What does the term "digital disruption" mean in business contexts? 🔊
The term "digital disruption" in business contexts refers to the changes that occur when innovative technologies affect existing markets and business models. It often leads to the decline of established organizations and the rise of new, agile competitors. Examples include how streaming services disrupted traditional media, or how e-commerce transformed retail. Businesses must adapt to these shifts or risk losing market share and relevance.
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