Our Dig­i­tal Fu­ture

The Economic Times - - Breaking Ideas -

If you’re a leader in to­day’s world, whether you’re a gov­ern­ment leader or a busi­ness leader, you have to fo­cus on the fact that this is the big­gest tech­nol­ogy tran­si­tion ever. This dig­i­tal era will dwarf what’s oc­curred in the in­for­ma­tion era and the value of the in­ter­net to­day.

As lead­ers, if you don’t trans­form and use this tech­nol­ogy dif­fer­ently, you are go­ing to get dis­rupted. And it will be a bru­tal dis­rup­tion, where the ma­jor­ity of com­pa­nies will not ex­ist in a mean­ing­ful way 10 to 15 years from now.

This dig­i­tal age is the con­nec­tiv­ity of go­ing from a thou­sand de­vices con­nected to the in­ter­net to 500 bil­lion. It will trans­form busi­ness. It will trans­form our lives, our health­care sys­tem. Busi­ness mod­els will rise and fall at a tremen­dous speed. It will cre­ate huge op­por­tu­ni­ties, prob­a­bly $19 tril­lion in eco­nomic value over the next decade.… But it will also re­sult in tremen­dous dis­rup­tion. And this is where it’s so im­por­tant — whether they are coun­tries or com­pa­nies — that you ei­ther dis­rupt or you get dis­rupted.

Prob­a­bly 40% of en­ter­prise cus­tomers world­wide will not ex­ist in a mean­ing­ful way in 10 years. When I said that two and three years ago, my CEO coun­ter­parts said, “Hey, John, you called the other tran­si­tions right, but I think that is way too ag­gres­sive.” I think most CEOs would now agree. If they don’t change, they get left be­hind.

From “Cisco’s John Cham­bers on the dig­i­tal era”

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