As Large Companies Stifle Innovation With Paperwork And PDFs, There’s A Disruption Opportunity For Startups
- ByStartupStory | November 11, 2021
To date, the world’s leading insurance, real estate, and finance corporations have constructed automated paperwork systems for these critical industries in-house and at tremendous expense. These legacy tools are stuck in the 1980s and are unable to meet the needs of today’s internet-connected world. To further hinder competition, significant players in each industry have devised and controlled these business-critical procedures, allowing them to dominate the market and limit innovation to technology companies that follow their standards.
Until they are large enough to fight back and produce meaningful innovation, fledgling technology companies must play nice. These purpose-built technologies have functioned as a barrier between the growing startup sector and the industry’s established firms, but those days are coming to an end.
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