Meaning and Metaphorical Use of 'Buggy Whip'

Historical Context

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From nytimes.com
Buggy whips, used to prod the horses harnessed to wagons and carriages, started to become obsolete when automobiles appeared in the late 19th century.
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Failing Like a Buggy Whip Maker? Better Check Your Simile

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Metaphorical Use

From idioms.thefreedictionary.com
The phrase is often used to emphasize that something is outdated (much like the buggy whip itself).
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Buggy whip - Idioms by The Free Dictionary

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Business Implications