Disruptive Innovations in

Consulting Services:
Leading issues
Greg Ezeilo, FCA, CISA, CRISC, CEH, CHFI, ECSA,
ISO27001, citp, PhD
 Classical Illustration Syndicate Workshop
of Disruptive on Disruptive
Innovations Innovation—
Around the Challenging the
World IncumbentsDisruption
Models of
Innovation— 3 at PAC NASS,
2 Some
Disruptive,
Sustaining Takeaway,
and Efficiency 1 Agenda Conclusion,
4
Questions and
Answers
Introduction: Invention – Innovation – Disruptive Innovation (DI) – Prosperity
Prosperit Invention
y

Key
Elements of
this
Conversati
Disrupti on Innovati
ve on
Innovati
on
 Understanding Disruptive Innovation
Disruptiv
e
Innovati
on
Is all about
thinking
Differently and
Democratisation
of technology
 Understanding the Economics of Disruptive
Innovation
Mainframe
computers
P--$2million
GM--$1.2m

Personal
Computers
Price - $2000
GM - $700

Smart Phones
P-$200
GM- $80
 Understanding the Economics of
Disruptive Innovation
Less
complex

IBM Machines Less

expensive
Complex vs
Clones
Puts power in
systems the hands of
Complicated many

Affordable Affordable
only by by many
a few
IBM

Clones
Explaining Disruptive Innovation….Killing the Giants
 Is the new product not
Does the innovation as good as the
target consumers outside incumbents in terms of
the incumbent’s market? performance?
Disruptive Is it simpler,
Is the new offering Innovation more convenient and
technologically Qualifying affordable?
enabled? Questions
Is the technology in Do the incumbents
alignment with the feel not threatened
business model by the new
innovation leading to innovation at the
sustainability? beginning?
Models of Innovations and its
Economics

Disruptiv Sustainin Efficien

e g cy

Creates jobs Creates Eliminates jobs

but uses up little jobs but frees up
capital and uses capital
less capital e.g. Ford vs TPS
Classical Illustrations of DI Around
the World

Kodak and the rest of Electronic Cameras

 Classical Illustrations of DI Around
the World—the Automobile Industry

Honda began with

domestic capital,
domestic customers,
domestic consumer
and disrupted America
market
 Classical Illustrations of DI Around
the World—the Automobile Industry

Toyota began with

domestic capital,
domestic customers,
domestic consumer
and disrupted
American market
 Classical Illustrations of DI and
National Prosperity
1
Japan 2
All began with
India Hong domestic capital,
6 Kong domestic customers,
domestic consumer
China Singapo3 and disrupted
re
American market
5 Korea
4
 Classical Illustrations of Disruptive
Innovation and National Prosperity
 Disruptive Innovation and Consulting
Services
Human driven
Require
more of
intellectual
and Highly
Skilled Characteristi
Expertise cs

Hourly or
Technology change Per Diem
means more impact Billing
on consultancy
 SWOT
Analysis

Porter’s
Six Experien
Five
Zigma ce curve
Forces
Disruptive Innovation and Consulting
Services
Big Data
Analytics/Advanced
Quantitative Methods

Innovative
Forensics— Technologies Artificial
Accounting to challenge Intelligence (AI)
and Digital the Application
Incumbents

Advanced
Robotics
Big Data Analytics—What this means to the
Auditor
Veracit Volum
y e

The 4-Vs
describing
Big Data

Velocit
Variety
y
Big Data Analytics—What this means to the
Auditor
Conversat
Activity ion—
Data social
media
data.
Sourc
es
Censor IoTs/IoE
data
Big Data Analytics—What this means to the
Auditor
CRM initiatives
Market research
Product development
and design
Big Data in Predictive Models
Sales forecasts
HR management
Plant Maintenance
Audit Activities
modelling
 Big Data Analytics—What this means to the Auditor…

Analytic Tools—From the Known to the Unknown

SQL MS KNIMI
Excel QuickVie IDEA ACL
w

Rapid
Miner
 Artificial
Machine
Intellige Audit
Learning
nce Drones
Solutions
Applicati
on
 While drones are
Audit Drones
incapable of
expressing
professional
skepticism, albeit,
some audit firms are
using them to more
accurately conduct
inventory audits in
the
manufacturing, retail
and natural resources
industries.
 Syndicate Workshop

WHERE + WHEN + HOW (2WH)

DO GET YOUR BEST IDEAS?

 Syndicate Workshop
Think
Differently
Don’t’ ask the
wrong question Question Everything
—Being a Socrates
Preparati
on
Do you have
problems you can’t How Do you know
find answers to ? things that you
don’t Know?
Are Your Clients
Delighted Patronising
 Syndicate Workshop
Transportation
Ecosystem—Land
Hotels and
Hospitality
Business in Nigeria
Develop and
recommend a
DI for each of
the following
Transportation
Consulting, Audit and Ecosystem--Airways
Assurance Services
 Conclusion—
Disruption at NASS,
Abuja
Technology Innovations
at PAC 8th NASS
Flashback at The Unveiling of NASS e-
Parliament System
Flashback on PAC 8th Assembly

BEFORE ……………..
 Flashback on PAC 8th Assembly

COMMITTEE SITTING ROOM BEFORE ……………..

 Flashback on PAC 8th Assembly

COMMITTEE SITTING ROOM BEFORE ……………..

 Flashback on PAC 8th Assembly

COMMITTEE SITTING ROOM AFTER ……………..

 Flashback on PAC 8th Assembly

CAPACITY BUILDING BEFORE ……………..

Flashback on PAC 8th Assembly

THE UNVEILING OF PAC e-PARLIAMENT

 Flashback on PAC 8th Assembly

PRESENTATION OF PAC REPORTS 2010 - 2014

37

Dr. Greg Ugochukwu Ezeilo, FCA

+234-803-300-8104; 0817-300-8104
Email: gregezeilo@signalhouse.org