It was early morning, I went to the office, walked to my desk, opened my laptop then I opened an email that confirmed the rumours that I heard over weeks, it was an official communication that mentioned the company has started the downsizing plan that would affects over 300 people from all level of the organization directors, managers, analyst, developers and administrative staff. The day was supposed to be a business day as usual, it was a disrupted day.
Few weeks later, many colleagues were leaving the company against their will.
Some of them were people who have a lot of experience with obsolete technology. They do the same thing year after year but now their skills do not fit the market need well.
These people would have problems finding jobs and might need assistance during their career transition, retraining, acquiring new skills and finding another kind of job.
Each of us can be in a similar situation.
” TECHNOLOGIES DISRUPT OUR WORK AND LIFE“
Do you know the top disruptors in Project Management ?
- Cloud Solution: Service or group of services such computer power, storage and applications.
- IoT ( Internet of Thing): Connect objects to the internet.
- AI ( Artificial Intelligence): Re-create human intelligence in machines.
The results are based on a PMI in-depth online research of 1 730 project management professionals globally in 2018, in-depth interviews with PMO directors and seven C-suite executives from major national and multinational corporations.
The PMI analyzed the performance level of the companies based on the organization’s strategic priorities, risk profile, change management and use of these new technologies. Two performance levels were defined.
Innovators:
The top 12% of the organizations in the survey. High performing organizations, mature digitalization transformation strategy, risk tolerant and consider the adoption of disruptive technologies a high organizational priority
Laggards:
The bottom 14% of the organization in the survey. Slower to adopt disruptive technology, immature digital transformation strategy or not digital transformation strategy at all, risk averse, consider the adoption of disruptive technology a low organizational priority.
91% of the organizations are being impacted by disruptive technologies. The disruptors happen by establishing new technologies and changing the global marketplace.
Disruptors address gaps in the market that is the difference between demands (customer needs) and the supply ( product or service from companies) that fulfils the demands in the market, the companies re-evaluate strategies to not lose revenue and close down as Blockbuster did.
HOW CAN WE TAKE ADVANTAGE OF THE TOP 3 DISRUPTORS?
1. Cloud Solution:
84% of innovators mentioned that cloud is giving them competitive advantages, compared to 57% of laggards.
Using cloud solutions can increase flexibility and lower costs in your organization. Cloud gives you access to a pool of resources, storages, infrastructure, services. Spending less time and work effort on administrative staff like upgrading the system.
2. IoT ( Internet of Thing):
62 % of innovators say IoT is giving their organization a competitive advantage, compared to just 26% of laggards
IoT enables us to connect devices, exchange data within the current infrastructure.
It also increases data management, more accurate data-driven decision making.
3. AI (Artificial Intelligence):
60% of innovators mentioned AI is giving their organization a competitive advantage, compared to just 22% of laggards.
AI can reduce human error in developing budget, predicting cost overruns and scheduling.
How will we be prepared for the disruptive environment of tomorrow ?
Project management, strategy implementation is delivered by project management. The organizations that invest in project management practices get better project outcomes and benefits such as:
Exceed expectations with disruptive technologies.
Majority of innovators meet or exceed business objectives.
CONCLUSION
As we are living in a global market, organizations face global competitors, disruptive technologies and changing market demands.
We can view disruptive technology as a competitive advantage, develop project management capabilities and have new ways of customer experience.
REFERENCES
Maximize benefits disruptive technologies projects, PMI´s Pulse of the Profession.
