Sigve Brekke and Erlend Prestgard, CEO of WG2: How Technologies Disrupt Existing Business Models
The conversation shed light on the challenges and opportunities that arise when new technologies emerge and disrupt traditional ways of doing business.
In this CEO talks episode, Sigve Brekke sits down with the CEO and co-founder of Working Group Two (WG2) to discuss how technologies are disrupting existing business models while at the same time providing businesses with new platforms for future growth.
WG2 mobile technology company aims to make traditional mobile telecom services better and more relevant for end-users by deploying Internet tools and technologies on top of traditional mobile telco infrastructure.
In a recent discussion between Sigve Brekke and Erlend Prestgard, CEO of WG2, the topic of how technologies disrupt existing business models was explored.
The conversation shed light on the challenges and opportunities that arise when new technologies emerge and disrupt traditional ways of doing business.
- Challenges of Technological Disruption – During the discussion, Brekke and Prestgard highlighted several challenges that businesses face when technologies disrupt existing models. They emphasized the need for companies to stay agile and adaptable in order to navigate these challenges successfully.
- Opportunities for Innovation – Despite the challenges, the speakers also emphasized the numerous opportunities that arise from technological disruption. They discussed how businesses can leverage new technologies to innovate and create new revenue streams. Examples were given of companies that have successfully transformed their business models to embrace technological advancements.
- Adapting to Technological Change – Brekke and Prestgard discussed the importance of businesses being proactive in adapting to technological change. They highlighted the need for companies to invest in research and development, foster a culture of innovation, and continuously monitor the technological landscape to identify potential disruptions early on.
Conclusion
The talk between Sigve Brekke and Erlend Prestgard provided valuable insights into how technologies disrupt existing business models.
It emphasized the challenges that businesses face, but also the opportunities for innovation and growth that arise from embracing technological change. By staying agile, investing in research and development, and fostering a culture of innovation, companies can navigate the disruptions and thrive in the ever-evolving technological landscape.
