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Disruptive Technology

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Table of Contents

o Define and select disruptive technology …………………….. 3

o [ Why was it disruptive]........................................................................................4

o [ characteristics of disruptive technology].......................................................4-5

o [History ].................................................................................................................5

 [ Impact]..................................................................................................5-7

o SWOT ……………………………………………………………………7-8…

o Application to Business …………………………………………………… 8-10

o Implementation ………………………………………………………………..10-

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o Conclusion

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o references …………………………………………………………………….13
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 Define and select disruptive technology

Disruptive technology refers to an innovative advancement that brings about substantial

changes in the operational processes of consumers, industries, or businesses. Disruptive
technology eliminates the existing systems or behaviours it replaces due to its superior
qualities. Recent instances of technological disruption encompass e-commerce, online
news platforms, ride-sharing applications, and GPS systems. Similarly, the automobile,
electrical service, and television, during their respective eras, might be regarded as
disruptive innovations. Industrial intelligence serves as an illustrative instance of
disruptive technology.

Artificial Intelligence (AI) is anticipated to be the primary catalyst for significant

technical advancements in contemporary society. Alongside the Internet of Things (IoT),
blockchain, and various other technologies, artificial intelligence (AI) is often regarded as
a highly disruptive innovation. It has had a profound impact on multiple industries,
including healthcare, companies, agriculture, education, and urban planning. The primary
objectives of this study are as follows:
(1) to examine the historical development and current level of acceptance of disruptive
technologies, and
(2) to identify the most significant disruptive technologies currently in use, excluding
artificial intelligence (AI). Additionally,
(3) to provide a detailed analysis of the domains that have been affected by AI and the
mechanisms through which this impact has occurred. The study of mood in abstracts and
titles indicates that a significant proportion of recent works exhibit a favourable
connotation about the disruptive influence of edge technology.

It refers to the process by which machines do jobs that have traditionally relied on
human intelligence. The technologies encompassed within this category consist of
artificial intelligence, recognition of patterns, big data, neural networks, self-algorithms,
and others. Artificial intelligence (AI) encompasses intricate processes, such as inputting
specific data into a system and eliciting appropriate responses based on many contextual
factors.

The concept primarily revolves around the development of autonomous learning patterns,
enabling machines to respond to previously unanswered inquiries in a manner akin to
human capabilities. AI technology plays a crucial role in the analysis of data, hence
enhancing the efficiency of many systems such as power management in automobiles,
handheld gadgets, weather forecasting, as well as video and picture analysis.
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 Why was it disruptive?

Artificial intelligence (AI) plays a crucial role in facilitating disruptive innovation,

resulting in the development of transformative products and services that cater to low-end
or underserved consumers and transition into the mainstream marketplace. The
aforementioned technology catalyzes the disruptive innovation that is presently being
observed. An instance of an AI-enabled sharing economy can be observed as a novel
business model wherein individuals can provide their assets to others as services, hence
optimizing the utilization of these assets and generating financial gains. The
aforementioned methodology has been effectively used across various domains, including
ride-sharing, smart quick prototyping, smart grids, and housing, among others. As per
The Innovator's Problem, the objective of sustaining innovation is to meet the existing
needs of customers, enhance product performance through customer feedback, minimize
errors, and increase speed and power. Conversely, disruptive innovation meets the future
demands of customers and may offer reduced performance in certain important aspects,
but also generates distinctive features that are highly valued by the market.

ChatGPT is not the sole AI technology that appears to outperform humans in particular
creative jobs with more efficiency and speed. Images are provided by DALL-E, a
platform developed by Open AI. Request a photograph of a feline engaging in cellular
activity while aboard an aircraft, and DALL-E will promptly furnish one. Graphic design
can be implemented on a large scale. High school presentations often incorporate a
plethora of visual aids. The specific technological possibilities that will be released
remain uncertain, however, enhancing the skills of millions of individuals in picture
creation and manipulation will have a significant influence on the economy.

The latest advancements in AI will undoubtedly bring about a period of difficulty and
financial distress for individuals whose occupations are directly affected and who
struggle to change - what economists fraudulently refer to as "adjustment costs."
Nevertheless, the genie will not return to its original state. The progression of innovation
will persist, necessitating the utilization of emerging abilities for the betterment of
society. To accomplish this, we need to inquire about the potential use of these novel
tools in constructing novel networks.

 What are the characteristics of disruptive technology and how do they apply
to your selected technology?

Let us examine many attributes associated with disruptive innovation.

 Valuable technology - A corporation seeking to revolutionize the market will
consistently leverage beneficial technology that attracts a wide range of consumers.
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 Competitive pricing - The product prices are comparatively lower than those of larger
 corporations. These factors facilitate the gradual entry of enterprises with disruptive
innovation into the established market.

 High risk — New small enterprises seeking to disrupt have an elevated risk due to the
potential failure of all disruptive concepts. The value of the product has transformed due
to its increased affordability for a wider user base. The process has the potential to result
in the development of a novel product or service or the adaptation of an already
established technology.

 Gradual initiation - The new company must establish a presence in the market, a
process that cannot be accomplished instantaneously. The presence of significant
competition necessitates a protracted and time-consuming process. After reaching a
particular threshold, the new participant might anticipate exponential growth as a
consequence of successfully penetrating the largest market segment.

 What is the history of the disruptive technology? Where and who created it?

Disruptive technology, sometimes known as disruptive innovation, pertains to the phenomenon

when a novel business model successfully captures an untapped market or income stream,
subsequently expanding to the point where it surpasses established competitors. Technologies,
while not inherently disruptive, can have a disruptive impact when applied to a new business
model.

The concept of technological disruption was initially introduced by Clayton Christensen, a

professor at Harvard Business School, in 1995. Christensen further elaborated on this word in his
publication titled The Innovator's Dilemma, which was published in 1997. In the subsequent
publication, titled "The Innovator's Solution," the author substituted the acronym with the
concept of disruptive innovation.

Disruptive innovations are typically generated by external entities and individuals within startup
enterprises, as opposed to established market-leading corporations. Market leaders face
constraints in pursuing disruptive technologies due to their initial lack of profitability and the
potential diversion of limited funds from sustaining breakthroughs, which are crucial for
competing against existing rivals. It is more probable for small teams to generate disruptive
breakthroughs compared to large teams. The development of a disruptive process may require a
longer duration compared to conventional approaches, and it carries a higher level of risk
compared to incremental, constructional, or evolutionary forms of innovation. However, once
implemented in the market, it exhibits a significantly accelerated penetration and a greater degree
of impact on traditional industries.

 What impact did the technology have?

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The benefits of these breakthroughs include the introduction of novel business models and the
ability to enter previously inaccessible areas, thereby converting disruption into favourable
opportunities. Organizations have the potential to attain cost reductions through the adoption of
disruptive technologies, such as machinery and industrial automation, hence facilitating their
entry into the market with products and services that are more economically accessible. These
innovations improve operational effectiveness by transitioning from obsolete strategies and
frameworks that lack adaptability to the ever-changing global market.

Moreover, these tools facilitate the identification of distinct market segments in which firms may
effectively cater to unmet expectations. They also enable the development of novel business
models to fulfill these demands and immediately flag areas that require prospective or needed
improvements.

• Novel advantages
One of the key attributes of disruptive technology is its ability to provide users with
unique and substantial benefits. The advent of this specific technology in the market has a
profound and revolutionary effect on every sector. The emergence of the internet has profoundly
transformed conventional approaches to acquiring information, such as archives, papers, and
social connections. Moreover, it revolutionized the approach to studying for individuals. By
embracing revolutionary technology, both individuals and companies can leverage the benefits it
offers in their daily operations.

 Potential for establishing a new business

Disruptive technology offers upstart enterprises the chance to establish a substantial presence in
established industries. Early adopters of new technologies might position themselves as
influential figures in a new market. This presents a distinctive opportunity for small firms to
undergo swift expansion and potentially surpass larger, more established corporations.

Potential for business expansion • When a well-established business proactively adopts

disruptive technology, it can capitalize on favourable prospects for growth, either within its
existing industry or in a novel industry propelled by the technology. Corporations that
successfully integrate disruptive technology into their current goods and services have the
potential to facilitate the adoption of disrupting technology by their existing client base, while
simultaneously attracting new customers through their entry into a new market.

Artificial intelligence-driven chatbots and virtual assistants provide continuous customer support,
effectively managing inquiries and resolving typical problems without the need for human
involvement. This not only enhances client happiness but also enables your team to allocate their
attention towards more intricate inquiries. Artificial intelligence may assist businesses in
predicting demand, optimizing inventory levels, and improving logistics planning to efficiently
and economically meet consumer requests in the field of operation as well as supply chain
management.
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• Marketing and Sales: AI enables firms to automate marketing activities on a large

scale, resulting in improved consumer engagement and conversion rates. Artificial intelligence
(AI) systems possess the capability to evaluate client data to tailor suggestions content, and
promotions based on the unique interests of individual customers.

 Who are the key players (Focus on top 3 and create a SWOT analysis for each
company)

One of the notable advantages of artificial intelligence is its ability to enhance worker efficiency.
Instead of using significant amounts of human effort on mundane and repetitive tasks, employees
have the option to set artificial intelligence to handle them instead. While we have previously
utilized machines in production lines, AI enables us to effectively handle a wide range of jobs
with greater efficiency.

Incorporated into numerous industries. Artificial Intelligence (AI) is currently employed

throughout several sectors, encompassing digital marketing and healthcare. The required AI type
and level of complexity vary depending on the specific work. For instance, automating emails
requires less computational capacity compared to organizing a database of patient information.
AI is being utilized not only to organize information but also in the domains of facial recognition
and academic research.

•Enhanced standard of living: Artificial intelligence is also employed in non-work

settings. AI is also being utilized by those who possess smart speakers and light bulbs within
their households. These technologies facilitate household management and have the potential to
decrease electricity expenses. Artificial intelligence (AI) can be integrated into automobiles,
provided that the brand being purchased is Tesla.

The limitations inherent in artificial intelligence: Artificial intelligence continues to lack

human-like qualities. It is widely acknowledged that artificial intelligence is a technological
advancement. Either a computer or an algorithm can be considered. However, it is not of the
human species.

The aforementioned point possesses both strengths and weaknesses concurrently. As an

advantage, it signifies that individuals employed in occupations that necessitate a certain level of
"humanity" experience a sense of security, as their positions are not yet susceptible to being
taken over by our technical superiors. However, this vulnerability implies that AI has certain
limitations. It serves as a tool, but it does not guarantee a solution. AI is capable of
communication, but it cannot communicate on an emotional level. While it can process
information, it cannot comprehend or respond to the intricacies of human emotion.

The opportunity to outwit us: Developers consistently strive to redefine the boundaries of
artificial intelligence. Currently, it possesses the capability to accomplish a task, acquire
knowledge, and remember information. However, it is possible that in the future, it will reach a
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stage where it can enhance and restructure itself without any human involvement. The potential
truth of the robot’s uprising in the movie is what people remember.

The potential of artificial intelligence: Integrating artificial intelligence with emerging

technologies. The integration of artificial intelligence with emerging technologies such as deep
learning, machine learning and the World Wide Web of Things (IoT) is evident. It will probably
be included in programming, allowing developers to resolve issues in reverse. This facilitates
improved problem-solving capabilities, potentially yielding advantages for several sectors, such
as customer service.

Intelligent vehicles propel advancements for individuals with disabilities. Currently, there is
a notable integration of artificial intelligence (AI) inside the automotive industry. Tesla car
models utilize autonomous driving technology to navigate highways and park without requiring
human intervention. Undoubtedly, this is a concept derived from a science-fiction work (also
known as cool), but it also offers advantages for individuals with impairments and has a positive
effect on their driving proficiency.

The potential risks posed by artificial intelligence

 Employment theft.
There is a prevailing belief that the implementation of artificial intelligence would result
in unemployment. Indeed, this phenomenon is occurring on a limited magnitude. Consider the
self-checkout systems employed by Walmart. There are multiple individuals involved, with just a
limited number of personnel intervening when a customer has an issue.

The elimination of human cashiers is a feasible prospect for corporations in the future.
This exemplifies the phenomenon of AI assuming control of uncomplicated human operations,
while simultaneously diminishing employment prospects. To address this issue, the job market
will need to undergo reform. Instead of being substituted, mankind will be required to
collaborate with AI. The viability of this future is yet to be confirmed.

 Application to Business (Explain the technology and how it applies to you?)

The business applications of artificial intelligence encompass the automation of repetitive

processes, the optimization of efficiency, and the generation of important insights through data
analysis. Additionally, it can assume responsibility for duties in several domains including
customer support, marketing, finance, and logistics. AI technologies, such as computer learning
as well as the processing of natural languages, provide organizations with the capability to
optimize and simplify their operational procedures. By utilizing these technologies, enterprises
can make decisions based on data, enhance client experiences, and optimize overall performance.

By examining employee performance data, artificial intelligence (AI) detects deficiencies in

skills, enabling firms to develop focused training initiatives aimed at particular areas for
enhancement. AI-powered adaptive instructional systems can modify content and challenge
levels in response to learners' progress, hence enhancing interest and facilitating the retention of
information.
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Immersive training environments, facilitated by virtual reality (VR) and augmented reality (AR)
apps, seem to be highly advantageous for the practical enhancement of skills. Chatbots and
artificially intelligent assistants powered by artificial intelligence (AI) provide immediate
assistance and input, while predictive analytics provide valuable insights into the efficacy of
training courses. This enables a process of ongoing learning and enhancement.

AI enables the creation of intelligent machines through the utilization of predictive techniques
and extensive data analytics. These solutions enhance operational efficiency and cost reduction
by streamlining and optimizing repetitive activities.

AI-driven robots have been found to enhance accuracy and speed in manufacturing, hence
leading to improvements in production processes. The supply chain and logistics industry can get
advantages from artificial intelligence (AI) through its ability to make intelligent decisions in
managing inventories, optimizing routes, and fulfilling orders. The integration of artificial
intelligence in corporate operations enables robots to effectively adjust to dynamic situations,
hence enhancing their adaptability and utility across diverse sectors.

Machine learning algorithms are utilized to examine datasets to detect patterns of client
behaviour. These tools enable firms to enhance their marketing strategies and effectively reach
certain groups of the audience.

AI engines for recommendation play a crucial role in augmenting the consumer experience by
providing personalized suggestions for items or services, taking into account individual tastes.
These factors contribute to the expansion of cross-selling and upselling prospects. Additionally,
predictive analytics plays a crucial role in predicting market trends and improving pricing tactics.
In addition, the implementation of automation in promotional emails, chatbots for immediate
client interaction, and AI-driven content generation all enhance the effectiveness and precision of
marketing initiatives.

 Future of the Technology (Opportunities/Issues)

A policy framework for the coming decades of innovation and technological advancement
should prioritize the establishment of a conducive climate that facilitates the positive effects of
disruptive technologies on the marketplace, society, and the environment, while also mitigating
inequities.

The adoption of a holistic approach, including the entire economy or a significant portion of
society, is necessary as relying solely on technology does not ensure success. Policymakers must
consider the specific circumstances and circumstances of each locality to establish political,
economic, and social structures that facilitate the creation of employment opportunities and
promote inclusive economic development through technology.

The promotion of the research and development (R&D) sector is imperative to foster the
establishment of product design centres that are tailored to the specific requirements of the
Indian environment and consumer base.
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Requirement for Government Assistance: It is imperative to secure governmental backing to

offer incentives for the implementation of distributed production in smaller towns. Additionally,
the IT industry should focus on developing platforms and markets that facilitate seamless
connectivity between customer requests, item creators, and producers.

International cooperation remains an ongoing process due to the recent establishment and
ongoing development of disruptive technologies such as artificial intelligence (AI) by many
countries. At the level of multilateral agreements, standards are established.

 Problems:
Continuing Challenges: Developing nations such as India are commencing from a precarious
position, as they are already contending with the obstacles of limited human resources,
inefficient organizations, and a challenging business climate.

Trust and Ethical Considerations: The issue at hand does not solely revolve around Disruptive
Technology, but rather encompasses ethical concerns about confidentiality, control, and
openness that are interconnected with these innovations, hence giving rise to apprehension.

Adaptability Challenges: Disruptive innovations require a considerable amount of time to

demonstrate their effectiveness in the intricate marketplace, and a significant duration is also
required to enter the market. In addition, disruptive ideas must possess the ability to adjust to the
prevailing market conditions.

Unvalidated and Time-consuming: Emerging technologies often lack rigorous testing and
refinement during their first phases, necessitating extensive development efforts that can span
many years.

Any novel concept, contingent upon its practicality and capacity to satisfy market demands, must
endure a period of development and refinement. The establishment of a new idea, product, or
service in the market typically requires a substantial duration.

The presence of outdated technology can lead to redundancy, as novel thoughts or companies
have a propensity to disrupt old concepts, goods, solutions, or businesses. Consequently, this
fosters intense rivalry within the market. Introducing a new idea can be quite difficult because
incumbent businesses may employ various strategies to avoid being eliminated from the market.

 Implementation of Technology (How will you implement? Plan of action)

Once the appropriate AI solutions have been found, the subsequent step involves formulating a
comprehensive deployment plan. The proposed approach should delineate:
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Quantification of Timelines: Establish a pragmatic timeline for every stage of the

implementation process. Allocate sufficient time for conducting tests and iterations to enhance
the AI systems by incorporating real-world feedback.

Duties and Obligations: Enumerate the team members participating in the AI implementation
and precisely delineate their respective tasks. It is advisable to include a diverse group of IT
specialists, data scientists, and operational managers to ensure comprehensive coverage.

Data Preparation: A Comprehensive Overview of Data Preparation for Artificial Intelligence.

This includes the processes of data cleansing, integration, and the implementation of privacy and
security protocols.

Training and Change Management: Develop a comprehensive strategy to educate your

employees on utilizing new AI tools and effectively oversee the transition throughout the whole
firm. Obtaining employee support is crucial for the successful execution of a project.

A meticulously prepared plan for implementing artificial intelligence (AI) functions as a strategic
guide, facilitating the seamless integration of AI into a business's operational framework. To
ensure a seamless transition to AI-enhanced processes, it is crucial to address five essential
elements. This will pave the way for better efficiency, creativity, and an edge over others in the
marketplace.

The Integration of Artificial Intelligence in Organization Operations • After establishing a

solid foundation through meticulous planning and preparation, the attention turns to the practical
execution of artificial intelligence within your organization. This stage involves the
implementation of strategic plans and the initiation of AI solutions to revolutionize operations.
The process of implementation encompasses a sequence of stages, commencing with integration
and culminating in monitoring, to ensure the successful adoption and delivery of the expected
advantages of AI technologies.

The Implementation Process • Incorporating AI into the organization entails a series of steps
that necessitate meticulous oversight to guarantee triumph:
The initial step involves the integration of artificial intelligence (AI) solutions into pre-existing
systems and operations. Ensuring compatibility may necessitate technological tweaks, while
seamless functioning may require bespoke development effort.

Testing: Before complete implementation, perform comprehensive testing of AI solutions in a

controlled setting. This process aids in the identification of potential flaws or areas that require
improvement, hence ensuring the proper functioning of the AI system. Implementation:
Implement the AI solution gradually throughout the company. The selection of a staged method,
commencing with a pilot program and subsequently expanding, is contingent upon the intricacy
and ramifications of the proposed solution.

Training: Ensure that the appropriate personnel receive training to effectively utilize and oversee
the new AI technologies. The training program should encompass not just the operational aspects
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of the technology, but also the ability to evaluate its outputs and make informed decisions based
on data. The performance of AI solutions should be regularly monitored and iterated upon
deployment. Gather user feedback and analyze performance data to discover potential areas for
enhancement. Artificial intelligence (AI) systems frequently necessitate modifications and
refinements to maximize their efficacy.

 Conclusion (Your thoughts on the technology)

With the growing integration of AI in many areas of business, organizations are

increasingly depending on it to make crucial choices. AI has become a pervasive technology
since it enables organizations to leverage AI-based innovation, enhance customer experience,
and maximize profit. In addition, despite prevailing notions that AI will supplant humans in
various professional positions, the next years may see a cooperative partnership between humans
and machine
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