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- Title
Disruptive Technologies: Breaking Boundaries, Transforming Work, Enhancing Lifestyles-A Conceptual Study.
- Authors
Angle, Priya; Biswas, Bhaswati
- Abstract
In the recent years growth in the Indian economy has been fuelled by rapid changes. Changes in technology have occurred so fast that at times it is difficult to keep pace with these new developments. Technology has in fact impacted the way we live and work. It has led to the development of new markets, new products and services, new business models and made redundant established norms and ways of doing business. It is therefore important to understand the likely economic impact and possible disruptive changes that any new technology can bring to a market place. This paper looks at the parameters that helps in classifying technologies as disruptive and tries to identify a few upcoming technologies that are likely to have a major impact on the prosperity of nations. In particular, the paper will focus on the impact of mobile internet on different sectors of an economy. Transformation possible in education, communications, transportation and healthcare sectors due to the advent of mobile internet technology is assessed. Current trends seen in these sectors are highlighted. The key drivers that would lead to the proliferation of mobile internet technology are also evaluated. The paper also tries to postulate what is likely to happen in future. The mobile phone being the identity of a person using near field communications, life in a smart city and the redundance of hospital services due to the introduction of a medical tricorder are explored. We conclude by identifying a few challenges that consumers, corporation and governments' will face in light of disruptive technologies and discuss probable ways of addressing these.
- Subjects
TECHNOLOGY; ECONOMIC impact; MEDICAL care; DISRUPTIVE innovations; TECHNOLOGICAL innovations
- Publication
IFIMs Focus: The International Journal of Management, 2016, Vol 12, Issue 2, p44
- ISSN
0973-9165
- Publication type
Article