'Digital crisis looms as 'ruthless' fourth industrial revolution breeds startup fear'
http://www.cbronline.com/4th-revolution/digital-crisis-fourth-industrial-revolution-startup-fear/
2/3 of UK businesses feel threatened by digital startups - they think that new startups pose significant threat to their organisation according to Dell Technologies
- 32% of UK businesses fear they may become obsolete in the next 3 to 5 years due to new digital born startups
- 41% of business leaders have faced disruption with digital technologies and the Internet of Everything having a significant change
- 38% of businesses do not know what their business will be looking like in 3 years time
This article shows the problems that businesses are facing due to this idea of digital startups as pretty much anyone with an idea is able to create a business online and try to find an investor. The disadvantage of this is of course that institutions will not be making as much money as better companies will take over, however I do not think this is necessarily a problem as it enables competition between institutions, therefore would allow companies to change and better their strategies to create a better business.
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