Evolution of technology ima 20150224

Evolution of TechnologyDemocratization, Disruption, Hope, Fear

Nashville IMAFebruary 25, 2015

Steve LittlePrincipal ConsultantStrategic Solutions Group

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

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?


CompetitionTechnology is becoming THE

competitive advantage


Competencies


Competencies

Core Competencies

Strategic Competencies

Competitive Strategy

How are competitive strategy and technology synergistic?2015-02-25 Evolution of Technology 6

Innovation Adoption


• Leader• Fast Follower• Laggard

Disruptive TechnologiesThe rules of the game change


• 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


Disruptive Technology

Democratization of Technology


The “little guy” has a chance now

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.


Bytes Beat Bricks (FORTUNE, 7/4/11)

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.



Amazon vs. Borders: Amazon almost single-handedly bankrupted the No. 2 bookseller in the decade. Barnes & Noble is fighting back with its Nook.



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.



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)


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)


Disruptive Technologies (enablers)• The Internet• Residential Package Delivery• 3D printing

What Lies Ahead


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


OLED (Organic Light-Emitting Diode)


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.

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.


Nanotechnology

Nanotech Water Purifying Tea Bag

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.


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.


https://www.youtube.com/watch?v=ViL4bAUGuGY

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.


http://i.imgur.com/bx3zrgJ.gif


The prosthetic eye this man is wearing is also fitted with an in-built camera allowing him to record anything in front of him.


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.


PhotoMath

http://i.imgur.com/SBWspAT.gif

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.


http://i.imgur.com/lWmccFj.gif

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.


http://i.imgur.com/yjR5Mbw.gif

3D Printing


Precision joint replacement Food Self-replicating

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.


What to do


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.”


Evolution of technology ima 20150224

Technology

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