I am not into technologies, those that change so ever fast, and always. But I do observe technological trends, along which the development of scientific applications revolves.And of all trends, perhaps disruptive technologies are the defining path of industrial implications, a linear passage that technological progress almost invariably follows. Though the concept of "disruptive technologies" is only popularized in 1997 by Harvard Business School Professor Clayton Christensen in his best-seller "The Innovator's Dilemma", the phenomenon was already evidenced back in 1663, when Edward Somerset published designs for, and might have installed, a steam engine.As put forth by Clayton Christensen, disruptive technologies are initially low performers of poor profit margins, targeting only a minute sector of the market. However, they often develop faster than industry incumbents and eventually outpace the giants to capture significant market shares as their technologies, cheaper and more … [Read more...] about Disruptive Technologies – Part 1: How Music Editors Are Related To Steam Engines
Whats disruptive technology
I have illustrated on how music editors are related to steam engines in Part 1. Why so loose a connection? Because I want to stress the universal timeline from the early days of steam engines to the modernity of music editors, during which technology has evolved in waves of disruption.Now somebody might break that already loose relationship.John C. Dvorak, a very reputed columnist, fervently argues that there is no Clay Christensen disruptive technology in its very own coined definition: disruptive technologies are low performers, "less expensive technologies that enter a heated scene where the established technology is outpacing people's ability to adapt to it".Is my music editors - steam engines connection invalid then, as there is no disruptive, let alone sustaining, technology? I thought so. Yes, I thought so, as in his paper, Dvorak rebukes so persuasively all purported disruptive technologies: the microcomputers are not cheaper than the minicomputers, and neither do internet … [Read more...] about Disruptive Technologies, Part 2: Music Editors and Steam Engines are Still Related
The state’s crucial role in developing the economy to effectively and fairly adapt to disruptive technology in the 4.0 Era is not only about skill development, technology capabilities, or investments in infrastructure. Institutional factors also serve as a key to unlock opportunities for small businesses to pioneer new frontiers despite the higher risks and to bear the rising costs if they remain competitive in the market system. What, then, are these ‘institutional factors’? To obtain tangible and practical answers, let's first discuss the issue of “Institutional factors related to economic efficiency” with an example from European history, particularly the transitional period from the Middle Ages to the Renaissance. During this period, cultural and beliefs changes paved way for people to accept the idea of "interest rates on loans" which was previously considered illegitimate in the medieval times. This change in institutional factor helped … [Read more...] about Efficiency and fairness in era of disruptive technology
Mix tapes were once a forte of mine. Reminder: tape cassettes played music, twin cassette players could record different songs onto tapes, and this primitive technology mixed with a lot of love, created a mix tape. I’d give these to friends as presents, sending them on an emotional musical journey, adding my own little humorous, heartfelt message between songs. My mix tapes took hours to perfect, and the result sounded good. Today, I was irritated when the Spotify playlist on my phone stopped. Turned out Zeke, my four year old boy was dancing with the Sonos next door, stopping my listening pleasure. Another multi-user account we need. This irritation was the first of three first world problems: the Uber stoppedfour4 doors down costing me an extra minute, and a friend sent a messenger post when we’d been chatting on Whatsapp perfectly fine. I love technology. The potential. The future. What’s here and what’s coming. I’m not alone, assuming that many of you … [Read more...] about How To Ensure We Can Embrace Disruptive Technology And Still Live Well
Innovation is a very important stage for any type of business nowadays, we are kind of fed up to hear everywhere innovate or else die, innovation is closely related to technology, there is a time when we face somewhat like a dilemma in the innovation curve. no matter if it is a product, service, marketing, application, potential or lateral.What is really hidden in the very core of this concept? we must answer several questions, of course many questions arise when we are talking about this, however we can summarize these: How can you make an economic decision about technologies? How to transfer a technology into an innovation? What distinguishes sustainable from disruptive technologies? Which factors decide about the innovations to pursue? What is characteristic for successful innovations? How can you successfully design the process of innovation? How can you accelerate the product development process successfully (within an innovation cooperation)? What determines the change from … [Read more...] about Sustainable and Disruptive Technologies – Tips to Differentiate in Order to Improve the Innovation
(VEN) - The blockchain concept, which appeared around 10 years ago, has gained popularity the world over. In the digitization era, the impacts of blockchain can be seen in many sectors in developed countries. Is Blockchain the future of AI-based life? Dr. Chris Berg of the RMIT Blockchain Innovation Hub, Australia, spoke to Vietnam Economic News about the potential, trend and future of applying blockchain technology, in particular to the financial sector. What are the sectors that can apply blockchain technology? Blockchain technology is being used in fields as diverse as cryptocurrencies, the financial sector, supply chain management, health, and cultural industries. How would the blockchain impact the finance sector? What do you think is the current trend and how will it develop in the future? How can safety be ensured in applying blockchain technology in the finance sector and avoiding bubbles? The financial sector will be significantly disrupted by blockchain technology. … [Read more...] about Blockchain the way AI technology works in financial sector?