The share of the Australian economy impacted by disruption is about to grow from just 15% to nearly 60%. Disruption in the TMT, Retail, Travel and Transport sectors is well understood. However, our new Disruption Framework suggests that Financial Services, Professional Services, Manufacturing and Education are now ripe for disruption. Businesses must embrace change by understanding its driving forces. This report provides a framework for doing just that.
Rapid advances in technology enable new solutions to old problems. The resulting disruption is transforming value chains, creating new business models and allowing new players to override the conventional way of doing business. The result is massive, continuous and even relentless change. We have assessed the top 15 sectors of the Australian economy using our proprietary Disruption Framework, to identify those most at risk.