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Enterprise Digital Transformation Snapshot 2016

 

December 20, 2016

We predicted that fear of the new is a powerful motivator and that enterprises will stop denying the potential “paradigm shift” through the combination of automation, mobile, social media, big data, robotics etc. We beleived that 2016 would be the year that fear is harnessed in a positive way.

Prediction Accuracy

Unfortunately, we were about 69% accurate on the 4 predictions made:

  1. The Impact of digital to change business, government, politics and society gains greater acknowledgement. Sure, there will be increased “digital disruption deniers”, who will opine that it’s either not happening or, it’s evil and ought to be stopped. Results: Yes, it’s perhaps become overly acknowledged to the point that any technology is incorrectly considered as ‘digital transformation” ~100%
  2. The integration and interelation of many digital technologies will drive change in business and government. That is, the interrelation of SMACT technologies : social, mobile, analytics (big data & machine learning), cloud and IoT. And, blockchain. And, the adoption of agile techniques to keep up with digital technology changes. Results: Yes, but slower than expected ~25%
  3. Trust, transparency, and authenticity will become increasingly important for institutions, governments and businesses. Digital means that you can’t hide from poor corporate responsibility or ethics. Results: Trust has become more important to the point of conspiracy theories, while authencity seems to wins elections ~100%
  4. The digital transformation fear calculus changes from denial to action. 2015 witnessed a lot of fear about Uber-style business models with possible social ills. Results: Partly, with much legal manovering to restrict the sharing economy on one hand, with increasing pockets of adoption elsewhere ~50%
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Doug Hadden

Doug Hadden

Executive Vice President, Innovation at FreeBalance
Doug is responsible for identifying new global markets, new technologies and trends, and new and enhanced internal processes. Doug leads a cross-functional international team that is responsible for developing product prototypes and innovative go-to-market strategies.
Doug Hadden

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