Did you know?
Technological leapfrogging occurs when an industry or market skips a step along the technology transformation chain. ⏩ It´s likely that we´ll see leapfrog events happening with #ai in the near future, skipping a phase of SaaS density across the respective industry. Manufacturing or legal are 2 industries that are among the slowest when it comes to digital transformation. Integrating with their existing infrastructure was too complex, too insecure, too expensive for too little return in value. This is different with #ai. The value gains with regards to productivity, speed and access to information are high, the entry barriers are low. In emerging markets, this process happens more often: Think about how some African countries moved from no phones at all straight to mobile or the rise of mobile payments in China.📱 Why is that the case? The barriers to switch are low, the value gains are high. It is easier to switch from no or little infrastructure to the latest state of the art and skip all the in-between steps. The economies in the Middle East have proven on several occasions that they are in pole position when it comes to fostering innovation and technological leapfrogging. 🐪 🔬 💡 📶
