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...