Why Technology is Now More Important Than Capital
by Soumen Roy, Country Head for Tata Consultancy Services (TCS)
Business 4.0 – also known as the fourth industrial revolution for the digital age – has upended much of what we thought we knew about industries. It is an era marked by big leaps in technology, significant upswings in data, hyperconnectivity, the Internet of Things (IoT), artificial intelligence, automation and the rapid and agile development of products and solutions.
The last time we experienced a tectonic shift like this was during the computer age (Business 3.0), defined by the advent of the internet, the ascent of large globalized businesses and interlinked financial systems.
Today's teeming tech environment has created a level playing field. As such, how you leverage technology is even more important to success than your ability to access capital.