Digital transformation, the change associated with the application of digital technology in all aspects of human society, is blurring the lines between technology companies and other players.
Some experts are now musing that the ‘tech sector’ in and of itself, no longer exists. We are living in a world where all industries must embrace digital transformation. This is not just about doing what we’ve always done more efficiently, but fully embracing and using technology to unlock new ideas, new markets and new ways of thinking. In short, we are all becoming tech firms, and companies that are slow to accept this new reality will find themselves in the crossfire of disruptive start-ups or shareholder activists who will force the issue.