It comes, leaves an impact and changes everyone’s perception, view and thought! The world is all different. That’s disruptive technology.
Human wants for coziness compels the market to get innovative and from out of nowhere a disruptive technology or concept pops up. Disruptive technology is a technology or concept that have features which very few and generally new segment of the customers value. Products built or developed using this technology are usually cheaper, simpler, smaller and better performing. One of the most popular examples that qualify for this is the transistor that totally replaced the well known Vacuum tubes.
We have seen this happen for countless time in various fields. It might be in the automobile sector, music industry, or a simple VCD, DVD renting business.
In the automobile industry, who can even imagine in their hind sight that GM will be filing for bankrupt protection? This is all because of foreign company’s compact vehicles and hybrid engine technologies. ...