Industries and businesses around the world are being disrupted and transformed. Here's a list of top industries that are being disrupted by Digital Transformation today:
- Video Entertainment: Blockbuster vs Netflix
- Transportation: Taxis & Limo Services vs Uber & Lyft
- Hospitality: Hotels vs Airbnb
- Telecom: Traditional Office Phone Systems vs VOIP Cloud Systems
- Real Estate: Paper Contracts vs eSignatures
- Classified Advertising: Newspapers vs Craigslist
- Music: CD Stores vs Apple iTunes vs Pandora & Spotify on Smartphones
- Publishing: Paper Books, Newspapers and Magazines vs Smartphone & Tablet Magazine Apps
- Retail: Local Stores vs Amazon Website with 2-hour, 1-day or 2-day deliveries
- Oil & Gas: Pumping Oil & Gas vs Fracking Oil & Gas
- Travel: Travel Agents vs Expedia & Priceline & "Hotel Tonight" App
- Auto: GM / Ford / Toyota vs Tesla's electric with overnight auto software updates
- Healthcare: Face-to-Face visits vs Video or Phone appointments / visits
- Banking: Traditional Sm Biz Loans 2-8wks vs 24-72hrs Sm Biz Loans (Financial Tech Startups up to $150k)
- Auto Insurance: Traditional Annual Policy vs Policy based on miles
- Internet Connection: Cable & Phone Companies (10-20mb speed) vs Google Fiber Internet (1,000mb speed)
- Technology: Corporate Data Centers vs Cloud Services (Amazon AWS, Google Cloud or Microsoft Azure)
- Food / Food Delivery: Independent pizzerias and eateries vs Domino's, Papa John's, Munchery, Blue Apron, UberEats, Caviar and DoorDash
Call to Action
Look around your industry and other businesses. If you are not actively evaluating your organization and digitally transforming it today, you should be. Please do not ignore this mega-trend.
Contact us if you have any questions about Digital Transformation for your business.
... or if you're not quite ready to talk today and want more info on how to get started, or if you are in the middle of major initiatives, sign up to receive our monthly Digital Transformation eNewsletter. It will keep you up-to-date on new important trends and technologies that you need to know.
Photo Credit: Barry Ross @ rossross.com