Tech Disruption - Technology Disrupting Different Sectors
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In this presentation, we see briefly how tech disruption happened in past, what is tech disruption, when & why it happens, good examples, different sectors ready for it and various technologies causing it.
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Tech Disruption - Technology Disrupting Different Sectors
- 2. Hello! I am Akhil Agrawal Running software company from last 8 years, doing technology consulting, building software products in digital advertising, communication and analytics space. Started BIZense in 2008 & Digikrit in 2015
- 3. Let’s see the agenda Past How tech disruption happened in past ? Concepts What is tech disruption, when & why it happens ? Examples What are good examples of tech disruption ? Sectors What sectors are ready for tech disruption ? Technologies What technologies are mature to disrupt ? Disruption Where is the scope for tech disruption ?
- 4. 1. Past How tech disruption happened in past ?
- 5. Tech Disruption From Past Sector Tech Disruption Market Disrupted Communication Telephony Telegraphy Computer Hardware Smart Phones PC, Laptops, Feature Phones Storage USB CD/DVD Display LED/LCD CRT Medical Ultrasound XRay Photography Digital Photography Chemical Photography Publishing Computer Printers Offset Printers Lighting LEDs Light Bulbs Computing Cloud Computing Inhouse Infrastructure https://en.wikipedia.org/wiki/Disruptive_innovation
- 6. 2. Concepts What is tech disruption, when & why it happens ?
- 7. What Is Tech Disruption ? What Is Disruption ? What Is Tech Disruption ? https://hbr.org/2015/12/what-is-disruptive-innovation “Disruption” describes a process whereby a smaller company with fewer resources is able to successfully challenge established incumbent businesses “Tech Disruption” describes a disruption which happens due to technology – it is the primary enabler, incubator, facilitator or the sole reason
- 8. When Does Tech Disruption Happens ? Technology Is Mature Enough Technology Is Accessible To Many People Technology Has Reached Critical Mass To Impact Technology Has Become Affordable Sector Is Ready For Change Sector has required tech infrastructure Sector has conducive policy framework Sector lacks tech disruption or is in bad shape Sector + Technology + Timing + Product Mature technology in a sector not ready will result in wrong product built on presumptions Technology is not mature but sector is ready will result in longer time to build the product
- 9. Disruption – Four Stages http://www.recode.net/2014/1/6/11622000/the-four-stages-of-disruption-2 STAGE DISRUPTOR INCUMBENT DISRUPTION OF INCUMBENT NEW PRODUCT WITH DISTINCT POINT OF VIEW, NOT SOLVING ALL NEEDS NOT RELEVANT TO MARKET “DENY.” RAPID LINEAR EVOLUTION RAPIDLY ADD FEATURES AND CAPABILITIES, FILLING OUT VALUE PROPOSITION COMPARE & SHOW DEFICIENCIES “VALIDATE.” APPEALING CONVERGENCE ACQUIRE BROADER CUSTOMER BASE BY APPEALING TO SLOW MOVERS. FOCUS ON “INSTALLED BASE” OF INCUMBENT CRAMMING DISRUPTIVE FEATURES TO EXISTING PRODUCT “COMPETE.”. COMPLETE REIMAGINATION REIMAGINE PRODUCT WITHOUT EMBRACING LEGACY CUSTOMERS AS DONE PREVIOUSLY REDEFINING THE NEW PRODUCT MARKET “RETREAT.”
- 10. Why Tech Disruption Happens? - Technologies Evolving Faster Than Ever http://www.ey.com/Publication/vwLUAssets/EY-four-themes-describe- historic-change-in-the-technology-sector/$FILE/EY-four-themes- describe-historic-change-in-the-technology-sector.pdf
- 11. 3. Examples What are good examples of tech disruption ?
- 12. Low-End Market – Less Valuable To Large Players Uber Micromax https://techcrunch.com/2016/02/27/why-clayton-christensen-is-wrong-about-uber-and-disruptive-innovation/ https://en.wikipedia.org/wiki/Micromax_Informatics UberX started down- market from traditional taxis by allowing anyone with a car to drive other people around for money Micromax launched first feature phone with extended battery life focusing on rural market, due to lack of electricity UberX started from a low- market foothold and moved upstream to disrupt the taxi market Moved upstream from there with powerful & high end smart phones for urban market
- 13. New Market – Market That Doesn’t Even Exist Before Square Tally http://reactionwheel.net/2016/05/disruption-is-not-a-strategy.html Square provided credit card processing to businesses using smart phones that used to be cash only Tally targeted SMEs in India providing them with low cost ERP solution, who weren’t using any software before This is the new market which other POS don’t even consider as requiring credit card processing Tally created this new market, though it was being pirated by many, they will pay eventually
- 14. 4. Sectors What sectors are ready for tech disruption ?
- 15. Which Sectors ? Properties Less Regulated Low CAPEX No Entry Barrier Bad Shape Urgent Need Less Disruption Open To Technology Conducive Policy Tech Infrastructure
- 16. Education Sector
- 17. 5. Technologies What technologies are mature to disrupt ?
- 18. Which Technologies ? Properties Low Cost Skilled People Highly Scalable Easy Adoption Robust & Stable Learning Material Fast Evolving Secure & Wide Application Applied To Many Sectors No Entry Barrier Many Capabilities
- 20. 6. Disruption Where is the scope for tech disruption ?
- 21. Technology Is Disrupting Everything Disrupting Business The intersection of cloud and mobile changed everything Mobile in every pocket, apps in app store using cheap cloud services has fundamentally changed business Disrupting Us Technology is disrupting us & what’s changing is the way we work (& expect to work) Range of responses to digitization of certain industries - both positive & negative Disrupting Institution Institutions tend to react much, much too slowly to technological changes It is no simple matter to disrupt these institutions as they have many stake holders with very different ideas on change https://techcrunch.com/2016/03/16/technology-is-disrupting-everything/ As a student learn disruptive technologies, on job understand the sector well but aim to create products that bring tech disruption to any sector “
- 22. References http://genhq.com/wp-content/uploads/2016/01/iGen-Gen-Z-Tech- Disruption-Research-White-Paper-c-2016-Center-for-Generational- Kinetics.pdf https://www.cbinsights.com/blog/industries-disrupted-blockchain/ http://bigthink.com/think-tank/vivek-wadwha-talks-tech-disruptions- on-the-horizon http://platformed.info/a-platform-thinking-approach-business- engine-scale/ https://www.kpmg.com/IN/en/IssuesAndInsights/ArticlesPublication s/Documents/Six-Converging-tech-trends.pdf https://techcrunch.com/2016/02/27/why-clayton-christensen-is- wrong-about-uber-and-disruptive-innovation/ http://www.claytonchristensen.com/key-concepts/ https://www.cbinsights.com/blog/industries-disrupted-blockchain/ https://techcrunch.com/2016/03/16/technology-is-disrupting- everything/ https://www.cbinsights.com/blog/ed-tech-market-map-company-list/
- 23. Thanks! Any questions? You can find me at: @digikrit [email protected] Special thanks to all the people who made and released these awesome resources for free: Presentation template by SlidesCarnival Presentation models by SlideModel