Technological innovation has disrupted industry at an aggressive rate in recent years. This manifests in different ways: from Airbnb’s threat to hotels, to non-traditional banking via apps such as Venmo. In this age of increased competition and hard-to-come-by revenue growth, companies that embrace change can dominate a market in the blink of an eye. Those that don’t, even well established companies with sterling reputations, can falter in the same time span.
Traditional industries such as law firms, publishing companies, agriculture and banking have historically been slower to adopt new technologies or spearhead innovation.
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