Our Digital Future
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”