Article | October 22, 2019

Will Your Business Disrupt—Or Be Disrupted?

By Laurie McCabe, Sage Intacct

Business conflict

“Digital transformation” may sound like a buzzword, but the drivers behind it are very real. In an era where technology is reshaping businesses and industries, companies that harness technology can reap big advantages over those that don’t. Businesses must first determine how to adapt their businesses for the digital age and then put technology to work to bring these changes to life.  

Technology Speeds Up the Creative Destruction Cycle for Businesses

As the rate of technological innovation increases, the pace at which businesses rise and fall—known as the “creative destruction cycle”—speeds up too. In 1965, the average tenure of companies on the S&P 500 was 33 years. By 1990, it was 20 years. And it's forecast to shrink to 14 years by 2026. If this forecasted churn rate holds, 50% of today’s S&P 500 will replaced over the next 10 years.

VIEW THE ARTICLE!
Signing up provides unlimited access to:
Signing up provides unlimited access to:
  • Trend and Leadership Articles
  • Case Studies
  • Extensive Product Database
  • Premium Content
HELLO. PLEASE LOG IN. X

Not yet a member of Software Business Growth? Register today.

ACCOUNT SIGN UP X
Please fill in your account details
Login Information
I'm interested in newsletter subscriptions.
ACCOUNT SIGN UP

Subscriptions

Sign up for the newsletter that brings you the industry's latest news, technologies, trends and products.