Almost a third of the economy faces a digital "big bang" over the next three years, pushing companies as diverse as retailers, banks and real estate agents to rethink their strategies, a new report says.
China to overtake Japan as the second wealthiest nation in the next five years.
Real estate, professional services, and arts and recreation also faced a dramatic disruption
The report by Deloitte, published on 10th of September, assesses which parts of the economy are likely to see a change of more than 15 per cent in key metrics such as revenue or cost structures due to the digital revolution.
However, he said the long-term impact on the economy was positive. Ultimately, it would lead to more higher-paying jobs and higher productivity, as was the case after the wave of deregulation in the 1980s.
Times of extreme disruption and extreme pressures on costs and revenues are historically periods of great failure. However, they also represent great opportunity. How do you see real estate being disrupted to your benefit?
Most Popular Slideshows
- Australia Bids Adieu to Adam Spencer's Mornings on ABC's "702 Breakfast" Show [PHOTOS]
- Top 10 Hottest Celebrities with Shocking Weight Loss (And Find Out Their Secrets!) [PHOTOS]
- SEE PHOTOS! Eva Longoria Wears No Panties at Cannes 2013, Revealed in Embarrassing Wardrobe Malfunction [SLIDESHOW]
- Demi Lovato Snapped Getting Flirty with The X-Factor Boss, Simon Cowell? [PHOTOS]