digital disruption

Disruptive technologies like AI, automation, and blockchain present challenges for risk managers with two-thirds (69 per cent) of Australian executives say that complex risks are emerging more rapidly than their own skills are advancing, according to a new report from Accenture. The study reveals that  majority of financial firms’ risk

Australia is headed towards a “completely new” two-sided energy market because of digital technology and consumer power generation, according to the Australian Energy Market Commission (AEMC), the statutory body which governs the national electricity and gas markets.   In the new “wholly connected” market consumers will be rewarded for buying and

Today companies need to be prepared to disrupt themselves more ambitiously than they have ever done before in order to leave their legacy behind, argues Andy Penn, CEO at Telstra. During Telstra Vantage, Penn explained to attendees that “legacy” means legacy products, legacy processes, legacy systems and most importantly, legacy

Digital transformation is coming to the commercial property sector, but its leaders are laggards. Disruptive pressures are building, and intermediaries like AirBnB and WeWork are already resetting the rules. Compare the construction subsector of property — where little has changed about the way we build buildings since the late 1930s

It is not technology, but culture, that is critical to becoming a future-forward business. So says futurist Chris Riddell, the first ever Chief Digital Officer for Mars Incorporated and global futures advisor to the Australian Federal Police. During Genesys’ Humanity Reinvented: Beyond Tomorrow webinar, Riddell discouraged the audience of business

At a time of rapid global disruption across all industries, Australia’s utilities sector faces quite a specific risk. It needs to avoid falling victim to “the telco trap”. Around the world telecommunications companies invested billions in the hard, physical infrastructure required to deliver services. Then they watched as new global technology

The term digital disruption has been used to strike fear into the heart of executives faced with ever-rising consumer expectations and new agile competitors. But a new report from Gartner argues disruption can be a positive phenomenon. The report, Top 10 Myths About Digital Disruption authored by analyst David Smith,

The level of digital upheaval is growing around the world with a big increase in the number of board members who believe their organisations are being disrupted.  41 per cent of directors, up from 31 per cent last year, acknowledged the impact in the Harvey Nash/Alumni board report, released in London

Australian companies don’t have another 26 years of easy growth ahead of them. That’s the opinion of Paul Shetler, Stone and Chalk’s first expert in residence and former Chief Digital Officer of the Digital Transformation Agency. “You don’t have another 26 years of easy growth. It was a good ride

Facebook last week announced its intention to introduce metered pay walls to its “Instant Articles” offering, appeasing disgruntled news publishers in the process. The real test lies with consumers and if they embrace this new option or vote with their wallets and shy away from it all together? This post