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In today’s economy almost every big company, even one selling dental drills, is on a journey of digital transformation. Cloud and mobile computing, ubiquitous sensors producing endless streams of data, and ever more intelligent algorithms have created the potential to transform nearly every aspect of nearly every business. Getting ahead in the digital journey can lead to outsize success, as the Henry Schein story illustrates. Falling behind, in a race with winner-take-most dynamics, can cause fatal disruption.
Today’s savviest executives recognize that. Three-quarters of the CEOs on the subject said a transformative trio of technologies—cloud computing, mobile computing, and the Internet of Things—will be either “very important” or “extremely important” to their businesses in the future. More than 50 percent added artificial intelligence and machine learning to the list.
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