Drop ‘plan B’: how companies survive digital transformation
Experts at Business Day Dialogue discuss how companies should prepare for a digital future
The question is no longer whether businesses should be transforming digitally, but rather how quickly this transformation can be achieved. Since 2000, 52% of Fortune 500 companies have gone bankrupt, been acquired or ceased to exist – and this rate of change is expected to accelerate. Recent research indicates 80% of companies around the world believe digital transformation is important to their survival in the next five years. Gartner predicts that by 2021, 80% of traditional companies will have lost 10% of their market share because of disruptive competition or the inability to disrupt themselves. At a Business Day Dialogue held recently in Johannesburg and Cape Town in partnership with Dimension Data, Rob Lopez, group executive: networking at Dimension Data, said businesses today face an unprecedented rate of change as a result of disruptive technologies such as:
artificial intelligence, the Internet of Things, machine learning, robotics and blockchain; asset-light, cloud-b...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.