The digital transformation of industries:
An immense opportunity for industry and society
Rapid advances in digital technology are redefining our world. The plummeting cost of advanced technologies is revolutionizing business and society. Furthermore, the ‘combinatorial’ effects of these technologies – mobile, cloud, artificial intelligence, sensors and analytics among others – is accelerating progress exponentially. Technology is the multiplier.
The Digital Transformation of Industries (DTI) analysis by the World Economic Forum, in collaboration with Accenture, focuses on the impact of digital on specific industries and quantifies the value at stake for both business and society over the next decade from digital transformation.
The media industry: In the vanguard of digital transformation
The media industry is already more digital than many other industries, having been transformed by several waves of innovation – desktop internet, mobile, social and now, the Internet of Things. Digitalization has unleashed an explosion of content that is fragmented across multiple channels and platforms.
The in-depth Media analysis explores the four digital trends shaping the industry, three themes that will define the evolution of the media industry over the next decade and a number of ‘no regret’ capabilities – tactical, shorter-term investments – that industry players should start planning for today.