The IT sector is at another turning point as mobile devices dampen the demand for PCs – just as PCs formerly dampened and then buried the demand for minicomputers. Simultaneously, the purchase of new on-premise servers and licensed software is being displaced by public cloud infrastructure and software services. Add cybersecurity as another question mark for the next decade. In sum, this transformation points to an era of “creative destruction,” in the phrase coined by the Austrian economist on entrepreneurship Joseph Schumpeter. As agile and often new firms will produce creative new solutions, slow-footed companies will be destroyed.
These two prospects will require special assessment: the new companies rising to these opportunities and the old companies threatened by impending change. What lessons can be learned from the histories of corporate rises and falls during equally ferocious transformations of the past?
Ernest von Simson, a senior partner of Ostriker von Simson, a consultancy that assists the largest worldwide enterprises in the selection and deployment of advanced technologies, and author of The Limits of Strategy: Lessons in Leadership from the Computer Industry, has identified five key lessons.
Many CIOs are enthused by the potential of the Internet of Things, Big Data and cloud computing, but are uncertain as to whether they are prepared to maintain an IT workforce with all the necessary skills to support it. ... More >>
Once again, Glassdoor has combed through tens of thousands of interview questions shared by job candidates over the past year to find some pretty spectacular oddballs. ... More >>
You have six seconds to make a great first impression. Go! Recruiters don't give much time to resumes, so it's essential that yours is on the mark. ... More >>