We believe that trust will soon be a major currency that helps differentiate one organization from another.
Those organizations that are able to harness the power of emerging technology are going to be the ones that build and maintain trust with their stakeholders.
“The biggest risk is doing nothing, or moving very slowly,” says Nitin Bhatt, our EY Global Risk Transformation Leader and EY India Risk Leader.
“For instance, when cab aggregators in developed markets started dominating the marketplace, countries around the world didn’t pay any attention. But when these same companies entered other markets – new markets, emerging markets, a number of cab companies in these countries went out of business overnight.”