Tech Industry: The Lags and Leads

The technology sector has always been the disruptor by introducing new and capable advancements in the field. Although, the rapid digital transformation has effectively disrupted technology companies around the globe. They have been revamping operational processes, creating value propositions for the customers, and innovating business models. Tech firms are strongly investing in cutting-edge technologies like AI and RPA to enhance productivity and minimize costs. According to research by Bain & Company, technology companies are 12% more likely to be disrupted than companies in retail and 25% more likely than those in financial services, two other industries that have historically gone through disruptions.