McKinsey April 27, 2022
Traditional firms will earn almost half of their revenues from new businesses built on digital tech in five years’ time, says a McKinsey report.
No wonder, business leaders are venturing into new areas – creating new products or services or building entirely new business models by leveraging digital-tech.
One of the key findings of McKinsey’s State of New Business Building report is that in five years’ time, the India/MENA (Middle-East & North Africa) region will see 47% of business revenues coming from tech-driven products, services and businesses that don’t exist today. No wonder, business leaders are venturing into new areas – creating new products or services or building entirely new business models by leveraging digital-tech. “Closer home, a few...