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DISRUPTIVE TECHNOLOGY - Coggle Diagram
DISRUPTIVE TECHNOLOGY
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definition
Innovation that changes or replaces existing systems, creating new markets and making old ones obsolete
the impacts
manufacturing
- faster production and lower costs
- customized products
- Challenges: job loss, high setup cost
banking/finance
- easier transactions anytime
- secure and transparent systems
- Challenges: cybersecurity issues, regulatory risks
healthcare
- easier access to healthcare
- faster, data-driven diagnoses
- Challenges: data privacy, technology cost, regulations
education
- accessible learning anywhere
- flexible and personalized study
- Challenges: less face-to-face interaction, need for digital skills