Sandbox or Quicksand? Are legacy sectors missing the point in pursuit of the future?

Regulation should focus less on prescribing the how and more on clarifying the what; consumer protection, financial stability, data privacy, etc.

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Digital transformation has been touted as the panacea for every legacy sector struggling with shifting consumer expectations and intensified competition.

Banks, insurers, energy providers, healthcare institutions, and even governments are embracing “digital-first” strategies. On paper, it makes sense. In practice, however, the transformation journey is far less straightforward.

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Note: The results are not exact but very close to the actual.