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Disruptive innovation as a competitive advantage
Clayton Christensen is an acclaimed Harvard Business School Professor and author, who concentrates on innovation, particularly disruptive innovation, as a source of competitive advantage, economic growth and wealth creation.
In this video he discusses new ways of using technological innovation for jumpstarting business success. Maybe due to his personal experiences as a recent survivor of several major health scares his examples in this video, produced by HSM Global, draw heavily from the health sector, but do apply to other industries, such as financial services and accounting.
Enjoy!
Posted by Wolf Schumacher
The Software-as-a-Service dilemma for incumbent software vendors
We live in interesting times. As a SaaS vendor we were wondering how incumbent non-SaaS software vendors in the Australian Financial Services market would react to the market's increasing orientation toward the web. Would they stay with desktop / on-premise solutions or start to move into the space?
Judging by recent announcements in the financial press and other comments both is happening, almost following the book about disruptive innovations by coveted Harvard Business School professor Clayton Christensen.
What some traditional software vendors might struggle with is that developing SaaS applications changes the rules of almost everything they were used to in the desktop / on-premise applications world. Required are much more powerful database management systems, different skill sets by a new breed of software developers, an "always on" mindset, a move away from six monthly releases to constantly updated solutions and multi-tenant implementations as opposed to single instance systems. These are only a few of the disruptive elements of the Software-as-a-Service world.
From its humble beginnings twenty years ago the web is a space of collaboration and electronic networking, not one of fiefdoms and power struggles. Long established software vendors who intend to play the web only by their own antiquated rules will eventually loose the battle for the customers. APIs and Web Services are connection technologies that exemplify true collaboration. They are not technologies that only belong to the big and powerful.
Let Australian Financial Services software be a space where true collaboration and innovation rule. Your customers will thank you.
The 2010 article below describes in more detail how SaaS is potentially affecting incumbent software vendors.
Posted by Wolf Schumacher
