TECHNOLOGY ADOPTION AT BREAKNECK SPEED

The adoption of new technologies is rapidly accelerating, driven by the demand for innovative solutions and the push for digital transformation across industries. The time to reach the holy grail of 1 million subscribers has shortened from 3.5 years for Netflix in 1999 to a mere 5 days for ChatGPT in 2022!

– Businesses are enthusiastically embracing these advancements, understanding their potential to boost efficiency, improve customer experiences, and maintain a competitive edge in a dynamic marketplace.

– The swift pace of adoption indicates a shift towards a technology-driven future, where companies have the opportunity to capitalize on abundant prospects by leveraging cutting-edge technologies.

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Source: Capital Group and Bloomberg