The chart below substantiates how much tech is disrupting the traditional sectors. You’d have qualitatively heard that software is eating the world etc. etc., but this graph (though not perfect) shows HOW much.
Simply put, Technology is a) eating into other sectors b) gaining market share, and c) revenue is leaking from other sectors (for e.g. Financials) into Technology.
If your company is in the traditional sector, this threat from Technology should pretty much define the business strategy. Covid is only going to accelerate this trend. How should non-tech companies defend? Stay tuned!
Thanks to bespoke for the graph