Exponential Times – Will Your Organization Adapt or Expire!
Digital transformation is either the worlds largest hoax or it is the most important single business modifier of our times. My opinion is that is no hoax. We live in exponential times and business model innovation tied to an ever increasing digital world is vital for organizations to adapt, survive and thrive.
Exponential Times refers to the fact that burying your head in the sand, while digital transformation occurs around you, and doing nothing is harmless until it is too late to react to sudden shifts in which case you face a fight to survive let alone thrive.
When I first show this image to people they think I am referring to the pace of technology change. No doubt technology is changing dramatically around us. What I am referring to though is the rate of business model change being enabled by rapidly shifting technology. For me digital transformation does not happen without business model innovation.