Proof Point
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PwC study found more CEOs believe technology will impact competition in their industry over the next five years than during the past five years |
Impact of Technology on Competition According to CEOs |
Note: | Data based on PwC’s 20th Global CEO survey of 1,379 respondents |
- Technology Driving Competition – 75% of CEOs believe technology will significantly impact or completely reshape competition in their industry over next five years, compared to 60% when reviewing last five years
- Few Technology Naysayers – Only 2% of CEOs believe technology will not impact competition in their industry over next five years, down from 6% over past five years
- Key Drivers – Include proliferation of startups entering markets and disrupting incumbents, rapid advancements in core technologies (e.g. computing power, connectivity, artificial intelligence, and sensors) driving innovations in various fields, cross-industry convergence, and evolving customer behavior
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Date Last Updated: June 3, 2017
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