This is an era of disruption. Technology innovation, the intensifying march of digitization, and the cumulative effect of the “big exponentials”—the laws of accelerating growth governing processing power, storage, and bandwidth—are shattering, reshaping, and redefining economics in and across industries.
Companies in the technology, media, and telecommunications (TMT) sectors are in the vanguard, bringing these new opportunities to market—even as their legacy businesses are threatened by them. TMT companies have begun to digitize their core businesses and enter new disruptive businesses, often through M&A and partnerships. Still, they are subject to massive dislocation and attack.
In this age of exponential growth, value creation remains the best metric of superior strategy, transformation, and execution. TMT companies have done a good job of rewarding their shareholders in the first half of this disruptive decade. Still, the gap between winners and losers remains large, and speed is critical.