Beancounters at GlobalData claim that digital technologies are increasingly exerting pressure on incumbents across industries to change their business models while giving rise to smaller, agile players that are enabling innovation and disruption in many aspects of the business.
GlobalData Principal Disruptive Tech Analyst Kiran Raj said: “The explosion in the availability of data has reinforced the use of digital technologies as an enabler of innovation and disruption across many industries. Moreover, the COVID-19 pandemic has hammered the business world with prolonged lockdowns that triggered the widespread recognition of digital transformation among industry leaders to future-proof their businesses.”
