From Where We Sit
Insights: The internet will eat your mid-sized business
Digital technology has unleashed a perpetual hurricane of creative economic destruction. Software is not only eating the world, but also many mid-sized businesses. Only the paranoid will survive, and here is why: Timescales have changed. The long term used to be a nebulous dot on the horizon. But today, time has been so sped up by technology that whatever once appeared long-term is happening now. Take for example, the robot economy, once the preserve of science-fiction writers. Today, however, what is now known as artificial intelligence or machine learning is about to change every industry—from education to healthcare to transportation. The future is here and it’s not evenly distributed.