Digital services centered on increasingly empowered consumers will bring disruption to the automotive industry. Economic value within this industry and across adjacent markets will be forever altered. In a world where the future is far from certain, automotive companies will need to develop new core capabilities to survive.
In the alphabet soup that is today’s crowded C-suite, few roles attract as much attention as that of the chief digital officer, or CDO. While the position isn’t exactly new, what’s required of the average CDO is. Gone are the days of being responsible for introducing basic digital capabilities and perhaps piloting a handful of initiatives. The CDO is now a “transformer in chief,” charged with coordinating and managing comprehensive changes that address everything from updating how a company works to building out entirely new businesses. And he or she must make progress quickly.
The Sunday Times Hiscox Tech Track 100 league table ranks Britain's 100 private tech (TMT) companies with the fastest-growing sales over the latest three years.
The Wall Street Journal has reported that tech companies made up only 11% of year-to-date IPOs, the lowest percentage since 2008. Amazingly – or rather disturbingly depending on your viewpoint - VC investors now have at least 117 companies valued at US$1Bn or more (ie the Unicorns), and the investors may be facing an IPO market that will not allow them to cash out.
MIT Sloan Management Review's 2015 Digital Business Report is clear: Go digital, or risk losing top talent. It highlights two surprising insights that have profound implications for your organisation’s digital initiatives:
The 2015 Ofcom Market Communications Report includes interesting statistics on consumer attitudes to eCommerce and what influences purchase decisions.