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Let’s get digital My Platform Rules Conference – Gold Coast, February 2015.

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Presentation on theme: "Let’s get digital My Platform Rules Conference – Gold Coast, February 2015."— Presentation transcript:

1 Let’s get digital My Platform Rules Conference – Gold Coast, February 2015

2 In 1981 IBM’s 5150 PC is released to the market The Internet first mentioned Mobile telephones – still two years away Exxon Mobil the world’s biggest company Olivia Newton-John’s ‘let’s get physical’ is number 1

3 In GB RAM Computer 7.4b mobile connections globally Apple world’s largest company - $647b (Dec ) The ‘Internet of Things’ No 1 Song of last 12 months - Pharrell Williams ‘Happy’

4 Introducing the Panel Con Zeritis – IndustrieIT Peter McCarthy – MyProsperity Martina Touhey – Super Communications Mike Giles – Advice Connect

5 Digital disruption ‘Innovation in an existing market that uses digital tools, methods, and infrastructure to fundamentally alter the delivery of a product or service, undercutting incumbent companies in the process’ James McQuivey (2013)

6 Unbundling and decoupling Phase 1 - Internet 2.0 – digital unbundling –Google, Amazon, i-Tunes, Expedia Phase 2 - Digital decoupling Source: Thales S. Teixeira, Peter Jamieson, The Decoupling Effect of Digital Disruptors, Harvard Business Review, October 2014

7 Case Study: Uber Launched cities in 54 countries $40b valuation Target of disruption itself Value Adding Activity Non Value adding activity Rented transportation Travelling A to B, safety Queuing, waiting, uncertainty, payment, car licensing Car Ownership Use Maintain

8 The impact of the smartphone YearPC's (millions)Mobile PhonesTablets 2015 (est).3211, , , , Source, BI Intelligence, Gartner, Statistica 75% of sales Sociological impact Anytime, anywhere, any device

9 Disruption or redistribution? Permanent redistribution of power through access to new information and technologies –From institutions and businesses to consumers and individuals –From the slow moving to the agile –To the adopters of customer-centric business models

10 Today’s flight path RIP Financial Advisors Aggregate or or bust. The end of Banks as we know them.


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