Technological Disruption

Technological disruption refers to a significant change brought about by new technologies that transform industries, businesses, or societal practices. This often occurs when innovative solutions emerge, making existing products or services obsolete or less relevant. For example, the rise of digital photography disrupted traditional film photography, leading to the decline of companies reliant on film. Disruption can create new markets, change consumer behavior, and give rise to new industry leaders while posing challenges for established companies to adapt. In essence, it's the process where technology fundamentally alters how we live and work.