BIG DATA
INDUSTRY
DISRUPTION
INDICATORS
By Timothy Oriedo
I
n the recent past a number
of events unfolded that point
towards the maturity of our
business environment towards
exposure to digital disruptiveness.
Standard Chartered Bank and
Barclays bank announced a notice
to close of at least 7 Branches
each across the country signaling
toughening times. Much to the
relive of the employees, both
banks assured that they will be
redeployed to other functions.
It would be worth to take note
the underlying wave sweeping
across the globe is fuelled by the
4th Industrial revolution and
it is unstoppable. The banking
industry having matured in use
of performance measurement
tools will always lead the pack
in adoption of lean strategy in
response to the disruptive wave.
However other industries will
need to follow suit and start
re-adjusting their respective
business models in line with the
seismic waves that have shifted
the tectonic foundations that most
traditional businesses are built
against.
One other industry high in
‘‘ It would be worth to take note the
underlying wave sweeping across the globe is
fuelled by the 4th Industrial revolution and it
is unstoppable. The banking industry having
matured in use of performance measurement
tools will always lead the pack in adoption of
lean strategy in response to the disruptive
wave.”
42 MAL 19/17 ISSUE
exposure is retail, largely hinged
at the hip joint with the financial
sector in regards to consumer focus
and access to credit. The later
vindicated by the unfolding woes
bedeviling the giant local retail
chain Nakumatt which has set
in motion a raft of optimization
measures including closures of
branches and re-negotiation of
salary payments with staff.
Whilst continuous efforts are
being done to turn around the
business, it would be worth looking
at the role of the Real estate in the
current woes facing the retailer.
The third industry with a high
disruptiveness index is the TMT
– Telecommunication, Media and
Technology. The Communication
Authority of Kenya released
Q1 2017 Report with glaring
reports of Airtel Money having
lost market share by 5million and
its voice division ceding 16%.
Business leaders in the TMT
appear to be caught unprepared by
the emerging disruptive wave and
a number of players in the sector
reacting a tad a bit late.