Earlier this month, I spoke at an annual conference of 100 CEOs and shared some of the following top technology trends that can help increase revenue or reduce expenses over the next five years.
Why Read this Article if You're a Business Executive?
Over the last 50 years, major technology change lasted about 10 years. Most companies took their time to adopt a new technology and continued to be successful. Technology was like accounting. You needed to have it work well, but you didn't typically base your business plans or strategy on new accounting rules.
It is now a very different world. The number of new technologies and the time to implementation has significantly sped up. Now you may have only a few years before your major competitors are offering more and better services at a lower cost than you. Start-up companies that are well funded by venture capital are moving quickly to disrupt older established industry businesses. Company leaders that dominated an industry for 20+ years can be replaced in only a few years.
New Technology is being used to change established business models every day around the world. Senior executives need to pay attention and educate themselves on the new technology trends and NOT delegate this to other managers in the company.Read More