Seba Technology Disruption Framework
Wednesday, October 10, 2018 at 07:17AM
Charlie in Digital Financial Reporting

A BBC News article, Why you have (probably) already bought your last car, reports that RethinkX reckons that within 10 years of self-driving cars getting regulatory approval 95% of passenger miles will be in self-driving electric robo-taxis.  The article goes on to say that these regulatory approvals could be in place by 2021 in the United Kingdom.  Some say this could happen by 2030.

How does disruption work?  The Innovators Dilemma explains the difference between sustaining (or incremental innovation) and disruptive innovation.  Sustaining innovation meets a customer's current needs.  Disruptive innovation meets a customer's future needs.

The Seba Technology Disruption Framework, which was created by Tony Seba, explains how disruption works:

 (Click image to go to presentation which explains Seba Technology Disruption Framework)

Here is the definition of disruption Tony Seba uses:

A disruption is when new products and services create a new market and significantly weaken, transform or destroy existing product categories, markets or industries.

This 50 minute video explainshow AT&T missed the mobile phone market because of a 10x error in estimating the market provided by "an expert". Here is a list of the seven worst technology predictions of all times.

What does this mean for the modern finance platform? What does this mean when accounting, reporting, auditing, and analysis moves to a truly digital environment? Let me know what you think.

Article originally appeared on Intelligent XBRL-based structured digital financial reporting using US GAAP and IFRS (
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