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Three Industries That Are Ripe For Disruption

Three Industries That Are Ripe For Disruption | Competitive Edge |

We live in an age of disruption – and that's a good thing. Industries will be transformed. Major companies will fall. Old systems will collapse as entrepreneurs figure out how to optimize and reinvent inefficient businesses, products, and services to provide consumers (us) with all things better, faster and cheaper. According to the Olin School of Business, 40% of today's Fortune 500 companies will be gone in the next 10 years. This blog is a quick look at three industries (Healthcare, Finance and Insurance) that are ripe for disruption this decade due to big data and artificial intelligence.

Clearly big data and AI will change almost every industry this decade... but none more than these. Read more: click image or title.

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Via Josie Gibson, Ian Harris
Marc Kneepkens's insight:

Uber is a great example of #disruption. A complete industry is being replaced and put on alert. The sheer essence of #competitiveness is at play. Now put that into perspective with health care, finance and insurance. This article sheds a whole new light on why these industries are changing as we speak. #BigData, #AI - Artificial Intelligence, #Technology... it's happening now.

Ian Harris's curator insight, October 10, 1:52 AM

Good for thinking about opportunities!

Oscar Padilla's curator insight, October 12, 5:23 PM

I think healthcare is by far the most important industry that can benefit from a shake-up.

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Guide to 12 Disruptive Technologies

Guide to 12 Disruptive Technologies | Competitive Edge |
Description of 12 disruptive technologies for 2014

What is a disruptive technology? According to Clayton M. Christensen, an Harvard Business School professor a disruptive technology is a new emerging technology that unexpectedly displaces an established one.  Christensen used this term for the first time in his 1997 best-selling book entitled “The Innovator’s Dilemma”.  In it the author established two categories of new technologies: sustaining and disruptive. Sustaining technologies corresponds to well-known technologies that undergo successive improvements, whereas Disruptive technologies means new technologies that still lack refinement, often have performance problems, are just known to a limited public, and might not yet have a proven practical application. Disruption can be seen at a different angle, if we look at how the word means, something that drastically alters or destroys the structure of society. Disruptive technologies hold within themselves the capacity to alter our lifestyle, what we mean by work, business and the global economy. What are those technologies? And what will be the benefit they will bring to the world where we live in?

According to a report published by the McKinsey Global Institute, there are 12 technologies that can produce great disruption in our near future as they might transform the economy and our lives. McKinsey Global Institute report also offers quantitative data on how the outlined technologies can impact the economy, and what are the risks these will bring. Curiously, the concepts behind those technologies have been around for a long time. Here we outline a list of 12 of the most disruptive technologies:

Click title or image to read article.

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Via Richard Platt
Marc Kneepkens's insight:

That's about all of them lined up, know of any others?

Pierre Casanova's curator insight, January 6, 2:43 AM

Another list of disruptive technologies.

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How to Build a Culture of Innovation Pt. 2: The 12 Pillars of Innovation

How to Build a Culture of Innovation Pt. 2: The 12 Pillars of Innovation | Competitive Edge |

In part one of this series on how to build a culture of innovation, I focused on the challenges organizations face as they inevitably face disruption from direct and emergent competitors. But it's not just external competition, it's also internal forces that prevent companies from unlocking creativity to compete. As Viktor E. Frankl once said, "It isn't the past which holds us back, it's the future; and how we undermine it, today."


Why do we need to change? We're profitable today! Change is for everyone else right?




Change happens to us or because of us. In an era of digital Darwinism, technology and society are evolving faster than the ability for many to adapt. We have a choice in how our story unfolds. But it's a classic story of leading or following. People around you want to see what others are doing to change. At the same time, those companies that are figuring out how to change are already ahead of the game. Here you are trying to justify it by way of examples. digital Darwinism doesn't wait or discriminate. Natural selection favors those that at least try.


You know in your heart that in order to change requires a new perspective followed by a new approach, supported only by relentless execution and learning. The good news is that there are companies that are successfully thriving in an era of digital Darwinism. You have precedent to lean on. But you and I know that even with examples, the real challenge is making the case and ultimately taking the first step. Once you do, momentum carries you forward.

To read the full article, click on the image or title.

Is your Business Plan working? Is it Succeeding?

Via Russ Merz, Ph.D.
Marc Kneepkens's insight:

Innovation is inevitable in this fast changing culture of business. It takes courage, wit, imagination.

Russ Merz, Ph.D.'s curator insight, March 31, 2014 8:18 AM

Good advice for how to create a culture of innovation and disruption within an organization.

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What Is a Business Model? - HBR

What Is a Business Model? - HBR | Competitive Edge |

A history, from Drucker to Christensen.

...Introducing a better business model into an existing market is the definition of a disruptive innovation. To help strategists understand how that works Clay Christensen presented a particular take on the matter in “In Reinventing Your Business Model” designed to make it easier to work out how a new entrant’s business model might disrupt yours. This approach begins by focusing on the customer value proposition — what Christensen calls the customer’s “job-to-be-done.” It then identifies those aspects of the profit formula, the processes, and the resources that make the rival offering not only better, but harder to copy or respond to —  a different distribution system, perhaps (the iTunes store); or faster inventory turns (Kmart);  or maybe a different manufacturing approach (steel minimills)...

To read the whole article and see a summary of business models click here:

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Great info. Loving your business plan template, makes writing a plan almost fun.

Craig Heppell
Nambour, Queensland

Marc Kneepkens's insight:

Excellent article and overview of many business models. Must read for any entrepreneur and business developer.

Ian Harris's curator insight, February 8, 7:50 PM

A good refresher on exactly what a business model is and how they have developed.

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Marc Andreessen teaches startups what disruption is really about (in 17 tweets) | VentureBeat | Entrepreneur | by Jordan Novet

Marc Andreessen teaches startups what disruption is really about (in 17 tweets) | VentureBeat | Entrepreneur | by Jordan Novet | Competitive Edge |
Marc Andreessen is one of those few people whose opinion about disruption is actually worth paying attention to.

You’ve probably heard about “disruptive innovation,” a concept from Harvard Business School professor Clayton Christensen. But prominent Silicon Valley Marc Andreessen wants to be sure that you actually understand disruption — because the term does get thrown around a lot.

In his latest onslaught of tweets, Andreessen this morning first quoted from Christensen’s writings and then went on to provide examples. And then he went on to show why people really should be in favor of disruption.

And it’s worth paying attention to Andreessen on disruption, given that he was one of the key people behind the Netscape Navigator web browser, a hit among consumers that improved on the Mosaic web browser he had developed for the National Center for Supercomputing Applications.

The position from Andreessen, a cofounder of the venture capital firm Andreessen Horowitz, amounts to a strong defense of the concept. It’s quite a bit different from New Yorker writer Jill Lepore’s critical take on it.

Andreessen’s newly articulated stance could well bring on a whole new round of discussion about the already widely cited term.

To see the series of Tweets, go here to the original article:

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Marc Kneepkens's insight:

Every wondered what disruption is really all about? It's probably much more than you imagined.

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