This article was co-authored with Brandon Metzger, an Associate at Metis Strategy
The pace of change is faster today than ever before, yet it will never be this slow again.
Over half of the Fortune 500 companies from the year 2000 have either been acquired, merged, or declared bankruptcy. Meanwhile, the number of private companies valued at over $5 billion has doubled since 2015. A key driver of this disruption is exponential growth in computing (e.g., calculations per second per constant dollar), which has driven rapid advancement, miniaturization, and democratization of technology. This has enabled an explosion in entrepreneurship, increased disruption from non-traditional competitors, and a growing customer expectation for personalized digital experiences.
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Source: News