EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single...

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EY Entrepreneurial Winning Women™ Asia- Pacific Digital disruption and transformation

Transcript of EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single...

Page 1: EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of ecosystems.

EY Entrepreneurial Winning Women™ Asia-Pacific

Digital disruption and

transformation

Page 2: EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of ecosystems.

1 A new business age

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Page 3: EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of ecosystems.

Create

Activate

Accelerates Speed

to Market

Reimagines Business

Models

Transforms the

Experience

Sustainable Growth

explosive growth

has barely begun

Companies that place innovation at the heart of their

purpose WIN

Changing relationship between

businesses and customers

Harder to safeguard data,

intellectual property, personal info

50B THINGS connected to the

internet by 2020

80% Businesses are failing to leverage

Yearly digital crime /

IP thefts

$375B

$575B

Incubate

customer data

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Page 5: EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of ecosystems.

Problems worth solving

Innovation, the art of making hard things easy and creating new viable business offerings

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First: Identify a big problem

worth solving…pollution

Tesla has revolutionized all aspects of car

Industry - Product, Process, Business model

and experience of ownership

A new value chain… going

from engines to batteries

Redesigning the ecosystem,

a new fueling experience

Change up the supply chain:

Who needs dealerships when

you can buy direct

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New business age?

Age of Innovation

2015 – ?

Companies that place innovation at the heart of their purpose, transforming experiences processes, business models WIN!

Age of

Manufacturing

1900 – 1940

Age of

Distribution

1940 – 1980

Age of

Information

1980 – 2000

Age of

Experience

2000 – 2015

Over the last 100 + years in business,

the way companies create value has evolved …

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WHY?

Page 9: EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of ecosystems.

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data and digital technology…

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Proliferation of digital has created perfect storm of technologies and has enhanced connectivity worldwide

Russia

Brazil

US

India

China

Australia

Mexico

Turkey

UK

France

Italy

Germany

65%

80%

37%

26%

36%

47%

13%

45% 42%

87%

40%

41% Japan

25%

Internet Penetration

Social Media Penetration (based on

active users of the largest social

networks in each country)

Although the digital penetration is higher in developed markets, the developing countries in terms of the commitment level seem to be ahead. (average number of hours spent on digital media.)

57%

56%

43%

43%

33%

46%

7% 45%

42%

57%

35%

42% 17%

110%

103%

87%

134%

89%

73%

84%

109%

130%

133%

158%

109%

184%

Mobile phone Penetration

Highest platform

Penetration

Source: EY, EYK Life sciences SMI team,02/2014

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opportunities

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Rapid pace of access to data and digital technologies has provided the ability to collaborate across the globe seamlessly

• Crowd sourcing

• Social Collaboration

• 90 day challenges with small entrepreneurial

technology firms

• Incubator Arm

A few techniques that firms are using to

collaborate using the technologies include:

Source: perficient.com

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► Digital has expanded the consumer base in each and every sector

► Employees/Consumers today are always-on, ever-connected and highly-demanding.

► Innovating is just not enough to meet demands…..

► Speed to market and agility have become the ‘key-mantra’ for leading Innovator’s

Agile

innovation

In todays age, speed of Digital economy demands new processes, business strategy, and agility to capitalize on opportunities

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Page 14: EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of ecosystems.

The heart and soul of a company is

creativity and innovation. Bob Iger

Page 15: EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of ecosystems.

2 Disruption

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Page 16: EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of ecosystems.

Build

Monitor, and

Rebalance an investment portfolio

…experience, agility

and speed with

purpose

Automating investment advisory

portfolios

Disruption

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Megatrends

Future of Work

Resourceful Planet

Digital Future

“shifting” work life for

employees to work at

places, times of their

choosing

automation will create

new jobs requiring new skills

collision of digital platforms and

environmental concerns is creating

shared economies

Sustainability has become critical in

attracting and managing talent

changing

nature of how

people access

information

Digital is disrupting

industries and

blurring industry

boundaries

companies to becoming “network orchestrators”

of human capital

RP meets digital

RP meets FoW

digital meets FoW

social media drives enterprises to be

more transparent and adopt a customer-

centric focus

Resourceful Planet Future of

Work

data exploitation enables smart cities / buildings increasing efficiency, reduce waste

Digital Future

Page 18: EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of ecosystems.

There is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of

ecosystems.

Innovation today is most often digital, and digital impacts every branch of your organization:

Digital disruption impacts all aspects of the business…

• Culture

• Revenue

• Brand

• Investments

• Marketing

• Sales

• Finance

• Product development

• HR

• Supply chain

• Compliance

• Risk

• Procurement

• Manufacturing

• Legal

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Source: newtechweekly.com

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Most organizations struggle in 4 areas

Culture

People

Should be an enabler

for innovation

Enabling new roles

and goals

Governance

Approach

Optimized for

Innovation

To deal with unstructured

developments

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3 Helping clients transform

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Helping clients transform through…

Process

Capability

Strategy

Performance

Page 22: EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of ecosystems.

HOW?

Page 23: EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of ecosystems.

9 principles for disruption and innovation

driving faster results and time to market

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Portfolio management

Value Potential

Innovation Im

pact

Disruptive

10%

Adjacent

20%

Sustaining

70%

Business Model

Experiences

Products and services

Data

Operations

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Expanding our clients journey - networks and collaboration

• Entrepreneur of the

Year Awards celebrate

the most innovative

business leaders from

around the globe.

• It is recognized as

one of the most

prestigious business

award programs in

the world.

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Tools and methodologies - create, incubate, activate

3 4D Market Map

(Strategic Decisions) 1 Agile Innovation

Flight Map 2 End to End

Experience Management

4 Innovation Lab-Site

Assessment Tool 5 Innovation Excellence

Assessment 6 Innovation Games

Page 27: EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of ecosystems.

5 key accelerators for transformation

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Digital disruption and “innovation realized” tm

ROI Return on Innovation

Speed to Market x ? ? + ) (

?

(resource, cost, efficiency and synergy capture)

x

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Digital opportunities and experience

Defining a new

customer and digital

strategy for a major

property and banking

group

Banks and pharmaceuticals starting to integrate a social graph into audit and looking at social as an acquisition channel

In banking,

reinventing the

customer experience

for online, mobile and

linking to data driven

acquisition

Digital strategy and

operating model

design, helping a

major super fund use

web, social and

mobile to attract and

retain customers

For a major bank,

assessing the security

and risk of cyber

attacks and the

potential for brand and

transactional exposure

in online and mobile

properties

In media, assurance

of advertising money

spent on digital

programs and

acquisition

Every day we

are building

business agility

around the

world…

Digitising the trading

process. Moving

from traditional to

electronic

settlements, creating

new forecasts and

price advantages

Page 30: EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of ecosystems.

Entrepreneurs, networks, alliances, experience studios

Silicon Valley New York Sao Paulo Dubai, UAE Zurich London Madrid Kerala, India Honk Kong Sydney

Welcome Zone

Interactive Greeting Room

Event Zone

Advanced Customer Showcase

Staging Zone

On-Demand Solutions Staged Sets

Life of the Customer

Experience Design Environment

Collaboration Zone

Creative Collaboration Spaces

Advanced Technology Showcase

Technology & Solution Exhibits

Disruptive Delight

Pop-up X-Studio in a Box

Director Zone Informal Zone

Refuel & Interact Zone

FlexWork Zone

Mind & Body Renewal Space

Interactive Greeting Room

Studio Locations (existing and planned):

Page 31: EY Entrepreneurial Winning Women™ Asia Pacific Digital ... · PDF fileThere is no single digital ecosystem; instead, there is an emergent and dynamic biosphere, an ecosystem of ecosystems.

Marketplace presence

Thought Leaderships

Events and Conferences

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Thank you!

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