Profiting from digital disruption

CI's Malcolm White is bullish on components, the cloud and commerce.

Diana Cawfield 13 July, 2017 | 5:00PM

The acceleration of digital technology will disrupt every industry, says Malcolm White, co-manager of CI Signature Global Science & Technology Corporate Class, and the winners will be digitally driven companies.

"The media sector was the first sector to be completely upended, in industries such as newspapers, movies and television," says White. "What's happening here is an acceleration across other businesses. Every organization is going to be a digital industry, whether you're a trucking, mining, financial, medical company or some other."

For example, White points to the online retailing giant Inc. (AMZN), which has bought the bricks-and-mortar grocery chain  Whole Foods Market Inc. (WFM). By using an Amazon Go mobile app, shoppers can enter a Whole Foods store, pick up their groceries and leave the store with no line-ups and no check-outs. The app will automatically record their purchases through sensors and artificial intelligence (AI). White says this microchip-driven technology will bridge digital companies with the real world.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Alibaba Group Holding Ltd ADR187.56 USD0.00 Inc1,907.70 USD0.00
Apple Inc240.91 USD0.00
Arista Networks Inc192.77 USD0.00
BlackBerry Ltd5.77 CAD0.00
BlackBerry Ltd3.36 USD0.00
Samsung Electronics Co Ltd44.20 USD0.00
Shopify Inc A589.62 CAD0.00

About Author

Diana Cawfield

Diana Cawfield  Diana Cawfield is an award-winning writer who has been a regular Morningstar contributor since 2000. Her numerous publication credits include the Toronto StarAdvisor's Edge and Chatelaine, as well as the Canadian Securities Institute's online educational services.