Disruptive Innovation - MITID Innovation

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Disruptive Innovation Definition, Examples And
Advantages MITID Innovation
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Technology has the power to completely alter the
course of the future. But have you ever thought
about what technology would be called whose
introduction significantly affects the working
and functions of a market or even an industry?
Such technology or type of innovation is referred
to as disruptive innovation.
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Disruptive innovation assumes an extremely
important role in the innovation framework of an
organization. Here are two examples of
how disruptive innovation has changed the course
of business over time
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Internet
The biggest example of disruptive innovation that
is ever known is the Internet. The company that
has modified itself to be tech-savvy over time
and adopt Internet usage is far more successful
than those who did not adapt to the Internet.
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Artificial Intelligence
Artificial intelligence is another example
of disruptive innovation that has modified how an
enterprise carries out its functioning. Large
sets of data which is unstructured could now be
analyzed easily through artificial
intelligence.  Now that it is clear what is
disruptive innovation, let us understand how
disruptive technology can benefit your business
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Expansion of the Market
The major advantage of the adoption of
this innovation culture in your company is that
it will expand your market to a larger extent
than your conventional methods.  Disruptive
innovation has made it possible to change
consumer behavior in regards to the conventional
industries that exist in the market. It may seem
ineffective initially, but over a while, it shows
the real result.
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Improvement of Processes
To provide solutions to the problems of the
consumers, modern methods need to be adopted.
Disruptive innovation modifies how a company
evaluates its processes and how to adapt
according to them, helps in the provision of
better services, and brings about a modification
in the industry. It will improve and modernize a
lot of processes of a company, which further
benefits the company a lot.
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Support to Start-Ups
It becomes extremely difficult for start-ups in
the country to establish their value and foothold
among the traditional giants already established
in the country. The person that comes with
this type of innovation would have a chance to
rapidly grow and outperform the existing
companies. 
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The Opportunity for Business Growth
Although it provides a chance for new business
start-ups to firm their hold in the market, if
the existing companies adopt disruptive
innovation in their innovation culture, they
enjoy even more prime opportunities and can boost
their business growth.
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Innovative Advantages
This type of technology, if introduced, gives
loads of notable benefits to both consumers as
well as businesses. An entire industry is changed
due to innovative technology, and that too in a
positive manner. Thus, if the technology is
embraced and used properly as the Internet, it
can offer immense innovative benefits both to the
consumers of the industry as well as the
producers.
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Accenture's survey shows that as high as 84
percent of the executives firmly believe in how
their future is dependent on innovation. The
statistics clearly underline the significance of
innovation in the upcoming years. Thus, there can
be no denying that there is a huge scope in this
field.
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So, if you are planning to make a career, MIT ID
Innovation can be the best choice. With
advantages like a market-oriented curriculum and
a practical approach to innovation, MIT ID
Innovation has been deemed the most viable option
if you aspire to form a successful career.
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Conclusion
MIT ID Innovation Programme curates knowledge and
experiences that challenge the very paradigm of
evolution. And that's why we have set out to
define the future of industries, communities,
cities and ecosystems. MIT ID Innovation offers
the best Courses in innovation.
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