Digital Leadership

boundary blurring

Low barriers to entry, platforms and openness, Healthy paranoia, techquisitions

Digital Forces

Resolution Revolution, Compound Uncertainty, Boundary Blurring

Tripple Tipping Point

Technology, Regulation, Culture

Critical Mass

The Amount of users needed to make a product viable

Network Effect

The more users a product gets, the better the product is

What makes digital technology transformational

Transmitted without error, Replication without degradation, Zero marginal cost

Leaders must be

customer centric, tech savvy, visionary, adaptive and agile, data driven

8 ways to future proof your firm

focus on changing jobs not losing jobs, look for complements not replacements, reduce price, be proactive about training opportunities, Keep track of industry advancements - get help if needed, Flexibility a must, Enlist everyone to monitor digital possibilities, don't jump too soon

actionable takeaways

think outside-in, barriers to entry can be breached, hyper-alertness for possible invaders, build digital-era boundary blurring competencies, think about possible techquisitions, get ideas and support

Gartner's definition of "digital"

All electronically tractable forms and uses of information and technology

Jobs that are hard to automate

Cognitive, Non-Routine

Digitization

Data Volume, Data Velocity, Data Variety, New ways of acquiring knowledge, Higher rates of innovation, Digital information is non-rival, Digital information is cheap to copy