Written by Yongho Cho of The Innovation Lab
It has been nearly 10 years since I first defined and introduced the concept of the “Big Blur”—the phenomenon of converging boundaries—in the book All the Boundaries You Knew Are Disappearing (subtitle: The Age of the Big Blur: Your Biggest Competitor Exists Beyond the Boundary), the first such definition worldwide.
I define the Big Blur as ‘a phenomenon in which simultaneous forces act across six dimensions—the role of consumers, corporate concerns, the role of services, business models, industry barriers, and the scope of competition—causing boundaries between industries and business sectors to rapidly disappear, particularly through the convergence of boundaries between producers and consumers, small businesses and large corporations, online and offline, and products and services.’
The book explained the Big Blur as a phenomenon that would trigger a great collision of business models in the era of the Fourth Industrial Revolution. Now, 10 years after the term Big Blur was introduced, it has become a defining topic of our time, appearing regularly even in commemorative addresses by leaders in the financial sector, including policy institutions and the CEOs of KB, NH, and Woori Financial Group. Nor is the phenomenon limited to finance. As boundaries increasingly converge across industries, the Big Blur appears to be accelerating. <remainder omitted>
(Read the Full DBR Article) The Big Blur Revolution and the Business Model Big Bang