Business models continue to evolve as companies become more determined to implement emerging technologies such as Artificial Intelligence (AI) and 5G in a bid to outpace their competition.
Datuk Johan Idris, Managing Partner of KPMG in Malaysia, noted that as the world has become more connected and digital hence the company’s approach to business has changed dramatically.
“Companies need to realize that technological and digital disruption is not a trend or a passing phase. It is here to stay, and they should be seizing the opportunity to actively disrupt their respective sectors, and not just wait to be disrupted,” added Datuk Johan.
According to Alvin Gan, Head of IT-enabled Transformation practice at KPMG in Malaysia, companies need to anticipate what the next phase of technological evolution will be so they can be in an optimum position to leverage from new technologies to achieve their business objectives.
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