What is disruptive innovation in technology?
An example of an AI chatbot conversation about disruptive innovation in technology.
What is disruptive innovation in technology?
Disruptive innovation refers to technological advancements that significantly alter industries or create new markets, often displacing established companies.
Can you give me some examples of disruptive technologies?
Sure! Examples include the internet, smartphones, and streaming services, which have transformed communication, entertainment, and media.
How does disruptive innovation impact businesses?
It forces businesses to adapt or risk obsolescence, often leading to new business models and strategies to stay competitive.
What are the risks associated with disruptive innovation?
Risks include potential market disruption, investment in failing technologies, and the challenge of adapting to rapid changes.
How can companies prepare for disruptive innovation?
Companies can foster a culture of innovation, invest in research and development, and stay informed about emerging trends.
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