...THE INFLUENCE OF DISRUPTIVE INNOVATIONS ON NEW AND EXISTING BUSINESS MODELS. Introduction A disruptive innovation can be simply referred to as the application of technological advancement, product, or service that eventually overturns the existing dominant technology or status quo product in the market. Disruptive innovations are innovations 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 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. Some examples of disruptive innovations include: telephones replacing telegraphs, cell phones replacing land lines, digital photography replacing films etc In today’s complex, dynamic business world, having a disruptive innovation capability is mandatory, both for growing a business and protecting existing markets. But leading disruptive innovation requires new mindsets and behaviors, for leaders themselves and for the organizations that develop them. Disruptive Innovation is not a break through innovation that makes good products a lot better; it transforms a products that is expensive and complicated as such only few people with a lot of money could afford it. Disruptive Innovation...
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...McKinsey Global Institute May 2013 Disruptive technologies: Advances that will transform life, business, and the global economy The McKinsey Global Institute The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company, was established in 1990 to develop a deeper understanding of the evolving global economy. Our goal is to provide leaders in the commercial, public, and social sectors with the facts and insights on which to base management and policy decisions. MGI research combines the disciplines of economics and management, employing the analytical tools of economics with the insights of business leaders. Our “micro-to-macro” methodology examines microeconomic industry trends to better understand the broad macroeconomic forces affecting business strategy and public policy. MGI’s in-depth reports have covered more than 20 countries and 30 industries. Current research focuses on four themes: productivity and growth, the evolution of global financial markets, the economic impact of technology and innovation, and urbanization. Recent reports have assessed job creation, resource productivity, cities of the future, and the impact of the Internet. MGI is led by McKinsey & Company directors Richard Dobbs and James Manyika. Yougang Chen, Michael Chui, Susan Lund, and Jaana Remes serve as MGI principals. Project teams are led by a group of senior fellows and include consultants from McKinsey’s offices around the world...
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...overview of the choices and challenges for carmakers and consumers over the next 10 to 15 years. Imagine being able to sit back during your morning commute while your car does the driving. Would you move closer to the country? Take up the oboe? Finally read 'War and. Peace? And just imagine the freedom it would bring to those who are disabled. Take, for instance, the legally blind man who earlier in 2012 took a spin in Google's self-driving car to go to Taco Bell and then pick up his dry cleaning. Following Nevada's recent legalization of driverless cars on the road, Florida has passed a bill allowing tests of self-driving cars. And legislation has also been introduced to make self-driving cars street legal in California. Self-driving cars may take some getting used to, but we are only at the dawn of a new age in automotive automation. Ever since the 1939 World's Fair, the idea of autonomous vehicles has captured the public's imagination. Today, intelligent, green vehicles are driving the future of transportation. The looming energy and environmental MegaCrisis has carmakers scrambling to raise fuel economy and develop commercially viable vehicles that limit pollutants. Enabling technologies such as advanced IT systems, artificial intelligence, and speech recognition are giving rise to smart cars that drive themselves and to highway "road trains" or platoons. However, some skepticism remains for the latter, as the rapid installation of intelligent systems in vehicles...
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...Abstract Information Technologies lie at the heart of the United State (U.S.) economic, military and social activities, and provides tremendous benefits in all these areas. However, with the current advancement of emerging technologies i.e. bionics and smart devices, there are a wide range of vulnerabilities and malicious maneuvering rising up against them. The future of these emerging technologies brings with them a complex set of security issues and policy concerns, which need to be precisely balanced in order to protect national interest and personal and private security. As theses technologies are developed and made practical for effective use by the U.S. military and private use, policy development and governance must keep pace. Keywords: Cybersecurity, IT Governance, Cybersecurity Innovations, Emerging Technologies, Bionics, Smart Technologies Introduction Most electronic technologies depend on a wide range of information technologies, Wi-Fi and many cases the Internet to relay critical data. Devices built with information technologies, requires remote validation or operation and is based on security protocol to protect them are vulnerable to manipulation and compromise attacks. Is the level of built in securities going to be enough to secure the trust between human users and machines, protect against rogue insider threats and nation-state conflicts worldwide? Will there be enough protection to ensure there...
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...following questions: What will the automobile industry at large look like in 2025? What trends/shifts will shape mobility in the years to come? What will drive the success of future winners? We quickly realized that our project scope needed to be broader to cover all of the megatrends we indentified and address them as it pertains to specific geographic regions of the world. Cars being mass produced on the assembly line will be a thing of the past. The commercials today for Buick of not ‘driving your father’s Buick’ will even be more pronounced in 2025. In fact, my father would have thought he was living in a science fiction movie! The mantra of ‘have it your way’ will become the mission statement of the automobile industry – both from a consumer and an employee perspective…if they want to remain successful in the industry. Our results? The automobile industry will remain a capital-intensive business model and thus limited in terms of its margin growth. However, over the next fifteen years the automobile industry will remain an exciting place. The industry’s center of gravity will change, core technologies will change, new forms of organizational setup will emerge, employees will have to meet new requirements and new business models will develop. Fasten your seatbelts for an exhilarating ride as we fast forward you to the year 2025! Global vs. Local Scope This report will look at the automobile industry from a global perspective. Although in 2025 the...
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...Technological Technology, perhaps, has the potential to disrupt the functioning of any industry and it can wipe out even the largest firms if they become complacent or strive for only short-term goals. Technological environment is the most rapidly changing environment. Things of science fiction are becoming realities and it can be seen from the lens of emerging technologies which might be even seen in automobiles on road by 2020. Technology has made possible the advances in auto safety, dependability, clean-car, fuel economy and various factors which helps the consumers, keeps them safe and reduce environmental impact. The impact should be not only considered from standalone point of view but also from combination point of view. Sensor technology, separately, is going through major transformation, but sensor technology used with cameras and radars can provide an autonomous car. The following technologies are worth observing from Tata Motors’ point of view: Driver Override Systems- If one fails to apply the brakes, then the car will apply the brakes even if you are accelerating the car. This has been possible because of the advances in the sensor technology. Biometric Vehicle Access- Biometric technology is already present in the market in the form of voice verification, fingerprints, and retina and face recognition. Further work if going on in this regards. Comprehensive Vehicle Tracking- If this technology is implemented successfully, it would reduce the automobile...
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...The glut of data is further increasing exponentially due to the rapid proliferation of mobile phones and the increased digitization of all aspects of modern life due to technologies such as the Internet of Things (IoT); which deploy sensors, for example in the shape of wearable devices, to provide data related to human activities and different behavioral patterns. The commoditization of data collection with the advancement in digital technology has led companies to collect all kinds of data, such as the digital trail of an online user, the transaction history of a customer, and the call details record of a mobile-phone user. Companies such as Facebook, Google, Twitter, Yahoo, and Microsoft routinely deal with petabytes of data on a daily basis. It is estimated that we are generating an incredible 2.5 quintillion bytes per day. Still, all the data in the world is useless we cannot devise a foolproof and reliable model or algorithm to extract meaningful information from...
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...History of Ford Motor Co. Shaun Mains Alvernia University The Ford Motor Company is an American based automobile manufacturer that was founded in 1903 by the late Henry Ford. The company pioneered the early integrated moving assembly line, fought and beat early gasoline powered automobile patents, and even survived the Great Depression. Today, Ford is the fifth largest automobile manufacturer in the world, based on sales, and is the largest family controlled company in the world (History). Henry Ford, along with 11 other investors, founded Ford Motor Company on June 16th 1903 (History). In its early years the company produced the Model A, S, K and most notably, the Model T. The popularity of the Ford Model T from 1908 through 1913 is what fueled the development of the integrated moving assembly line. The assembly line simplified the manufacturing process and made mass production possible (Company). The chassis assembly line alone went from 12.5 hours to produce a chassis, down to 1.5 hours (Company). The Ford Model T was a huge success for the automobile manufacturer. The vehicle was priced significantly lower than the competition largely in part to Henry Ford’s insistence on building integrated manufacturing plants and the utilization of the integrated moving assembly line. The company’s main goal of the time was to build a vehicle for the everyday American, and the company priced their vehicles accordingly. This achievement allowed even the poorest of Americans...
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...$1bn. That values it at $5.5bn, making it a (distant) second behind taxi app Uber, whose last valuation was a staggering $62.5bn. The money contributed is notable on its own. An also-ran taxi service, Sidecar, just failed. The year 2016 was also supposed to mark a pullback in venture investing, yet the Lyft investment signals the depth of capital still readily available. For General Motors, the investment is the latest acknowledgment that it cannot just dismiss emerging trends in transportation. Increasingly, the developments that it has been talking up — and backing up with dollars — go beyond ride-sharing. They include connected cars, electric vehicles and autonomous driving. GM and Lyft will combine two of those concepts by creating a system for on-demand, self-driving taxi rides. Competitors in these markets include the likes of Apple, Tesla, Uber, and Alphabet. But GM thinks it will emerge a winner should the automobile experience fundamentally change, because it can best add new technologies on to existing volume manufacturing. Also, the relationships it already has with customers could give it...
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...Great advancements in technology have simply revolutionised our world. Nothing is the same as it was twenty years ago, where technology is concerned. With a simple click, you could perform a magnificent operation. These advancements are increasing rapidly and will surely leave an impact on our economy. The aim of this essay is to anticipate how technology will impact on our future economy with contrast to the events of the first and second industrial revolutions. Technological innovations are mainly divided into five categories. Firstly, there is information management. For example, smartphones will have better functions, data storage will become bigger and cheaper and monitoring of machines, processes and people will be easier and more widespread. These improvements will help farmers monitor the weather, doctors track our vital signs, engineers keep track of road and bridge safety and businesses better predict both what and how much to produce. Moreover, robotics might be the biggest visible change in our future world. Robots have been around for a while, but the next generation will be more agile, flexible, adaptable and probably able to learn and interact with humans. These characteristics will significantly expand their use in the workplace and everyday life. We will see increased use of these modern robots in factories, hospitals, stores and the home. One big spin-off of the robotic technology would be “autonomous” vehicles — that is, cars and trucks that can drive themselves...
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...McKinsey Global Institute May 2013 Disruptive technologies: Advances that will transform life, business, and the global economy The McKinsey Global Institute The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company, was established in 1990 to develop a deeper understanding of the evolving global economy. Our goal is to provide leaders in the commercial, public, and social sectors with the facts and insights on which to base management and policy decisions. MGI research combines the disciplines of economics and management, employing the analytical tools of economics with the insights of business leaders. Our “micro-to-macro” methodology examines microeconomic industry trends to better understand the broad macroeconomic forces affecting business strategy and public policy. MGI’s in-depth reports have covered more than 20 countries and 30 industries. Current research focuses on four themes: productivity and growth, the evolution of global financial markets, the economic impact of technology and innovation, and urbanization. Recent reports have assessed job creation, resource productivity, cities of the future, and the impact of the Internet. MGI is led by McKinsey & Company directors Richard Dobbs and James Manyika. Yougang Chen, Michael Chui, Susan Lund, and Jaana Remes serve as MGI principals. Project teams are led by a group of senior fellows and include consultants from McKinsey’s offices around the world. These teams draw...
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...2011.7 Still, the stabilization or fall of government R&D budgets in advanced countries, the slowdown in emerging markets, and the decreased appetite of business investment have slowed the advance of innovation combined global private and public R&D expenditure followed a path of constant growth, Gross domestic expenditures on R&D (GERD) in the high-income economies of the Organisation for Economic Co-operation and Development (OECD) increased The worldwide recovery of business enterprise expenditure on R&D (BERD) was quick Two main policy strands form the core of present innovation policy. On the one hand, there is a need to improve the framework conditions for innovation; these include the business environment, access to finance, competition, and trade openness, as captured in the Innovation Input Sub-Index of the GII model. On the other hand, nations also need dedicated innovation policies targeting both innovation actors and the linkages among them; these include collaborative research projects, public-private partnerships, and clusters.13 Business executives in charge of innovation surveyed in Chapter 5 by Engel et al. stress the importance of forward-thinking legislation to support future innovation and the related markets (e.g., for autonomous cars). They also stress the need for the international harmonization of regulations for new technologies so they can diffuse more rapidly and be commercially viable. Another new policy development is the focus on...
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...As technology continues to advance, the United States must accept the concept of digital globalization as it develops national security policies designed to bolster homeland security. It is also important for policy makers to understand the fluidity of terrorism. While their motives may not change, the tactics used by terrorists are ever evolving, so to must the government’s ability to identify, track and eliminate threats. Prior to the 9/11 attacks, the US lacked preparedness for that type of attack carried out that morning. Since then, the federal government took steps to protect against future, similar attacks. Some of these measures included the creation of the Transportation Security Administration, the arming of airline pilots and...
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...Essay In the article “Good News: A.I. Is Getting Cheaper. That’s Also the Bad News.” by Cade Metz, published in the New York Times 02, 2018, she talks about the advancements of technology that’s easy to come by and how it could be used for malicious purposes. Metz is concerned about the fact that the parts and programming are relatively easy to come by, since these devices use ordinary cameras, and software available to anyone. This means it will only be so long before her audience hears about other than regulation intended use scenarios. The idea of camera drones, easily made and programmed, just makes society nervous in general. Metz says about the machines, that as this technology moves to become a more self-governing,...
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...R e se a rc h a n d Stat i s t i c s B r a n c h working paper 16/2009 Impact of the Global Economic and Financial Crisis over the Automotive Industry in Developing Countries UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION RESEARCH AND STATISTICS BRANCH WORKING PAPER 16/2009 Impact of the Global Economic and Financial Crisis over the Automotive Industry in Developing Countries Peter Wad Copenhagen Business School UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION Vienna, 2010 This paper was prepared by Peter Wad, UNIDO consultant and backstopped by Nobuya Haraguchi, UNIDO staff member, Research and Statistics Branch, Programme Coordination and Field Operations Division. Iguaraya Saavedra provided administrative support. The designations employed, descriptions and classifications of countries, and the presentation of the material in this report do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations Industrial Development Organization (UNIDO) concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries, or its economic system or degree of development. The views expressed in this paper do not necessarily reflect the views of the Secretariat of the UNIDO. The responsibility for opinions expressed rests solely with the authors, and publication does not constitute an endorsement by UNIDO. Although great care has...
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