Disruptive Innovation

Disruptive innovation is a term used to describe a new technology, business model, or product that radically changes the way existing markets and industries operate. Disruptive innovations can cause existing companies and organisations to struggle to respond to them, since the new technology may not fit with their existing processes, resources, and strategies. These innovations can have a significant and lasting impact on the way businesses and organisations operate, enabling them to reduce costs and increase efficiency. These innovations can also open up new opportunities and revenue streams, leading to further innovation and growth. Examples of disruptive innovation include the introduction of mobile phones, online streaming services, and artificial intelligence.