Are You Destined for Digital Extinction?
New innovations in digital technologies promise increased productivity, efficiency, and business growth—but only if users have both the confidence and the digital skills to use them.
March 4, 2019 — Brian Murphy, VP/GM Nulia International
52 percent of Fortune 500 companies have declared bankruptcy, been acquired, or closed their doors because of digital disruptions since 2000 (Harvard Business Review).
No industry is immune. If organizations are not open to innovation, they will be edged out of the market by businesses that are. Digital disruptions like the Internet and SaaS technology upended the usual flow of business, changing business processes and consumer habits. The only solution is organization-wide Digital Transformation, adapting to and embracing technological innovation.
More Organizations Than You Think Have Gone Digitally Extinct
In just the last two decades, many household names have become digitally extinct by failing to adapt to the new technological landscape of their industry. Brands like Kodak, Compaq, and Motorola that were once at the forefront of their industries were left behind in the new digital world (Valuer). By the time they realized it, and tried to catch up, it was too late.