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By Nicholas D. Evans

This day, businesses world wide are making use of electronic transformation to revamp conventional enterprise types and methods within the context of recent disruptive applied sciences, digitally-savvy shoppers, and our globally hooked up society. This strategic consultant for enterprise and IT executives specializes in how todays so much disruptive applied sciences (including social, cellular, analytics, cloud, wearables, clever automation, robotics, and the IoT) could be utilized in strong mixtures, including platform company types, mastery of electronic prone, and top practices in company innovation, that can assist you boost and execute your electronic innovations for aggressive virtue.

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But is it really doing anything more than giving directions to drivers on their mobile device so they can find open parking spaces in the city? Surely that’s just an incremental value-add, and hardly transformative. It’s just going to save me a few minutes in finding a parking spot. When you take an in-depth look at smart parking, however, you’ll find some truly transformational aspects to the digital business model – what you might call some ‘hidden disruptions’. First, smart parking has obvious benefits for drivers, but it also has transformational aspects for cities and also for the transportation industry as a whole.

The temporary car insurance offered by UK companies such as TempCover, DayInsure and InsureDaily is one example, with policies offered from 1 to 28 days. Of course, in addition to simply unbundling traditional service packages, new digitally based services can also be offered and micro-segmented down to highly granular levels in terms of usage, whether it’s micro-payments, micro-transactions or any other form of measureable usage parameter. In addition to creating new options for digitising products and services, this is also leading to new options for monetisation, which go hand in hand with these new offerings.

The threat of digital disruption) is impacting these traditional forces – creating both threats and opportunities – and the rationale for how and why digital is making such a transformational impact. 2 New digital threats impacting the Five Forces Model 1. The entry of new competitors There’s no doubt that digital business is changing the nature of competition. Today, it’s not just traditional industry competitors you need to worry about, but new entrants from outside your industry, equipped with new digitally based business models and value propositions.

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