|ISRO has of late become a force to reckon with,|
displacing the world's top industrial giant China !
The term was defined and phenomenon analyzed by Clayton M. Christensen beginning in 1995. - (www.wikipedia.org).
Maxwel Wessel in his paper "How Big Data is changing disruptive innovation" , Jan '2016, HBR, lists the characteristics of any disruptive information. He also speaks of how Big Data based innovation is going to make a big impact on the disruptive innovation scenarion, when existing services will be made cheaper, more accessible and made on a business model with structural cost advantages.
|ISRO's high end offerings ..|
|Kochi international airport turns 100% solar ..|
Another instance of disruptive innovation..
Prof Clayton Chritenssen's (Harvard Business School) site dedicated to Disruptive Innovation. Click here to go to the Clayton Christensen Institute to understand more on Disruptive Inovation .. Prof. Christensen's article in HBR Dec 2006 on Disruptive Innovation in the social sector ..
Listen to Elon's TED talk here ..
The interesting fact to note is that all the innovations that come out of US and Europe are unable to catch up with the costs of innovations from the eastern giants of India and China. Frankly speaking, at least for the next couple of centuries, the advanced nations of the West will not be able to compete with the Asian super powers on costs. None of the Tesla innovations will have a real impact in the whole world, unless costs are seriously taken care of.
Disruptive innovation is going to make a big impact on the way businesses and organisations from around the world are going to influence humanity and development in the coming centuries.