Disruptive technologies are those that significantly alter the way that businesses or entire industries operate. These changes are often viewed with skepticism and resistance as they require a significant shift in how companies and individuals think about how to accomplish tasks.
A good example of a disruptive technology is 3D printing, also known as additive manufacturing. If you have not yet heard about this technology, you can learn more by reading a blog about 3D printing and its impact on business and individual lives.
3D Printing
3D printing involves using a computer-aided design (CAD) program to create a three-dimensional model of an object. Once the model is complete it can be sent to a 3D printer which will print, layer by layer, the object in plastic or metal on your desktop or even in your home. The technology is still new but already has numerous applications for consumers as well as for businesses.
Some of the ways that businesses are already utilizing this disruptive technology include:
Disruptive technologies are those that significantly alter the way that businesses or entire industries operate. They force companies to change the way they work, often shrinking or even eliminating their markets.
3D printing is the most recent disruptive technology to enter the scene – and it’s already having a big impact on businesses and individuals. The technology has been around for several decades, but only recently has it become affordable to the average consumer. The prices of desktop 3D printers have dropped by as much as 50% in the last few years, making them more accessible than ever.
The most obvious change that 3D printing is causing is a shift from buying to making. Consumers no longer have to purchase everything they want; they can now simply download a blueprint and print it out themselves. This includes everything from children’s toys to replacement parts for household appliances, which means more money in the pockets of consumers and less for retailers and manufacturers.
3D printing, also known as additive manufacturing (AM), is the process of producing a three dimensional object by depositing a material layer by layer. The use of 3D printing may be traced back to the 1980s when Chuck Hull of 3D Systems Corp invented stereolithography to create prototypes of models using photopolymer resins.
3D printing allows you to make a part from design to finished product in just one step, allowing for shorter lead times, faster time-to-market, and greater efficiencies with less waste.
The promise of 3D printing is infinite, but it has its limitations. Currently, only small parts can be printed, so most companies still use traditional manufacturing for larger products. And although there are hundreds of different materials that can be used in 3D printing, each material has its limitations based on mechanical properties, food safety requirements, or biocompatibility issues.
Read on to learn more about how this technology is disrupting our world with its endless possibilities.
One of the largest, most transformative trends in technology today is the widespread adoption of 3D printing (also called Additive Manufacturing). This disruptive trend is causing a rapid transformation across industries from manufacturing, to medicine, to aerospace.
3D printing provides a number of benefits that traditional manufacturing technologies do not. As a result, it is disrupting and transforming business models. 3D printers are able to quickly and easily produce complex designs that would be nearly impossible or cost-prohibitive with traditional manufacturing techniques.
The ability of 3D printers to produce complex designs can save manufacturers time and money by reducing tooling costs, prototyping times, and production times. In addition, 3D printers allow manufacturers to produce small batches of custom parts at a low cost.
3D printing has also found success in the medical industry as well. 3D printed prostheses and implants can have unique shapes which conform better to each patient’s unique anatomy and physiology. For example, in 2013 doctors performed the first partial skull implant using a 3D printed implant customized for each patient’s skull.
The disruptive technology and innovation course is focused on the study of establishing new ventures in highly regulated industries. The course content explores entrepreneurial opportunities arising out of the convergence of various disruptive technologies (such as mobile, cloud, big data, social media, robotics, 3D printing, virtual reality/augmented reality, blockchain , artificial intelligence/machine learning and Internet of Things) with various sectors (such as health care, education, transportation, energy and others).
Students will develop a business model around an opportunity arising from the convergence of these disruptive technological trends with a specific sector or industry. After identifying and evaluating relevant opportunities for new venture creation within a specific industry context (e.g., health care), students will use the business model canvas framework to develop a business model that can be implemented to create new ventures around those identified opportunities.
The course is designed to equip students with the necessary skills and knowledge to understand the potential impact of emerging technologies on specific industries and come up with innovative business models that capitalise on these emerging opportunities through entrepreneurship.
The course is structured around lectures involving case studies and real life examples that highlight both successful and failed attempts at creating new ventures in highly regulated industries using emerging technologies. These will be supported by reading materials selected by faculty members based on their own
Disruptive Technologies is a Swedish Research Institute focused on generating and commercializing new technology. The company was founded in 2013 and has its headquarters in Linköping, Sweden.
In 2015, Disruptive Technologies was awarded the “Best New Business of the Year” award at the Swedish Venture Cup . In 2016, Disruptive Technologies achieved a landmark milestone with the launch of its sensor products.
In 2017, Disruptive Technologies partnered with Microsoft to help customers take advantage of their Internet of Things (IoT) platform.
The company is also active in several research projects funded by the European Commission and other organizations. It has been involved in projects related to the Internet of Things (IoT), Industry 4.0, smart cities and smart homes.
A disruptive technology is one that displaces an established technology and shakes up the industry or a ground-breaking product that creates a completely new industry.
The term is used in business and technology literature to describe innovations that improve a product or service in ways that the market does not expect, typically first by designing for a different set of consumers in a new market and later by lowering prices in the existing market.
A disruptive technology or disruptive innovation is an innovation that helps create a new market and value network, and eventually goes on to disrupt an existing market and value network (over a few years or decades), displacing an earlier technology. The term was defined and phenomenon analyzed by Clayton M. Christensen beginning in 1995. However, the term is now used in the strategy literature to describe strategies that improve performance of established firms.
