Playing Defense: Companies Are Taking A Cautious Approach To Disruption

  • 📰 Forbes
  • ⏱ Reading Time:
  • 89 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Playing defense: Companies are taking a cautious approach to disruption paid Deloitte

We often hear about the exciting disruptors - those businesses who harness new technology in a way that changes their industries forever.A decade ago, many companies could achieve competitive advantage by embracing innovations and trends that were already underway. Today this kind of reactive approach is no longer enough.

This apparent lack of aggressiveness can’t be blamed on a lack of money: Just one-quarter cite funding as a primary challenge with respect to investment in Industry 4.0 technologies. So, what is holding leaders back from embracing disruptive technologies? Quite a few things, as it turns out:As they consider the challenges that stymie their abilities to invest in Industry 4.0 technologies, nearly half of respondents believe their organizations are overly focused on short-term results.

, discusses how companies can be deliberate about sensing and evaluating emerging technologies. And how, by focusing their attention on a meaningful collection of known technologies and catalysts, companies can shape their ambitions, focus investments, and chart a path to tomorrow.When asked if they have been effective at preparing for the impact that new solutions will have on society , just 37 percent of executives said “yes.

While leaders are beginning to acknowledge ethical concerns, few companies are actively discussing the subject, let alone acting on it. Less than half of leaders say their organizations completely understand the potential ethical ramifications of Industry 4.0 technologies; just 29 percent report even discussing ethical concerns. From there, the drop-off continues: Only 12 percent are exploring policies, or already have them in place, related to the ethical use of Industry 4.0 technologies.

While a cautious approach to technology investing is understandable considering all the challenges related to advanced technologies, don’t miss the window of opportunity. Develop a systematic approach for identifying and harnessing opportunities born at the intersection of technology and business to fuel disruptive change.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Poison pills': Pentagon tells EU not to block U.S. companies from defense pactA new European Union military pact risks shutting American companies out of defe... Tells? The EU is finally paying dues, thanks to Trump, and they want to make sure it employs thier people. You understand that the bellicose statements made by Trump et al for the EU to spend more on military is in reality Trump et al saying the EU has to buy more American armaments - the issue isn't as much spending on security as it is supporting overpriced armament manufacturers
Source: Reuters - 🏆 2. / 97 Read more »

Pentagon warns EU against blocking U.S. companies from defense pactA new European military pact risks shutting American companies out of defense co... Can EU countries freely sell to USA and get grants from USA to develop weapon systems? Patricia Negron reporting Truth on Iran FalseFlags JulianAssange Venezuela & Revolution! (Push cursor along through censorship glitches or refresh.) LINK: Bet potus would rather sell US kit, it's 1000% more productive than nato and a lot less fraught with zero return headachy politics.
Source: Reuters - 🏆 2. / 97 Read more »

Berkshire takes $377 million charge tied to solar company that U.S. linked to fraudWarren Buffett's Berkshire Hathaway Inc on Wednesday said a $377 million ch...
Source: Reuters - 🏆 2. / 97 Read more »

Bernie Sanders Takes Aim at Credit Card CompaniesDemocratic presidential candidate Bernie Sanders proposed legislation to cap credit card interest rates at 15%, likening bankers to gangster loan sharks of old cinema. how about Congress not even getting paid while we are at it? No mention of AOC ?! He really doesn’t know what he wants , HE IS A MASTER OF NONE .
Source: WSJ - 🏆 98. / 63 Read more »

Uber drivers' strike takes off in front of company headquarters ahead of $90 billion IPORideshare drivers across the world are boycotting Uber for as long as 24 hours today, demanding fare increases and lower commissions paid to Uber. Or they could get another job I had 0 problem getting an uber today. Wouldn’t even have known there was a strike Striking on a company that isn't showing a sign of making money yet.
Source: CNBC - 🏆 12. / 72 Read more »