Technology 33