Business Digitalization

Clients are moving their business models and processes onto digital platforms, and going online. They are dropping those suppliers and service providers who are remaining with the legacy technologies and systems. These new technologies are fast breaking down barriers of entry into national and international markets. This means that foreign competition enters local markets without being physically here. The same can apply to local suppliers and service providers. They can enter foreign markets virtually. It is a choice not to do anything with the status quo. The global societies are embracing artificial intelligence and are becoming dependent on it daily. Acceleration of the application of the new technologies and replacement of the old ones is the most common feature of the 4th Industrial Revolution