Out these two alternatives in your city, which one would you choose if you need a lift from A to B?:
- Option 1, Taxi: you go down to the street, look for it, wait till one that is free, you do not know what is going to cost you, and the car is five years old or more.
- Option 2, Uber: by means of an APP you have the taxi under your house at the agreed time, you know in advance what it will cost you, they serve you water, and is a Brand new car.
- Option 1: the large company (Tesco, British Airways, Ford, VW), contracts a global consultancy services provider to carry out the specific project in question. The services concludes being too slow, not customized and too expensive.
- Option 2: the large company contacts a small start-up that offers a disruptive, fast, flexible and cheap technology, especially in comparison with the Global Services Consultancy. On top of that, they are able to adapt to your company's systems, synchronize them and create an ad-hoc tool.
I imagine that the vast majority would decide to go again for option 2. Although both cases are a simplification of the reality, what I am describing is really happening and is real and happening in each and every sector and business: option 2 is gaining more and more followers. The big companies are realizing how complicated it is to innovate within their organizations, think outside the box and attract talent from outside, due to the high inefficiencies they have internally, lack of cross-functional processes and departments working in silos. And the Global Consultants do not solve the problem because they suffer from similar dynamics and their structures are rigid as well, ending up in a situation where they look for solutions outside to charge the end customer around 40%.
So, how to access this option 2 (disruptive technology and at a convenient price)? These are the existing trends:
- Alternative 1, screen yourself the market in search of those companies that can solve the problem: it has several drawbacks, among them the lack of experience and knowledge in the technology to be discussed, the lack of empowerment, and the lack of accountability by the
people doing this research. - Alternative 2, create an acceleration program internally (see example of SEAT): it requires your staff to have the necessary experience to mentor the start up. As an advantage, you have total control of the situation as well as the outcome of the activity.
- Alternative 3, count on specialized companies that capture this talent: in this regards, incubators and accelerators are targeting with specific programs big companies that need to solve complex problems that they are not able to solve, or cover the existing gap between the big company and the technological start-ups,
Without falling into the precarious work that the uberization of the economy is bringing, the uberization of technology eliminates intermediaries, customizes the product and reduces costs ostensibly. There is no doubt that it is a stage that more than one large company will go through, and that we are heading into this direction.
In addition to this, another incentive: SMEs can also benefit terribly from this trend: fortunately for them, the uberization of technology has allowed them to gain access to this technology that was previously reserved only for large corporations.
Being said that, it is important to keep in mind the following: as of today, technology and therefore the society, go much faster than the laws. And this is the paradigm that we are currently living: the massive amount of information we have, the immediacy of it, provokes the States not to be prepared and a late and incoherent legislation generating frustration among citizens.
Therefore, nowadays, more than ever, it is essential to have governors who have a precise vision of where we are heading to.
