INTELLIGENT SOFTWARE BUSINESS
PREDICTIONS 2018
Daryl Plummer, Vice President and Gartner
Fellow, Distinguished.
Digital giants will self-disrupt,
false news will take command
As we move into 2018, the digital giant shake-out increases tempo and AI driven
false news begins to take hold, describes Gartner’s Daryl Plummer.
T
echnology-based innovation
is arriving faster than most
organisations can keep up with.
Before one innovation is implemented,
two others arrive. CIOs in end-user
organisations will need to develop a pace
that can be sustained no matter what the
future holds. Those who seek value from
technology-based options must move
faster as their digital business efforts
move into high gear. Speed of change will
require variability of skills and capabilities
to address rising challenges. to run into situations where their influence
has grown so large that it is difficult to
create new value scenarios. This ultimately
leads to self-disruption. In a self-disrupting
strategy, disruption arises as intentional
intent to get there first, even if it is necessary
to disrupt yourself. While this can be risky,
risk of inaction can be even higher.
The digital giants have a vested interest
in innovation continuing to accelerate.
Therefore, leaders in the digital space
must continuously seek to create new
opportunities, including self-disruption.
By 2020, five of the top seven
digital giants will willfully
self-disrupt to create their next
leadership opportunity By the end of 2020, the banking
industry will derive $1 billion
in business value from the
use of blockchain-based
cryptocurrencies
In doing new things, digital giants — such as
Alibaba, Amazon, Apple, Baidu, Facebook,
Google, Microsoft and Tencent — are likely
46
The current combined value of
cryptocurrencies in circulation worldwide
is $155 billon, and this value has
been increasing as tokens continue to
proliferate and market interest grows.
Cryptocurrencies are more mature than
the technical and business infrastructure
that supports them. This is, in part,
due to the lack of credibility tokenised
developments have received from
mainstream businesses.
However, once banks start to see
cryptocurrencies and digital assets in the
same context as more traditional financial
instruments, more distributed business
value will begin to accrue. This requires
every industry to rethink aspects of
current fiat-based business models such as
pricing of goods and services, accounting
and tax methods, payment systems,
and risk management capabilities to
accommodate these new forms of value in
their business strategies.
Issue 14
INTELLIGENT TECH CHANNELS