Leading a Future-Ready Business: Disruptive Technologies
On pace to effectively compete?
Canon in association with Hanover Research reviews today’s hyper-competitive business environment and its future trajectory. The culmination of digital business, disruptive technologies, cultural and demographic forces, put unprecedented demands on business leaders to navigate the opportunities and threats.
Over the next decade, technological advancement will continue to drive economic growth while simultaneously disrupting legacy operational models. This disruption will provide opportunities for businesses, but will also carry risks for leaders who fail to adapt. A variety of vehicles providing greater connectivity, innovative data analytics, and new business platforms have emerged in recent years, with adoption trends expected to strengthen at a rapid pace. For example, the world of supply chain management is changing as startups challenge installed legacy systems with cloud- based solutions offering comparable support at a fraction of the cost.
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Key Findings
At its core, a disruptive technology is an emerging system, product or process that displaces established ways of doing business. Disruptive technologies are giving rise to new business models and re-inventing established business models; disruptive technologies are used by entrepreneurs, Fortune 500 companies, and service providers alike.
This report analyzes the technological innovations to which business leaders must adapt. The potential of cloud, mobile internet, analytics, RPA, IoT, 3-D Print and other emerging technologies are reshaping markets and established organizations. Business leaders will have to implement change on a continuous basis to keep up with rapid adoption rate and risk recalculation. Failure to capitalize on the technological innovation will be catastrophic for today’s industry incumbents.