The biggest impediment to a company's future success is its past success.
— Dan Schulman, CEO of PayPal
The biggest impediment to a company's future success is its past success.
— Dan Schulman, CEO of PayPal
Marc Andreessen, the famous VC from Andressen-Horowitz, published an article in the Wall Street Journal on Why Software is Eating the World. In the last two decades, digital startups have disrupted many large industries including retail, media and transportation. The increasing pace of automation and digitization is only increasing the rate of this digital disruption.
Most traditional businesses today face an existential threat — the threat of being eaten by software. Digital Transformation, or DX for short, is how they counter this threat and create strategic opportunities. Walmart's online store or Comcast's content distribution platforms are initiatives towards a digital transformation of their traditional businesses.
Small-to-medium businesses (SMBs), especially those in the B2B service industry, have a unique opportunity to undertake digital transformation. Recent developments in technology such as affordable cloud computing, the growing API economy and public availability of Artificial Intelligence technologies have made it very affordable for SMBs to experiment with digitization. At LambdaZen, we partner with SMBs to implement their digital transformations strategies.
So, how can SMBs identify DX initiatives? At LambdaZen, we see two patterns:
We would love to collaborate with you to identify and implement DX initiatives.