Disruptive IT Technologies
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The document discusses how information technology has radically disrupted businesses in recent years. More innovations have occurred in the last five years than in any previous century. Successful disruptors like Skype, WhatsApp, Facebook, and Airbnb have utilized other companies' networks and assets without sharing revenue. Companies must now adopt innovative IT approaches or risk being left behind, as Nokia experienced when it failed to keep up with competitors. Emerging technologies like AI, robotics, augmented reality, and 3D printing will continue transforming the world at an unprecedented pace enabled by advances in areas like big data, cloud computing, and machine learning.
Disruptive IT Technologies
- 1. Disruption by Information Technology Mr. Ijaz Haider Malik weboriez@hotmail.com +923335690567 Abstract In last five years, disruption introduced by Information Technology, is radical. Number of innovations in aforementioned period were more than innovations introduced in any century. Rotmans said, “This is not an era of change, but a change of era”. Customers are obsessed with innovations, and companies are forced to bring products accordingly. Markets shrunk due to globalization and further making things harder for companies to cope up. Myth of Lion, as a successful predator is busted. Biologist and naturalists proved that in nature, scavengers are more successful than hunters. Most of disruptors used the scavengers’ approach to make profits. Like Skype, WhatsApp, Facebook, Twitter and Instagram using telecom operators’ network without sharing their revenue. Similarly, Airbnb serving customers without owning a single hotel. Successful disruptors have common business model: unique innovative idea backed up by the latest Information Technology and using assets of other businesses without sharing their revenue. Introduction Companies are investing in new minds to introduce ground breaking ideas using IT technology as a base. Companies that do not own Telecom backbone can offer free international calls (Skype, WhatsApp), companies (Airbnb, Hotelbookings.com) not owning single hotel, beaten top hotels in revenue, companies (Alibaba, Amazon) do not have single outlet, outclass biggest world store chains, and companies (Netflix, IFlix) not owning single cinema, making more revenue than film makers and cinema chains. Social media (Facebook, Twitter, Instagram, Snapchat) changed people’s behaviors, interactions and ways of socializing. Companies that do not want to espouse changes won’t survive in this fast-paced technology race. Nokia business case is the best example. Nokia was leader in cell phone manufacturing but had been pushed out of competition by competitors. According to Nokia’s top management1, they did not do anything wrong. But, everyone knows that they have failed to adopt the change and fail to bring innovation at the right time. It is paradigm shift that people leaving conventional ways of running businesses and adopting new ways where offices spaces are virtual, human resources are spread across the world, and 1 https://www.newyorker.com/business/currency/where-nokia-went-wrong
- 2. using assets of other companies without sharing the revenue. And, all this could only be possible with apt Information Technology use. IT and Future IBM Watson2: enabled human to break first sphere of Artificial Intelligence (AI) and entered into second sphere. It is IT tool which enables Watson to respond to any question posed to it in natural language. Watson beaten Brad Rutter and Ken Jennings who were former winners of popular Jeopardy quiz show. Watson is currently used as “Virtual Agents” and it is expected that in coming years, it would replace humans in contact centers. Also, Watson would be used for auto driven cars and helping doctors in surgeries. Tesla Auto Pilot Cars: are successfully operating in many countries. Special AI Software is developed to support Auto Pilot driving. Dubai and few other countries are planning for 2025 to have self-driven taxis for commuters. Sophia Robot: is the first AI humanoid developed in Hong Kong which has Saudi Arabian nationality. It is also equipped with IT AI Software. Sophia is the first robot which can show facial expression and hand gestures according to its environment, like happy face expression when finds something amusing. It is also predicted by few gurus that robots will take over the jobs in next 20 years. Augmented reality: Now computer games are backed up by augmented reality. Game players can play their games with their own eco system in the background. Additive manufacturing (3D Printing): is control by IT software to print 3D objects. With the help of additive manufacturing, human limbs can be printed. In future, people who lost their limbs, shall get customized artificial limbs within minutes with the help of additive manufacturing. Conclusions: Thanks to Big Data, Artificial Intelligence, Cloud computing and other IT advancement, world is transforming with the pace of light. References: 1. http://www.encyclopedia.com/ 2. https://www.newyorker.com/business/currency/where-nokia-went-wrong 3. https://www.ibm.com/watson/ 4. https://en.wikipedia.org/wiki/Sophia_(robot) 2 https://www.ibm.com/watson/