Technology has always played a pivotal role in transforming our worlds for the better. As a sector, it has been one of the biggest drivers of growth, value and innovation. We now see a shift towards rapid digitisation across sectors. But digitisation let alone cannot be the single driver of innovation and change, it will need to be a blend of digital and human capabilities. Therefore, technology has to transcend boundaries and be more collaborative to spark the change.
A Hotbed of Innovation : Emerging markets take the centre-stage
As emerging markets take the centre-stage frugal innovations are poised to redefine the industry for good. The Boston Consulting Group along with some of the greatest minds in the technology sector are focussing upon top tech companies across the globe that have an ambition and potential to reinvent and reshape the industries. Since 2006, every year BCG identifies the top 100 tech companies that are contributing significantly to changing the world. 2020 BCG Tech Challengers list of 100 emerging-market tech challengers consists of companies chosen for their adoption of technology, industry position, business models, and proven market traction. This year, 2020 BCG Tech Challengers list, ranks STL as one of the “BCG tech challengers”.
The BCG tech challengers are a truly global group, representing 14 countries from all major regions.They are active in multiple sectors, spanning B2C and B2B. The distribution of tech challengers spans across industry segments including Semiconductors, Robotics, Consumer devices, Enterprise software, cloud, IT services, Advanced analytics and AI, Cybersecurity, Superapp platforms, Social and lifestyle, Gaming, Video streaming, E-commerce, Financial services, Health care, Education, Logistics, Industrial goods and Energy. Average valuation of emerging market BCG tech challengers is around $6.3billion.