Tech Disruption Reshapes Traditional Industries, Business Leaders Warn

Business leaders at the Invest Karnataka 2025 summit discussed the rapid transformation of traditional industries through technology. AI, automation, and digital solutions are presenting both opportunities and challenges in sectors such as finance, banking, and manufacturing. Suzannah Muthoot from Muthoot Housing Finance Company highlighted the importance of AI in underwriting, collections, and customer service, especially in reaching rural markets. Additionally, a recent study by Kin + Carta found that 75% of global business leaders feel that more investment in digital transformation is essential to address “tech anxiety” in the coming year. Cybersecurity and AI are the top concerns, with 15% of leaders planning to invest in AI and machine learning this year.

Source: Business Standard