Digital disruption from the viewpoint of 500 Nordic executives

Tieto Future Perspectives

Digital disruption is shaping the Nordic business landscape

In 2016 and 2017, Tieto conducted the Future Perspectives study to deepen the insights of increased digital disruption - how business models and value chains are affected and what kinds of business possibilities will arise now and in the future.

This study was conducted via interviews and a questionnaire survey of 500 executives from a wide variety of industries in three Nordic countries - Sweden, Finland and Norway.

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Key finding #1

The speed of digital disruption hits a new gear in the Nordics

Digital disruption is getting faster and Nordic executives expect more radical digital disruption in the coming five years compared to the past five years.

But what is the root cause and why?

Tieto Future Perspectives - Raghunath KoduvayurThe speed of digital disruption hits a new gear in the Nordics

Key finding #2

We are in the next wave of business model innovation

82% of Nordic executives believe their value chain
will change drastically over the coming years and many business models will become extinct. The expected changes not only sweep horizontally through industries, but also vertically, affecting entire value chains.

Future Perspectives - Raghunath Koduvayur

Major changes to the value chain broken down by country. 

Key finding #3

Culture and leadership are key to new business possibilities

New digital opportunities are rising from new innovations, business models and value chains. This creates a “Valley of opportunity” that may yield huge potential. Those who can seize these opportunities at an early stage are likely to be big winners. Still, what's stopping them?

Future Perspectives - Leadership - Raghunath KoduvayurPercent of executives ready to make significant investments in their chosen opportunity domains, according to country.

 

Key finding #4

Future digital possibilities for Nordic businesses

How will the business models of the future look and what possibilities will emerge? How do Nordic leaders see the innovation landscape? Do we have a crystal ball?

Future Perspectives - Raghunath KoduvayurFuture digital possibilities for Nordic businesses

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General information about the insights

In 2016, Tieto conducted the Foresight 2020 study to understand the
cross-industry business opportunities projected to shape the future of business into the year 2020.

In 2016 and 2017, Tieto conducted the Future Perspectives study to deepen the insights of Foresight 2020 in particular. The Future Perspectives study provides expert thoughts and expectations about how technology-driven opportunities will unfold in the coming half-decade — specifically, how business models and value chains will be affected and what kinds of business possibilities will arise now and in the future.

Tieto’s Future Perspectives study was conducted via interviews and a questionnaire survey of executives from a wide variety of industries in three Nordic countries. Data was collected and analysed by the research company Kairos Future. 

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One that computer scientists have modelled using modern recurrent neural networks and other techniques, at least in principle. 

Read Taneli Tikka's blog about the topic >>>

 

More computing power. More bandwidth. More devices, more everything.

Tieto's Foresight study revealed 15 key areas of opportunities linked to developments in the industries through 2020. The opportunities are, in most cases, industry convergent and with a strong focus on technology developments.

 Download the study >>>

Contacts

Ahmad Qureshi

Head of Tieto Digitalization and Strategic Development

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Raghunath Koduvayur Head of Strategic Marketing

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