Disruptive technologies are innovations that significantly alter the way industries operate, often displacing established products or services. These technologies typically start at the lower end of the market, offering simpler, more affordable solutions that appeal to a different customer base. Over time, they improve and can eventually overtake traditional offerings, reshaping entire sectors. Examples include smartphones replacing cameras and GPS devices.
One of the most notable examples of disruptive technology is streaming services, which transformed how we consume media. Platforms like Netflix and Spotify have changed the landscape of entertainment, making it more accessible and convenient. As these technologies evolve, they continue to challenge and redefine existing business models.