Market insights

The Future of Expert Networks in a Digital Age

Jul 9, 2024 3 minutes read
Jul 9, 2024 3 minutes read

Expert networks are continually evolving and adapting to new circumstances in the digital age as a result of varying business requirements, shifting market demand, fluctuating economic conditions, and technological breakthroughs.

In 1990, there were roughly 2.8 million internet users and 12 million mobile phone users in the world. But following the technological advances of the digital age, these numbers have risen to 5 billion each in just 35 years.

Read more: Introduction to Expert Networks: What Are They and How Do They Work?

The advent of digital technologies has resulted in significant transformations in lifestyle, employment, and collaboration, impacting multiple industries.

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By 2027, according to Statista estimates, global spending on digital transformation is expected to reach an astounding US$3.9 trillion.

The information age has also changed the way expert networks (dedicated platforms that connect businesses with seasoned professionals to gain fast and accurate insights) function.

Expert networks have evolved dramatically from a few physical offices running mostly on Rolodexes in the 1990s to today, when there are over 120 digital platforms operating online.

What future trends await Expert Networks in the ongoing industrial and technological revolution?

Global spending on digital transformation services and technology between 2017 and 2027 (in trillion US$)