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Tech Disruption

Why the IT Bar is Usually Set Too Low

The IT bar is set too low by business leaders Most CEOs and COOs spend their days trying to increase revenue and market share, while most CFOs spend their time optimizing their company’s balance sheet and ensuring that accounting is handled correctly. None of these top executives have the time or the background to focus their efforts on IT, even though all of them need it in order to achieve their goals. Without the context and knowledge of what is possible and what the paths to innovation should be, it is difficult for business executives to set, or even to push for, a vision for the full impact of technology. The bar is also set too low by IT leaders There is a misconception within many corporations that IT is merely backup and tech support for other departments. CIOs are often disincentivized to go beyond operating their platforms reliably, securely, [...]

Change is Faster than Ever, but Will Never Again Be This Slow

This succinct summary of the challenge of modern life is a quote from Canadian Prime Minister Justin Trudeau, from his keynote at the Davos World Economic Forum in 2018.  And although that organization tried to downplay the sentiment later that year, Trudeau's claim seems an accurate summary of our times. Change is hard for human beings; we are accustomed to a great deal of consistency from one day to another: in what is expected of us, in the tools we use to perform those duties, in how we're perceived by others and how we interact with others, in what constitutes the necessities of life, and in how we obtain those necessities.  Most of us feel we can "handle" change, but when we say that we usually mean one change at a time, and with a pause after each change before we're forced to confront the next one. The challenge today [...]

What CXOs should know about Digital Transformation

Digital transformation is a buzzword which has crept into the language of business in recent years, and the definition of the term varies greatly. At Innovation Vista, we define “digital transformation” as the effort to use technology to grow revenue. Digital Transformation - IT strategy insights for CXOs Digital transformation is driven by a broader view of Information Technology than its traditional goals of increasing efficiency and automation to help businesses save money and boost productivity. Today, technology has advanced in ways that allow businesses to do much more than what was possible in the past. Even in its traditional scope, IT has become a major component of most businesses' success. Most corporate executives and C-suites are comfortable with it in this shape and size, but when there’s talk of re-envisioning IT, even with the promise of greater impact, CXOs can become understandably nervous. Hesitations on Digital Transformation One of [...]

JUST Keeping the IT Lights On = Awaiting Disruption

Is your IT just “keeping the lights on”? i.e. Are you just waiting to be disrupted?  Don’t get me wrong – keeping the lights on, avoiding security breaches, even creating organizational/margin efficiency with IT – these are worthy goals. But they are TABLE STAKES in today’s economy; we go far beyond this in our proprietary Innovation framework: → STABILIZE your IT – yes “the lights need to stay on” reliably, securely, auditably → OPTIMIZE strategic trade-offs – get what you pay for, pay to your point of maximum ROIC → MONETIZE your IT – invest in tech capabilities to drive REVENUE & MARKET-SHARE Innovation Vista’s mission is to INNOVATE BEYOND EFFICIENCY for TOP-LINE IMPACT in midsize companies: → Taking market-share with tech capabilities your competitors can’t match → Enabling Digital connection not just in remote teams, but with your customers → Accelerating your existing revenue cycle with deep customer insights [...]

Kodak – April Fools Day cautionary tale

Kodak was a household name. Everyone either knew of Kodak or owned one of their cameras. Their success was admired by brands worldwide. Their success didn’t last forever. Over the course of a few short months, the brand started to disappear. Other brands, like Sony and Canon, took center stage. It wasn’t too long before younger generations were asking, “What’s a Kodak?” Kodak failed. But how did such a successful company fall so hard in a very short period of time? The answer has a lot to do with their resistance to change. Resistance to Change Kodak invented the first digital camera in 1975. Most people don’t know this because it was kept secret. Why? They were afraid if they let anyone know about it, their film-based business would end. Unfortunately, not releasing that information ended up leading them to their fear. Sony and Canon jumped on the chance to [...]

By |2021-02-11T10:15:24-06:00April 1st, 2018|Tech Disruption|

Borders – April Fools Day cautionary tale

The bookstore giant Borders at one time operated over 500 stores and employed 20,000 people.  From these highs, the company crashed quickly - so quickly that most people had no idea it was going under until it did. The debts were high, and the income wasn’t high enough. No one, including publishers, wanted the bookstore to die, but it couldn’t be resuscitated.   What Happened to Borders It started in the 1970s in Ann Arbor. Tom and Louis Borders created an inventory tracking system that was as intelligent as computer systems allowed at the time. In addition to their books, the Borders’ brothers licensed out their inventory system starting in the 1980s. This enabled them to expand their store into Michigan and Philadelphia.  From their they launched nationwide. In 1991, Borders was sold to KMart, who was interested in both their stores and their inventory system. This was the start [...]

By |2021-02-11T10:16:01-06:00April 1st, 2017|Tech Disruption|

Blockbuster – April Fools Day cautionary tale

It is a hallmark of the disruptive nature of digitalization that it has turned the tables on surprised companies who have gone from industry leaders to bankrupt has-beens in relatively short periods of time.  In an effort to encourage our clients to avoid similar thought traps, and to commemorate and analyze a few of the most famous of these failures, Innovation Vista is initiating an annual "April Fool's Day" article series.  We are pleased to kickoff this series with the sad & strange case of Blockbuster.   The Multiple Missed Opportunities of Blockbuster with Netflix The disruption of the video rental industry is very unique in that the industry leader had multiple chances to purchase, and then to partner with, its disruptor, less than a decade from its own bankruptcy. To our knowledge, this seems to be the best example of opportunity of this kind being offered, and of course, [...]

By |2021-02-11T10:16:21-06:00April 1st, 2016|Monetizing IT, Tech Disruption|
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