Disruptive Technology

Disruptive technology refers to innovations that significantly alter or disrupt existing markets or industries by providing simpler, more affordable, and accessible alternatives. These technologies often emerge initially in niche markets and gradually improve, eventually displacing established products or services. A key characteristic of disruptive technologies is that they can create new market leaders while rendering existing companies or technologies obsolete. Examples include personal computers disrupting mainframe computers, smartphones displacing traditional mobile phones, and streaming services challenging conventional broadcasting. Disruptive technologies typically change the way consumers interact with products and services, leading to shifts in market dynamics and economic structures.