Keeping up with the speed of technology
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The most popular buzzword in the world of business and technology right now is: innovation. The companies that are looking outward and upward, are trying to guess the future, and get ahead of the trends by using innovation, and disruptive technologies. Our business economy is racing forward at hyper-speed, and the fast pace often sees companies left behind, simply because they couldn’t change fast enough. There is also a huge percentage of the business world who are not being left behind, but they are just barely staying ahead of the curve… and then, there are the elite few who are seeing the curve from a few miles back, and transforming to meet it head on. Those elite few are taking innovation to a whole new level, by creating specific environments, or companies, based solely on this idea of getting ahead of the curve, to predict future trends, and change the world.
Get Hip To The Buzzwords: What Is A Disruptive Innovation?
A disruptive innovation is an innovation that helps create a new market and value network, and eventually disrupts an existing market and value network (over a few years or decades), displacing an earlier technology. A perfect example of a disruptive innovation is 3D printing. For some companies, they hear the words 3D printing and they have no idea what it might be used for, or tangible applications based on their current business model. But for others, the elite few, when they first