Comparing Old And New Technologies And Their Impact On The World Business Essay

Technology is a broad concept that handles human as well as other animal species utilization and knowledge of tools and crafts, and how it affects a species capability to regulate and adapt to its environment. [1]

Technological change is just about the driving drive of innovation, efficiency, expansion and development of the overall economy. [1]

Technology is focused on using the specialized and methodical knowledge we have to help solve problems (or) to make life better. Now a day's technology that is already available and getting used including the internet, cell phones and computer systems (or) you can also develop new technology. Developing new technology may become more difficult to do, but if you have an idea for this and it could be used to make open public services also. [1]

Examples to compare the Old and New technology:

Laser printers vs. inkjet printers, landline services vs. cell phones etc. Our study analyzes industry equilibrium in a model with an incumbent and an entrant which may have heterogeneous product offering capabilities: the incumbent can offer either or both types of products, as the entrant can only offer services. Companies make capacity, pricing, or quantity decisions that take full advantage of their ex-ante earnings. Within this platform, we evaluate deterministic game titles with perfect information and stochastic games with uncertain valuation of the disruptive technology. [2]

New technology separates into two types

Sustaining technology

Disruptive technology

Sustaining Technology:

Sustaining technologies have a tendency to maintain an interest rate of improvement; that is, they give customers something more (or) better in the characteristics they already value. In addition, it relies on incremental improvements to an already set up technology. [2]

Disruptive technology:

Disruptive technology means a fresh technology that unexpectedly displaces a recognised technology and lacks refinement and performance problem because it's new technology. [3]

A new technology that has a serious effect on the status quo and changes just how folks have been working with something. By far the most disruptive technologies in history have been calling, computer and the web. [3]

First, disruptive products are simpler and cheaper; they generally guarantee lower margins, not increased earnings. Second, disruptive systems typically are first commercialized in growing or insignificant markets. And third, leading organizations' most profitable customers generally don't want, and indeed in the beginning can't use, products based on disruptive technology. [3]

Theory:

New technology which radically changes just how things have been done in the past is commonly referred to as 'disruptive technology'. Whilst disruption has negative connotations, if comprehended and evaluated in early stages, such innovations can provide tremendous breakthrough opportunities to invest in paradigm shifting technology, to drive development and the Establishment a robust future position. [4]

Disruptive technology and disruptive advancement are terms found in business and technology literature to describe innovation that improve something or service in ways that the market will not expect, typically when you are lower priced or suitable for a different set of consumers. [4]

Disruptive improvements can be broadly categorized into low-end and new-market disruptive inventions. A new-market disruptive creativity is often targeted at non-consumption, [4] whereas a lower-end disruptive invention is aimed at mainstream customers for whom price is more important than quality. [4]

Disruptive solutions are particularly intimidating to the leaders of an existing market, because they're competition coming from an unexpected path. A disruptive technology will come to dominate an existing market by either filling a job in a new market that the old technology cannot fill up or by successively moving up-market through performance improvements until finally displacing the marketplace incumbents. [4]

Disruptive technology Add a very different bundle of traits from the one mainstream customer historically value, and they often perform way worse along one or two dimensions that are particularly important to people customers. Generally, mainstream customers are unwilling to use a disruptive product in applications they know and understand. Initially, then, disruptive technology tend to be utilized and appreciated only in new market segments or new applications; in reality, they generally make possible the introduction of new marketplaces. [4]

In standard, old products predicated on sustaining technology are identified to be superior to the new ones predicated on disruptive technology. However, the latter have distinctive features that permit them to attract an exclusive set of customers. [4]

Examples:

1. UPS is example of how new systems can help a firm to improve its operating performance. Nonetheless it is using advanced technology to increase the way it runs its primary business and also to leverage those skills and infrastructure to go into other related lines of business. UPS has developed software applications and cellular devices with the support of cordless networks for shipping and delivery and tracking services. Its software applications work on a typical platform with an individual database, permitting it to optimise the route and load strategies faster to be able to exceed its competition. [5]

UPS software applications generate reviews for professionals that allow them to raised plan and control the delivery routes. Better planning and route control bring about time conserving and more efficient use of resources.

2. A team of robotics engineers have developed a method which makes pneumatic man-made muscles much quieter than those used in labs today. [6]

Annoying noise produced by air pumps or electric motors in human-like robots is one of the factors hampering their access into consumer market. Researchers at the University or college of Nevada in Reno came up with an idea steps to make artificial muscles work silently. [6]

Instead of an air compressor the pressure comes by a closed capsule with a metal hydride powder. The material can absorb and release large amounts hydrogen gas if heated and cooled off. The house makes them of much interest for hydrogen motor unit analysts, since safe safe-keeping of the explosive gas is one of the biggest challenges for the industry. [6]

These are the cases for the Impact of Disruptive Technologies for Technology Businesses.

Disruptive technology is significantly cheaper than current and is much higher performing, higher functionality and more convenient to use. [7]

Disruptive technologies are scientific discoveries that break through the usual product (or) technology capacities and offer a basis for new competitive paradigm Discontinuous inventions are products, processes, and services offering exponential advancements in the value received by the client much in the same vein. The definitions employed by different authors to spell it out the business enterprise strategy concentration they used to identify disruptive solutions. These explanations are labeled by a number of business strategy parameters used to describe disruptive systems. [7]

Disruptive solutions and discontinuous innovations present a unique challenge and opportunity for R&D organizations seeking to decide on their R&D ventures and for

Manufacturing organizations devising strategies for his or her commercialization initiatives and meeting the task to reinvent the corporation. These technologies do not have a proven course from scientific discovery to mass creation and, therefore, require novel methods although they will be the wellspring of riches creation and new competency era for the organizations that add such improvements. Many firms, especially the larger ones, seem unwilling to familiarize themselves with these technology quickly. The trend appears to be that these businesses prefer to respond to a successful disruptive technology that has evolved the

Product market paradigm. As a result, the city of corporate customers will not readily agree to them until they are simply proven, a meeting that always means corporate and business customers are past due entries in to the market. [7]

Sometimes, advocates of a fresh technology make grandiose claims about the new technology it will double production, save lives, treatment cancer, end warfare, and eliminate spam and telemarketing. They produce a variety of books enumerating the features of the new technology. Invariably, the new technology is immature - often available in prototype form, However, it doesn't matter, because:[8]

Look at the cool things the new technology can do.

The current immaturity, instability, unreliability and other downsides of the new technology are mere implementation details that need to be worked out, whereas the downsides of the old technology are key limitations which cannot be designed out or designed around. [8]

What really happens is one of the things

1. New technology becomes irrelevant.

2. New technology's features are subsumed by old technology. New technology may become a player on the market, or maybe not.

3. New technology really is a Disruptive Technology.

All technology was once new technology. New technology has expanded our life spans, increased our standard of living, augmented our knowledge of the world, etc. New technology has kept most of us.

Also We Can Offer!

Other services that we offer

If you don’t see the necessary subject, paper type, or topic in our list of available services and examples, don’t worry! We have a number of other academic disciplines to suit the needs of anyone who visits this website looking for help.

How to ...

We made your life easier with putting together a big number of articles and guidelines on how to plan and write different types of assignments (Essay, Research Paper, Dissertation etc)