3 Ways A Bold Attitude Toward Disruption Will Help Your Business Grow
The Mindset of A Fearless IT Leader
Ask anyone in the tech industry and they will tell you: disruption is the new norm. This concept is more than just a buzz phrase -- it reflects a fundamental change in the modern economy. Traditional approaches to innovation have become outdated because new technologies are arising so often and revolutionizing industries so rapidly.
Organizations that fail to adapt their strategies to this new reality risk falling behind their more agile competitors -- whereas those willing to get bold about exploring new opportunities will undoubtedly be the leaders of tomorrow. In this article, we will discuss three of the biggest paradigm shifts required to position yourself as an IT trailblazer.
1. Reject Band-Aid Approaches to IT Problems.
Conventional wisdom says, “if it ain’t broke, don’t fix it.” This reactionary approach to problem-solving also inspires lots of band-aid type solutions. For example, a company using outdated CRM software might hire a developer to make clunky adaptations to their existing system rather than investing the time and money into new software.
Obviously, the costs and challenges of implementing new software are daunting -- but with technology improving so quickly, the costs and challenges of getting left behind are far greater. Rather than waiting for the problems your business faces to become so large they cannot be ignored, get proactive!
2. Reevaluate Your Perception of Risk
Earlier in this article, we mentioned an important word: agility. One of the most important reasons why small businesses occasionally disrupt industries dominated by huge corporations is the fact that small companies tend to be so flexible, whereas large organizations tend to be slow and resistant to change.
There are reasons why big businesses change slowly: changing a formula that led to success in the past can be scary. However, because technology is simultaneously becoming more affordable and more powerful, traditional risk-to-reward paradigms have become deceptively skewed. In other words, the potential rewards of investing in new tech are growing, as the potential risks are shrinking. Smart leaders know how to take advantage of this unique opportunity.
3. Invest in the “Essential Eight”
A 2016 project by Pricewaterhousecoopers entitled the “essential eight” has become an important guide for business leaders aiming to invest in the future. Built upon research that “scoured the marketplace of makers, venture capitalists, [and] universities,” PwC evaluated more than 150 emerging technologies before releasing an influential list of eight fields that will dominate the future.
The essential eight are: Artificial Intelligence, Augmented Reality, Blockchain, Drones, the Internet of Things, Robots, Virtual Reality, and 3D Printing. Here at Epik Networks, we are particularly intrigued by the Internet of Things -- if you would like to learn why, consider checking out this article from IT Toolbox entitled VOIP and the Internet of Things: A Match Made in Tech Heaven?
Considering new ways technology can help your business grow? Visit Epik Networks online today for more info on how our VOIP and Unified Communications technologies can work for you!