This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.

Mike Daly

| 1 minute read

An industry teetering toward collapse

Sad when you view the human loss but inevitable when an industry and its regulators do not anticipate the impact of digital transformation.

Uber, Lyft & Via brought together two key pieces of information and joined them by context. 

A passenger wanting a ride and a driver available for hire joined by proximity i.e. I want the ride and I want it now. Not in 15 minutes.

Customers all expect services and products that are perfect; no hassle to find and consume and available where and when I want them.

The challenge for incumbent analogue leaders in every segment is that if they don't act they'll follow Chicago Cab Drivers.

  • Hotels
  • Insurers
  • Retailers
  • Drainage 
  • Asset Management
  • Facilities Management
  • List goes on and on

But analogue companies have strengths they can utilise to nullify the threat as long as they don't delay.

Read "Jerk- 12 Steps to Rule the World" by Chris Surdak. 

Chris and I worked together when Hilton Hotels business was being cannibalised by Travelocity, Expedia and other digital disrupters. I can vouch for his good advice and actionable insights. 

It's a helter skelter of a ride but hell- it's worth it! 

According to global Big Data expert Douglas Laney of Gartner, “Chris Surdak takes the reader on a wild ride through space and time to encapsulate our information-driven economy, and how a special class of people and organizations – ‘Jerks’ – are poised to capitalize best on this phenomenon.”

About 42% of Chicago’s taxi fleet was not operating in the month of March, and cabbies have seen their revenue slide for their long-beleaguered industry by nearly 40% over the last three years as riders are increasingly ditching cabs for ride-hailing apps Uber, Lyft and Via, according to a study released Monday by the Chicago cab drivers union.