digital disruption

Australia’s C-Suite is frightened about new business models, but doing nothing about new business models
Australian C-suite executives are far more concerned than their global counterparts about adapting to new business models able but have no intention of investing long term in the digital capabilities required to build new business models. Further reading – COVER STORY: After A Year Of COVID, CEOs Say Digital Acceleration

COVER STORY: Focus on the disruption, not the disrupter, researchers warn
There is little evidence to link the hype of disruption in some industries with reality, according to a new paper called Lifting the lid on disruption fever. In fact, using the fear of disruption to drive the wrong kinds of changes can be dangerous to business, especially if the focus

Businesses Struggle to Understand the disruptive risk of Technology: Accenture
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

Digital will create a two-sided energy market in Australia, says AEMC
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

Companies need to be prepared to disrupt themselves, says Telstra CEO
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

COVER STORY: Slow Burn in the Commercial Property Sector Won’t Save Giants from Disruption
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

Why culture is critical to the future of business
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

Cover Story: Utilities are being disrupted. Can the industry keep up?
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

Gartner highlights the biggest myths surrounding digital disruption
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,

Awareness of digital is growing but boards are still searching for strategies
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