Tech Disruption

Tech Disruption refers to significant changes in industries or markets caused by innovations in technology that alter the way businesses operate or consumers behave. It often involves the introduction of new products, services, or processes that fundamentally change the existing business models. This can lead to the obsolescence of traditional companies or practices that cannot adapt to the new technological landscape. Examples of tech disruption include the rise of ride-sharing services like Uber changing transportation models, streaming services disrupting traditional television and film distribution, and digital payment systems overtaking cash transactions. The impact of tech disruption can range from increased efficiency and improved customer experiences to job displacements and shifts in economic power within an industry.