"The digital revolution that began at the end of the 20th century has led to a profound transformation of our lifestyles and our economies, the likes of which we had not seen since the industrial revolution a century earlier. This new revolution is manifested by numerous disruptions, or ruptures, that are disrupting entire sectors such as communication, health or even simply consumption.

Points to remember:

• The digital revolution has led to the multiplication of disruptions in many sectors
• There are three criteria to check whether a disruption is likely to occur
  
• Convertible bonds are a preferred financing instrument for disruptive companies"