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Disruptive Technology refers to an innovation that can alter the way businesses, industries or consumers operate.
Disruptive Technology has superior attributes and ground-breaking products and thus can easily sweep away and replace the existing habits and systems.
Key Success factors for Disruptive Technology
Creative business models
- Targets a new market segment of low-end consumers.
Value network
- If the innovation does well then suppliers, distributors, and consumer networks will also benefit.
Enabling technology
- New technology makes the products cheaper and easy to obtain for a larger segment.
Investing in Disruptive Technology
- There is a risk factor involved in investing in disruptive technology.
- Sometimes consumers take a lot of time to accept new products and in some cases, they might be also rejected.
- Investors can gain access to disruptive technology by putting their money in ETFs.
- Money can be distributed in several fields like robotics, artificial intelligence, cloud computing, and fintech.
Examples
1. Artificial Intelligence
Help to spot scams and in fraud protection
2. Blockchain
Eliminates third-party from financial transaction
3. IoT
Brings digital and physical spaces closer through a network of inter-connected devices
4. Space Colonization
People settle in huge spacecraft, planets, or moons and invest in space exploration
5. 3D Printing
Makes it possible to print clothes, furniture, utensils, etc. by exchanging files with relative information
6. Medical Innovations
Examples are CRISPR for gene editing, new vaccines, etc.
7. High-speed Travel
This has become a possibility because of Hyperloop, a prototype propulsion system
8. Robotics
Deals with capable robots with improved senses, eligibility, and agility
Disruptive Technology Brands
1. Apple
2. Amazon
3. Tesla
4. Facebook
5. Google
This video is on Disruptive Technology and it has the following sub-topics.
Time Stamps
0:00 What is Disruptive Technology?
00:20 Definition of Disruptive Technology
00:48 Origin of the Term “Disruptive Technology”
01:04 Key Success Factors for Disruptive Technology
01:43 Investing in Disruptive Technology
02:15 Disruptive Technology Examples
08:30 Disruptive Technology Brands
