Disruptive Technology Development

Disruptive technology development refers to innovations that significantly alter industries or markets by replacing established products or services. These technologies often start in niche markets but gradually improve, eventually attracting a larger audience. Examples include smartphones replacing traditional cell phones and streaming services disrupting cable television. Disruptive technologies can create new markets and value networks, often catching established companies off guard, leading to changes in consumer behavior and business practices. Ultimately, they drive progress and can reshape our daily lives and work environments.