Disruptive technologies are transforming industries around the world. While such innovations are often the subject of hyperbole and speculation, it is safe to say that few areas of the economy remain untouched.
In industrial markets, technologies such as additive manufacturing are reshaping demand and, perhaps more critically, redefining how products and services are delivered and by whom.
In the first paper in our Disruptive Technologies series we discussed the need for businesses to identify, understand and evaluate relevant innovations. Failure to recognize and respond can put them at risk of being left behind as competitors evolve and embrace change.
In this Executive Insights, L.E.K. partners Tom Diplock and Jeremy Wheatland examine how industrial businesses are responding to disruptive technologies and explain how to make the right strategic choices in order to turn the arrival of new technology into an opportunity.