Taking Advantage of Digital Disruption in Travel and Expense

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Transcript of Taking Advantage of Digital Disruption in Travel and Expense

Making Leaders Successful

Every Day

Taking Advantage Of Digital

Disruption In Travel And Expense

Ted Schadler, Coauthor of Empowered

November 13, 2013

© 2013 Forrester Research, Inc. Reproduction Prohibited 3

Agenda

› What is digital disruption?

› How does it affect markets?

› How can you take advantage of it?

© 2012 Forrester Research, Inc. Reproduction Prohibited

When companies adopt

technology, they do old

things in new ways;

When companies internalize

technology, they find

disruptive new things to do.

What in the world is digital disruption?

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› They build better product experiences

› That create stronger customer relationships

› Doing it all faster than before

Digital disruptors raise the bar

Digital disruption economics permit this.require

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How digital disruption economics work

Old disruption Digital disruption

10 xthe innovators

1/10ththe cost

100Xthe power

Source: October 27, 2011, “The Disruptor’s Handbook” Forrester report

Disruption isn’t new . . .Image source: Photo Dictionary (www.photo-dictionary.com)

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Image source: Associated Press (AP.org)

Source: NBC News and The Associated Press (http://photoblog.nbcnews.com/)

. . . but digital disruption is

Platform creators Experience creators

How does digital disruption affect markets?

Digital disruptors can be a positive force

› Dramatically improve services

› Support new patterns of life and work

› Ultimately, cut service costs

› . . . Including those in travel and expense

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Mobile devices are on the rise, fueled by employees’ desire for freedom

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Expense and travel app adoption lags on smartphones and tablets

15%

22%

15%

16%

75%

19%

19%

24%

21%

65%

16%

14%

24%

60%

90%

Travel apps

Expense apps

File sync & share

Intranet portal

Email

Computer(N = 2,699)

Tablet(N = 605)

Smartphone(N = 1,303)

“Which applications do you use on

these devices for work?”

Base: Information workers using each deviceSource: Forrester Forrsights Global Workforce Survey, 2012

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“Checked my travel itinerary” on

a mobile device.*23%

Are “frustrated when something I

want isn’t on my phone.”52%

Source: North American Technographics® Community Panel (US, Canada)

*Source: North American Technographics Auto and Travel Survey, Q3 2013

Base: Highly mobile adults

*Base: 675 adults taking 2 or more

business trips in the last 12 months

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“We found a lower fare

for your flight”

(that takes

sophisticated

analytics)

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Will spend IT budgets on analytics

and big data in the next 12 months*71%

Source: Forrsights Strategy Spotlight: Business Intelligence And Big Data, Q4 2012

* Source: Forrsights Services Survey, Q3 2013

*Base: 617 North American IT decision-makers

See data as critical to

planning, budgeting, and

forecasting.

84%

Base: 603 business and IT decision-makers

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Three steps to harnessing digital disruption

1. Look for service & delivery inefficiencies

2. Embrace new platforms for performance

3. Seek alliances that improve service & delivery

Thank youTed Schadler

+1 617.613.5975

tschadler@forrester.com

Twitter: @tedschadler