The Importance Of Disruptive Technology

GPS, drones, spying, and nuclear war are all capabilities of the everyday items around us. These “normal” devices such as an iPhone or computer are all part of an enormous web infrastructure called the internet of things (IOT). The internet of things is a link between the online world and the physical world through connected devices which can achieve physical accomplishments such as taking a pulse. The Internet of things was said to have been discovered in 1999 during a presentation at Procter and Gamble. When Business moguls were trying to find a way to make the internet profitable, they manufactured the term internet of things. Ironically, IOT tracked its usage of term online through “Google Trends”. According to Google, since 2004 IOT was

Disruptive technology is a new way of doing something that initially does not meet the needs of existing customers. This type of technology tends to open new markets and destroy old ones. While, a sustaining technology produces an improved product that customers are eager to buy. This technology provides better, faster and cheaper products on established markets.

In this essay I will describe and explain the causes and consequences of disruptive innovation. Firstly I will write about what dualism is, why it is important and how to achieve it. I will continue with describing difficulties, which may occur on a company’s path towards it, namely overshooting and inability to recognize the start of a new industry cycle. Further on, I will go deeper in the reasons, why incumbents fail to recognize the new entrants on the market, specifically “attack from below” and other discontinuous patterns of change. In the end I will describe some of the responses taken by established companies to disruptive technologies.

In order for change to be meaningful, innovation must be at the forefront. Constantly pushing boundaries is what allows us to improve the lives of those around us. Disruptive technologies are one of the main forces of innovation. After examining the Philadelphia Water Department, we decided on these two key disruptive technologies.

Disruptive innovation is when there is now a way to serve the people or market that has not been previously served.

Many of us take advantage of the internet in our daily lives now, in fact now there are more devices connected to the internet than the entire human population of our planet. Cisco believes that by 2020 the total things connected to the internet will surpass 50 billion. That doesn’t even include all the devices and things not connected; such as a cell phone without battery. A new form of internet systems is beginning to emerge, and in the coming years it will see huge breakthroughs throughout the 21st century. The internet of things will change many aspects of people’s lives.

Internet of Things (Iot) in recent years, with human technology’s extremely fast improvement, has become something more than it was meant to be. Henry Holtzman explained that IoT was defined as objects that contain some sort of digital shadows (RFID) while us human having a database to manipulate, share and organise these objects in a virtual environment. This very definition was put forward in 1990s, where in present, IoT has evolved into objects that has embedded processers, computing capabilities and the ability to perform communications with other objects. Right now we have objects that could do things much more than the impression we get from its look, the

The influence new technologies have on our society is colossal; Sweeping over businesses, it changes their way to work and their strategies (Manyika, o.a., 2013). To understand why new technologies have such an impact on us, one must understand why new ways to see the world is something worth striving for.

This assignment provides the study on Disruptive Innovation using Clayton Christensen’s framework. Apart from this, this assignment also tells how the companies should react to the upcoming technologies and what should be the course of action for the same.

Because of the increase in the use of the Internet, this information media has become

Disruptive Innovation Theory by Christensen (1997) is one of the important practice of strategic technology innovation. Disruptive innovation has a main focus on development of organization capabilities, developing new markets for technologies. According to Clayton Christensen the man who coined the word, disruptive innovation is a process. He sees that the process became a mechanism through which technology and services are improved with long term surviving nature of organizations. Some examples of disruptive innovations include the calculators which are portable, LCD televisions which replaced cathode ray tube televisions, skype calls revolution in telecommunication in system, Transistor radios. Theory aroused various disparities both in business and academic. Authors like Christensen, 1997, Raynor 2003, Gillbert 2003, Govindarajan and Kopalle 2006 has stated the importance of Disruptive innovation. Various strategies are developed in understanding the theory of Disruptiveness. The main aim of the Literature review is to 1) Understand the concept of disruptive innovation, implementations, 2) Challenges and barriers faced to disrupt, 3) Managing and strategic ways how an organization should implement.

In this article authors have explained the nature of disruptive technology and argued that the leading companies ignore the importance to identify and nurture the technology at right time. They lose the battle to new entrants, who develop and commercialize those technology well ahead and capture the market before incumbent realize the importance of disruptive technology in business. Innovation is the driver for any industry growth and it has been observed that industries able to innovate as well as maintain current customer satisfied are successful.

that the general financial effect of the IoT could reach up to $6.2 trillion by 2025¹, as the

As technology progresses Forbes states that Garner has highlight 10 strategic technologies which include smartphones that are becoming the target for businesses and the public environment. One of the strategies trends that Forbes posted on his website is that “The Internet of Things will be the focus of digital business products and processes in industrial and operational contexts” (Forbes, 2016). The market has grown immensely and it will continue growing. The market will focus on industrial, biomedical and consumer applications. All this company is focusing on lower budgets. As the technology is growing, the intelligence and analytics have to be protected by security due to the risks of computing. As the internet could be used everywhere the storage of devices will need more bandwidth that could be costly. As Forbes states that “Computing will have to move away from static models to deal with the

The concept of the internet of things abbreviated as IoT was introduced as early as the late 90’s by Kevin Ashton, the Executive Director of Auto-ID Labs and a professor at Massachusetts Institute of Technology. Now, “the Internet of things is already a disruptive technology capable of determining fundamental changes that are happening in everyday life, and it is considered the fourth industrial revolution.” (Hucanu) The Internet of Things (IoT)