UCA Public Lecture (Online): Digital Disruption
Senior Enterprise Architect
Cisco CX Advisory
The lecturer will provide an introduction to a topic that is on many business leaders minds, and keeps some of them awake at night. It is the Digital disruption dilemma, and in particular what the potential is that will overturn incumbents and reshape markets faster than perhaps any force in history!
Shortly explained, digital business transformation is a journey to adopt and deploy digital technologies and business models to improve performance quantifiably. The first step of this journey is to grasp the need for change—an imperative driven by the inevitability of digital disruption. Simply put, digital disruption is the effect of digital technologies and business models on a company’s current value proposition, and its resulting market position
The lecture will also discuss the Global Center for Digital Business Transformation (DBT Center), an IMD and Cisco initiative, which is dedicated to original research and to creating opportunities for executives to innovate new business models for the digital age. To learn more about the current state of digital disruption and the outlook for industries, the Center surveyed 941 business leaders around the world in 12 industries. The results of the survey surfaced several troubling findings about the potential for disruption, and incumbents’ readiness to adapt. Survey respondents believe an average of roughly four of today’s top 10 incumbents (in terms of market share) in each industry will be displaced by digital disruption in the next five years.
Despite these dire ramifications, digital disruption is not seen as worthy of board-level attention in about 45 percent of companies (on average across industries). In addition, 43 percent of companies either do not acknowledge the risk of digital disruption, or have not addressed it sufficiently. Nearly a third are taking a “wait and see” approach, in hopes of emulating successful competitors. Only 25 percent describe their approach to digital disruption as proactive—willing to disrupt themselves in order to compete.
Mr Peter Thomsen has over 20 years of experience in communications and information technology and has worked as an Enterprise Architect over the past 12 years for Cisco, providing advisory services to major enterprises and service providers in Europe, Middle East and Africa.
Mr Thomsen specialises in all aspects of enterprise architecture and business to IT alignment. He has actively contributed to the enterprise architecture adoption within Cisco, and has delivered architecture standards and blueprints provided advice and mentoring in the areas of enterprise architecture and IT transformation. The activities associated with implementing enterprise architecture vary greatly between organisations, so each client engagement is a unique experience.
Mr Thomsen has a degree in Electronic Engineering specialised in Digital Technology, from the Danish Technical University. He is TOGAF 9 .1 certified, ITILv3 Foundation certified, Open Group Master Level Enterprise Architect certified and is an Open Group Board Member.
The lecture will be available through online video conferencing via Zoom: https://zoom.us/j/537015828, and at the University of Central Asia Central Administration Office (138 Toktogul Street, Bishkek, Kyrgyz Republic, 2nd Floor Seminar Room).
The lecture will be delivered in English.
Please confirm your participation by sending an e-mail to Ulanbek Sadybakasov: email@example.com.
Ideas presented in this lecture reflect the personal opinion of the speaker and do not necessarily represent the views of the University of Central Asia and/or its employees.