Technological Disruption – Important and Inevitable
The technology industry has always been defined by rapid innovation and technological disruption. Companies are always looking to disrupt the status quo with, “better service, more innovative products, lower prices, and the ability to respond flexibly to changing customer habits and preferences.” Technology’s commitment to innovation and fast-paced disruption shows no signs of abating. 78% of American CEOs report concern over how rapidly technology changes in their industry. Their concern is well founded, 45% of tech companies have expanded into a new industry in just the last three years.