From the way we consume entertainment in our homes to how smart phones navigate us around the world, the way digitisation has changed people’s lives for the better is there for everyone to see. How you choose to harness this digital power in the future will be key to the success of your organisation.
‘Digital’ is a way of doing things not a thing in itself, which means the possible benefits of future digital enablement are limitless. Right now, it’s important to consider the ways in which digital systems can replace existing analogue or manual systems and how this digitisation can create greater efficiency and effectiveness through electronic means. Most of the future digital applications haven’t been thought of yet.
The phrase ‘digital disruption’ often gets bandied about by people who don’t completely understand its meaning. It can cause us to panic and think we’ve missed some digital boat that all of our competitors have already boarded.
Digital disruption can be defined as the change that occurs when new digital technologies and business models affect the value proposition of existing goods and services.
Our clients realise that as digital technologies never stand still the potential for digital disruption is a constant factor for all businesses, in all markets, to a greater or lesser extent. Digital readiness can simultaneously protect you against major disruptions and give you the ability to be agile, when the time is right. Both are critical to the constant evolution of your business model.
Digital technologies are helpful for collaboration, communication, planning and alignment with multiple stakeholders. Over the lifecycle of a project, they can help stakeholders understand different components of infrastructure by visualising the impact of different options and approaches. This allows more upfront planning and projects to be de-risked early and can reduce the chance of scope creep or rework.