Chief executives, or the so called C-suite leaders, are wary of the rising trend of “uberization,” or disruptive business technologies that may revolutionize the global business landscape and boost competition to the highest levels.

In a recent IBM study called “Redefining Boundaries: Insights from the Global C-suite Study,” IBM Philippines revealed that 54 percent of C-suite leaders worldwide last year expect strong competition even outside their respective industries due to technology disruptions. The response is higher than the 43 percent of respondents who had that view in 2013.