In: Operations Management
Indicate specific areas of further research in disruptive innovation that would prove beneficial?
Are there particular industries or technologies that will be impacted by disruptive innovation? If this impact is positive, how can it be maximized, and if negative, how can this impact be mitigated?
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Specific areas for the research in disruptive innovation that would prove beneficial:
1. Artificial intelligence: artificial intelligence is one of the biggest disruptive innovation, on which research is still continued to further exploit the benefits. It is a type of disruptive technology under which we are looking for intelligence among the computer as depicted by the name- artificial intelligence. Here, computers and other machines are trained to learn and act more like humans and use their own brains.
2. Online education: it can be considered as an area for the research in disruptive innovation that would prove to be beneficial for the upcoming future for the students. With the passage of time the value of education is increasing, and online education provides an ease to the students who are from remote areas and cannot travel miles to study. So this can be an area for the research in disruptive innovation.
Particular industries or technologies that would be impacted by innovation and how to maximize their positive impact and mitigate the negative impacts:
1. Education: education is positively impacted by disruptive technology. Online classes have been introduced, and it provides an ease to the remote areas students who are willing to study. Its impact can be maximized by promoting the use of online platforms for education.
2. Book stores: Book stores are negatively impacted by disruptive technology where everything is now available online, even books. Books are readily available online, and are easy to carry. It has impacted a lot in the book stores. Its negative impact can be mitigated by spreading awareness about the hard copy of books and formulating advertising policy in a way that consumers start preferring real Book stores over online stores.
3. Music industry: The music industry has a positive impact on disruptive technology, as there are many online music streaming applications available to the customers, Thus, promoting the revenue of the music industry. Its positive impact can be maximized by further innovation according to the preferences of the customers.