Disruptive technology: Difference between revisions
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A '''disruptive | A '''disruptive technology''' is a way of doing something that drastically changes the marketplace, usually by putting traditional providers of the same product or service at a severe financial disadvantage, either because the newer way of providing that service is cheaper, easier, or better in some fashion. [[Open source]] [[software]] had a disruptive effect on traditional software companies beginning in the 1990's; many companies had to change their way of doing business as a result. Likewise, [[Voice Over IP]] telephony has had a severe disruptive effect on traditional "landline" telephone companies. There are many other examples which can be found in the marketplace for computer- and internet-based technologies. | ||
Revision as of 08:43, 19 July 2008
A disruptive technology is a way of doing something that drastically changes the marketplace, usually by putting traditional providers of the same product or service at a severe financial disadvantage, either because the newer way of providing that service is cheaper, easier, or better in some fashion. Open source software had a disruptive effect on traditional software companies beginning in the 1990's; many companies had to change their way of doing business as a result. Likewise, Voice Over IP telephony has had a severe disruptive effect on traditional "landline" telephone companies. There are many other examples which can be found in the marketplace for computer- and internet-based technologies.