In the 1890s, more railroad companies were in bankruptcy than in any other decade of American history. History could repeat itself. But there's a big difference between investment in fixed capital, like railroad tracks, and flexible capital, like information technology. After you lay railroad tracks, the only thing you can do is send trains down them. There wouldn't have been an oversupply of railroad tracks in 1890 if they could have been magically changed into highways to support the nascent automobile industry.
Information technology is highly flexible.
Unlike railroad tracks, it can be easily repurposed. You have to have everyone in your business looking for ways to do improvements. The challenge comes in prioritizing and making it happen. It's hard to do. You look at revenue centers and most of these aren't that.