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5 CxO Insights To Help You Face Disruption
Accenture reports that 63% of large global companies are facing high levels of disruption. Here are some useful insights from industry leaders on how to prepare for this challenge.
“The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.”
“For businesses today, it is disruption of the digital kind that is creating the greatest upheaval. Across every industry, boundaries are being torn down as hyper connected technology redefines the limits of what is possible.”
“Longevity in this business is about being able to reinvent yourself or invent the future.”
“At least 40% of all businesses will die in the next 10 years… if they don’t figure out how to change their entire company to accommodate new technologies”
“Your competitors probably won’t come from within your industry—they could come from any industry, or from one that doesn’t exist yet.”