What is disruptive technology and how has it completely changed the world?
According to Whatis.com, a disruptive technology defined as an established technology that shakes up the industry. It can also be a ground-breaking product that creates a new industry. Here are a few examples:
As you see, the list could go on and on. A disruptive technology has the power to reshape life, business and even the world. They are often times described as being both damaging and creative because they make old products (sometimes even industries) seem old. Technology companies love creating a disruptive technology because it’s “the next big thing.” The McKinsey Global Institute predicts that in 2025, new technology that is currently in the making could have an impact of between $14 trillion and $33 trillion per year! However, some of these technologies that we’ve already seen in 2018 increase are:
- Energy and energy-storage
- Oil and gas technology
More examples of disruptive technology
A disruptive innovation has to be completely new and considered a ground-breaking technology and a great example of this is the Internet. The internet completely changed the work force, health care and the way we do daily tasks. It also changed all forms of media and communication causing majority of companies around the world to either die or adapt.
Another great is example is video streaming. Netflix was invented in 1997 by two software engineers: Reed Hastings and Marc Rudolph. Back in 1997, DVD players and DVDs were becoming the new up and coming tool that took the place of VHS, which cause many video companies such as Blockbuster and Family Video to adapt. As Netflix began to take off, less and less people stopped using DVDs and eventually drove Blockbuster and Family Video out of business. They also had high late fees, some up to $40, which was a big reason why customers turned to video streaming. There were no late fees and didn’t have to leave their home. Today as Netflix and video steaming continue to grow, cable companies are finding it very hard to keep up. Soon, we might see video steaming completely take the place of cable, therefore making video streaming a disruptive technology.
To see more examples of disruptive technology, visit https://www.resultist.com/blog/9-amazing-examples-of-disruptive-technology-inspired-by-the-wtia
As more and more researchers and companies grow, it is exciting to see what new inventions will take over the world. To read more about disruptive technology, click below.