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by Thomas M. Siebel
Premium summary · Opens in the app · 30 min read
In 2000, Blockbuster dominated video rental. It had thousands of stores, billions in revenue, and a brand recognized around the world. That same year, a small startup called Netflix approached Blockbuster with an offer to run its online operations. Blockbuster declined. Ten years later, Blockbuster filed for bankruptcy. Netflix is now worth hundreds of billions of dollars.
**Author:** Thomas M. Siebel
**Estimated Reading Time:** 45 minutes
**What You'll Learn:**
- Why the average lifespan of major corporations has collapsed from 60 years to under 20 - How cloud computing, big data, AI, and IoT are converging to reshape every industry - What separates companies that successfully transform from those that disappear - Why CEO leadership is non-negotiable for digital transformation - How to build a practical roadmap for your organization's survival
**Who This Book Is For:**
Business leaders who sense that the ground is shifting beneath their feet. Executives who know that technology is changing their industry but cannot articulate exactly how or what to do about it. Entrepreneurs building companies for the next decade rather than the last one. Anyone who wants to understand why some of the most powerful companies of the past century no longer exist, and what that means for the organizations they work for today.
In 2000, Blockbuster dominated video rental. It had thousands of stores, billions in revenue, and a brand recognized around the world. That same year, a small startup called Netflix approached Blockbuster with an offer to run its online operations. Blockbuster declined. Ten years later, Blockbuster filed for bankruptcy. Netflix is now worth hundreds of billions of dollars. This story is not unique. It is not even unusual. It is the new normal. The average lifespan of an S&P 500 company has fallen from roughly 60 years in the 1950s to under 20 years today. Half of the companies that made up the Fortune 500 in the year 2000 are no longer on the list. Some were acquired. Many simply ceased to exist. The names that once seemed invincible, Kodak, Borders, Sears, Toys "R" Us, are now case studies in failure. What happened? The simple answer is that the world changed and these companies did not. The more precise answer is that digital transformation reshaped their industries, and they failed to respond. Thomas Siebel has spent more than four decades in Silicon Valley. He founded Siebel Systems, which became one of the fastest-growing technology companies of the 1990s before being acquired by Oracle. He now leads C3.ai, an enterprise artificial intelligence company. Over the course of his career, he has had a front-row seat to wave after wave of technological disruption. He has watched companies embrace change and thrive. He has watched others ignore it and die. This book is his warning and his playbook. The central argument is simple and stark: companies that fail to digitally transform will be prime targets for extinction. This is not hyperbole. It is not a metaphor. It is a pattern that has already claimed thousands of companies and will claim thousands…
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Get the complete summary in the appCompanies that fail to digitally transform will not survive. The average lifespan of major corporations has fallen from
Digital transformation is not digitization. It is fundamentally changing how a company operates and creates value, not j
Four technologies drive transformation: cloud computing, big data, AI, and IoT. They work together as an integrated syst
Cloud computing is the foundation. It changes the economics of innovation and enables scale that was previously impossib
Data is a strategic asset. The companies that collect, process, and analyze data effectively gain advantages that are di
AI is a general-purpose technology that will transform every industry. It augments human capabilities and enables automa
"Digital Transformation" is a strong fit if you want practical ideas around business, technology, leadership, especially themes like companies that fail to digitally transform will not survive. the average lifespan of major corporations has fallen from; digital transformation is not digitization. it is fundamentally changing how a company operates and creates value, not j. The MinuteRead summary distills these concepts into a focused read, whether you're deciding whether to buy the book or applying its lessons at work.
Motivated to help readers with "Companies that fail to digitally transform will be prime targets." Extinction looms, Thomas M. Siebel wrote “Digital Transformation” to package those ideas for a fast, focused read. In “Digital Transformation”, Thomas M. Siebel focuses on "Companies that fail to digitally transform will be prime targets." Extinction looms. Through “Digital Transformation”, Thomas M. Siebel distills the core ideas on business into lessons readers can absorb in a single short sittin…
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