Finance: Peer-to-peer lending and robo-advisors reduce the need for traditional banks and financial planners. Roles such as travel agents, bank tellers, and retail clerks have diminished in number as the functions they performed are automated or eliminated.
How Disintermediation Shift is Enabling a Technology-Driven Economy
Impact Across Key Industries This shift has not been uniform; it has hit specific sectors with varying intensity. This requires new capabilities and infrastructure, which can be a heavy burden for smaller businesses.
Media: Streaming services allow artists to distribute content without label or studio backing. They are bypassing the traditional travel agent, who once acted as a necessary consultant due to their access to inventory and complex pricing rules.
How Technology Enables Disintermediation and Shifts the Economy
The rise of the internet and digital platforms has drastically lowered the friction required to connect producers with end-users. A manufacturer can now reach a global audience through an e-commerce site, bypassing the distributor and the retail chain that once controlled shelf space and customer access.
More About What does disintermediation mean
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