Will the “Uber effect” kill innovation?

 In digital disruption

On Thursday, the Financial Times reported that “the Uber effect” is impacting new entrants in the ride-sharing business in London.

Apparently Transport for London (TfL) who regulates taxi licences in London has not been in touch with new entrants Via and Taxify since May, leaving their applications, and hence their business in limbo.

Is this “reverse disruption” when the lead disruptor (Uber) breaks the model so badly that the regulator takes a step back?

In my talk to the ICMIF Biennial Conference on Tuesday (watch in full at https://speaking.digital/icmif-2017-replay), I implored those in the room to involve the regulators early on in any innovative or disruptive moves.

The regulators of every industry need education as well so they can adapt to the needs of the industry and consumers.

Who in your industry is educating and enabling the regulators to respond positively to innovation and disruption?

If you enjoyed this blog post you may like other related posts listed below under You may also like ...

To receive future posts you can subscribe via email or RSS, download the android app, or follow me on twitter @andrewgrill.

About 

Based in London, Practical Futurist and former Global Managing Partner at IBM, Andrew Grill is a popular and sought-after presenter and commentator on issues around digital disruption, workplace of the future and new technologies such as blockchain. Andrew is a multiple TEDx and International Keynote Speaker.