Pic:Courtesy of innovationsformnch.org |
The concept of Digital Disruption refers to the disturbances
that occur in markets that upset the value proposition of goods and services as
a result of innovations or new value-adding uses of Information and
Communication Technology (ICT) and new business models.
The growth in use of
new ICT, by both consumers and organizations has had a revolutionary change on
buying behaviour and the production and supply of goods and services and on
business models. Innovation itself can be in the form of ideas, business
models, technology or processes that are scalable at a reasonable cost and that
meet a customer’s need .
Therefore, digital disruptions refer to more than just new
technological inventions and engineering breakthroughs that displace old
technology which other researchers have called disruptive technologies. It is
important for organizations to pay attention and respond to digital disruptions
which redefine the basis of competition and create new markets.
Research has shown
that organisations that fail to reinvent themselves and adapt to these new
trends lose their competitive edge and may even fold. Contrary, the
organisations that reinvent themselves through application of innovation of new
products or processes and creative use of information flourish in new and
uncontested markets, which marketing
gurus Kim and Maurborgne have defined as
blue oceans.
Therefore, any
organization or entrepreneur that uses creativity to apply information,
imagination and adds value to already existing products or services can be
termed innovative and it is this innovativeness that enable organizations to
sail through turbulence s posed by the digital disruptions.
In the healthcare industry in Africa and in Malawi, major
digital disruptions are in areas such as data or knowledge management, health service
delivery, business models and insurance.
In recent years,
healthcare has experienced innovations that have gradually improved processes
overtime called incremental innovations. However, healthcare is still
experiencing innovations that are highly uncertain, those that explore new
technology and focus on products or services with unparalleled performance
feature use described as radical innovations. Radical innovations include
drones or Unmanned Ariel Vehicles (UAVs). These are currently being tested by
UNICEF in Malawi for fast delivery of HIV test results on newborns.
The Internet of Medical Things (IoMT) which refers to a
universe of connected devices, including wearable body sensors like watches
that tell vital signs and connect to other digital devices are all examples of
radical innovations that are raising customer expectations, today, in Malawi
and Africa as a whole.
Radical or
incremental innovation in healthcare have affected customer needs and
expectations in various ways. For example today’s healthcare consumers, the
patients, now expect more customized healthcare and increased participation in
choosing health data and services. In my next post, I present insights on positioning your organisation to ride the wave of digital disruptions. We tackle, collaboration, co-creation, innovation and restructuring marketing functions for disruptive times.
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