Technology disruption
Technological disruption refers to a rapid shift caused by technological innovation and technical advancement. Disruptive technologies are an example of technological disruption. Disruptive technologies are new technology types that can disrupt existing markets and create new kinds of business. These disruptive technologies have led to some major changes in the transport and hospitality industry. Companies such as Uber and Airbnb are two of the most notable examples of successful disruptive technologies. Uber, for example, has created a more efficient and cheaper method to book cabs online. Airbnb is similar in that it makes renting your home to tourists easier than using hotels. The two corporations opened up new markets and changed the way that businesses do business. Technological disruption can alter existing markets, creating new opportunities for customers and organizations. Cont…
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