What is Disruptive Technology?
DEFINITION of ‘Disruptive Technology’
A technology that significantly alters the way that businesses operate. A disruptive technology may force companies to alter the way that they approach their business, risk losing market share or risk becoming irrelevant. Recent examples of disruptive technologies include smart phones and the e-commerce retailing. Clayton Christensen popularized the idea of disruptive technologies in the book “The Innovator’s Dilemma” in 1997. -quote from Investopedia.
Below are a list of Disruptive Technologies
We are in a very interesting period of time. Let us touch on some of these disruptive technologies and study the impact of their emergence and their disruptive behaviour.
The Mobile Internet has now enabled users to purchase goods and services via their mobile phones. Consumers are able to buy any products at any location and at any time without the need of a laptop. This allows consumers the convenience in purchasing products. Sales of laptop and desktop had dropped significantly as consumers prefer surfing the internet via their tablets or mobile phones.
The Cloud Computing is eradicating the need for a client base type of computer OS. This is technology is traditionally adopted by Google, forcing Microsoft to adopt it too and giving Windows 10 for free. Computer companies realize the need to adopt cloud computing before they are being eradicated.
The 3D Printing potentially has the capability to eradicate a large part of traditional manufacturing. With a soft copy of any products, you can print almost any products. It eradicates the need for consumers to buy products from manufacturers as consumers can potentially print their goods at home.
The Autonomous Vehicles/Taxis are called Robot Vehicles/Taxis. They eradicate the need for human drivers. This is the biggest threat to UBER. UBER managed to disrupt the sales and operations of traditional taxi companies, thus it will be very interesting to see UBER being disrupted by the Autonomous Vehicles industry.