A type of technology that completely displaces an established technology and creates a new market and disrupts the existing market and value network is known as Disruptive technology.
This technology cleans away the system that it replaces as it has attributes that are recognizably superior.
For Example – e-mail commerce online platforms, news sites, ride-sharing apps, GPS systems, and many more. Car and television are the best examples of the famous disruptive technologies in history. Innovation is sustainable when it improves the existing products.
But in today’s modern technological world we have more disruptive technologies. It is a type of radical change in the existing industry.
We can identify a disruptive technology by keeping the following points in mind
Disruptive technology is important because it provides many opportunities to gain an important path in the existing industries. It has the power to identify the upcoming shift coming in the market. It also identifies the different areas of need and interest that consumers have while purchasing any product.
In a major victory for law enforcement agencies around the world, a recent operation took down one of the largest dark web drug marketplaces, disrupting a major source of illegal drug distribution. Th...Read More..
The First Republic Bank, one of the largest private banks in the United States, is currently in a state of limbo as federal regulators juggle its fate. The bank is facing scrutiny from both the Federa...Read More..
Toronto stock futures are lower, and the TSX lost 0.5% to close at 12,694. The index has now been in a bear market for 11 weeks. Crude oil, gold and copper have all fallen sharply as investors have du...Read More..
Ford is planning to boost its North American production by 2 percent in the first half of 2020, according to Reuters, as the company looks to make up for lost sales from General Motors Co. and Fiat Ch...Read More..