Getting ready for the 2014 conference season, it struck me that the technology revolution has moved from “E” to “D” – by that I mean Digital has replaced Electronic (as in E-Commerce) as the new “must have” conference title.
I remember back in the 1970’s when Digital was replacing Analogue – with the mass introduction of digital watches and calculators – so it amuses me to see it re-cycled. Obviously the generation adopting the word today don’t see the irony in it – nor do the companies inventing Digital divisions.
The serious point is that we’re struggling to articulate the impact of disruptive change on many axis simultaneously. Led by Cloud and Mobile and closely followed by Social Media, Big Data, the need for a secure on-line Identity and even ‘wearable’ technology (back to my old digital watch again) how do enterprises encapsulate the change ?
Cloud is probably the easiest to grasp as it is the most mature and is already releasing its technology potential, but now it needs to be recognised as commercial disruptor – it has already impacted traditional hosting vendors and subjugated “lock-in” contracts they felt were safe. Cloud provides not only a natural ‘leap frogging’ for new entrants into markets by reducing up front set up costs, but can also be a defensive strategy for those businesses trying to adapt to meet rapidly changing customer expectations and behaviours.
Mobile is a key driver changing behaviour – where the acceleration of mobile and tablet (e.g. non-PC) platform adoption is changing the location of the commercial interaction with customers. The mobility of smart phones and tablets has released the consumer from a seat at the desk (office or home PC) and consumers are “inviting” enterprises onto their commuter trains or into their sitting room as they ‘browse in the morning’ and ‘buy in the evening’.
Social Media has benefited from this informal interaction and given access to every review, post, tweet and blog – allowing research ahead of an eventual instore or online purchase – and making C2C communications the primary channel for feedback. Not only do we look up facts at the dinner table using our smart phones but we’re looking at everyone else’s opinion of that new camera, car or city-break as part of the selection process.
All that “opinion” needs a home and – adding it together with all the data produced from location tracking, monitoring and automated machine to machine communication – we have the exponential growth in the volume of data. Then you need tools and techniques to analyse that data (back to Cloud again).
Consumers are also demanding personal interaction which drives the need for Identity – allowing industries to start to drive up the quality and richness of exchanges to enhance customer experience.
So finally I come back to my original question – is my old Digital watch trendy again ?
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