The new technologies have brought about changes and disruptions in every aspect of the society, the markets, and the consumers, while they have impacted the very survival of organizations.
Smart devices and the Internet of Things are constantly shifting the boundary between the physical and digital worlds. Artificial intelligence, combined with new management technologies and big data analysis techniques, create new opportunities for businesses and in several cases constitute the source of competitive advantage. Digital platforms and technologies offer fundamental transformations to existing business models and can transform entire industries, (for example cryptocurrencies can threaten to upend the traditional banking system).
These changes are constantly intensifying at an ever-increasing pace. The result of these changes is the transformation of sectors, markets and organizations, the so-called digital transformation. Just as any change in the environment requires adaptation of the organisms that live within it, correspondingly the ability of businesses to adapt to their technologically altered ecosystem will be a key factor in their survival. In addition to organizations, employees are required to acclimate to an ever-changing environment requiring adaptability and diverse competencies.
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