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¿Does Digitization Divide?

Post by: On:Wednesday, 12 December 2018

In today’s economy, the general trend clearly indicates that some major organizations make use of digitization almost fully while the others only benefit partially, or even worse, just focus on traditional strengths.

Basically, digitization is based on networks. There can be connections between people and things, between things and things, and between people and people, companies included. These are not only ICT networks, IoT networks, or social networks, but also existing as well as new specialized networks between companies.

Recent studies show that a quarter to a third of all traditional companies fear for their existence. Traditional companies try to understand digitization backwards, with 20/20 hindsight; but it must be developed forwards, which is uncomfortable for managers as it entails risk and uncertainty.

Furthermore, digitization always leads to some unaccustomed openness (Panama Papers is an extreme example, Open Innovation another one), which can be difficult to deal with in traditional business processes. We notice that primarily really large corporations, often in conjunction with startups with the mindset of the Silicon Valley, Singapore, Israel, or China are the ones that benefit, while many others are falling further and further behind. Recent studies show that a quarter to a third of all traditional companies fear for their existence. Traditional companies try to understand digitization backwards, with 20/20 hindsight; but it must be developed forwards, which is uncomfortable for managers as it entails risk and uncertainty. The leaders of those companies often speak in a modern way and appear competent, but actually think in an old-fashioned manner. In short, the digital divide is a reality.

The digital divide has many faces: economic and technological ones as outlined before, but also political and social faces. The digital divide is a global intellectual issue.

We contribute to a solution for this global digital divide challenge faced by manufacturing industries by helping recompose their business and innovation process in new ways.

Please ask for further details or let us talk to you about this fascinating project!

 

Quotes we like

"Every company needs two marketing departments, one that has mastered the tactics of getting rid of today's products and the other that has mastered the strategy of imagining tomorrow's products."

Philip Kotler

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