Disruptive Innovation and upcoming themes

I have no doubt that you have read several macro and micro economic forecasts for 2014 over the past several weeks. The usual actors – the United States, the BRIC nations and

the European Union – set against the same old background of tepid economic growth and political brinksmanship, canadian pharmacy forum are well viagra generic known to all our readers. We are going to take a look at a different scene in this article. We are going to look at some of the themes and technologies that are currently playing out and are creating new value propositions. These themes are known as disruptive innovations and they characteristically cialis for prostate enlargement change the demand for an existing good or service. For instance, the Ford Model T was a disruptive innovation, not because it was the first automobile, automobiles had existed for several decades prior to the Model T but order weight

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So without further ado, let’s examine some current disruptive innovations:

 

1) Big Data: Big data refers to the infrastructure and processes in place to house, manipulate and analyze terabytes and petabytes of data collected from sources such as weather instruments, barcodes, and the human body. In

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data points to predict tsunamis, hurricanes and even diseases. The benefits to the private sector are perhaps the most profound, as businesses will be better equipped to predict consumer behaviour and identify sales trends to deliver more value. We are already seeing smarter advertisements that are en masse but customized based on prozac pharmacy who/where you are and what you say in conversations. These advertisements leverage wearable technology which interacts with the user (such as Google Glass or Samsung’s Galaxy Gear).

Arguably, Big Data is in its infancy stage, but few will doubt that it is here to stay. The benefits will be realized coupons for 247 overnight pharmacy by those organizations that can efficiently collect Big Data in real-time and derive meaningful insight from it.

 

2) Payments & Currencies: Technically inclined readers would have heard of bitcoins but if you haven’t heard of it, I will explain it very briefly. Simply put, bitcoins are a virtual cialis generic cialis vs generic cialis shoo-foo.com currency that allow transactions to take place electronically. Like credit cards used online, no physical currency exchanges hands between buyer and seller. Unlike credit cards however, free phone tracker software the

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this is the main advantage of the system. When you consider the fact that E-Commerce sales totalled over $1 trillion in 2012, this is a huge potential savings to the transacting parties. The primary detractor to the bitcoin system is the fact that they are not (yet) widely accepted and some governments, notably China, are strongly

against trading them because in their assessment, bitcoins pose a threat to financial systems.

Despite these shortcomings, bitcoins

represent the next phase in the evolution of money. When you consider how easily they can be integrated with mobile phones, notably Android’s Google Wallet and the iPhone’s finger-print scanning system, you

begin to appreciate how quickly and widely they can be adopted.

 

3) Logistics: Excluding gains in fuel efficiency and safety, the automobile has not changed very much over the past few generations. However, we are currently seeing signs of disruptive innovations coming from the likes of Google, General Motors and Amazon.

Google is currently developing a driverless car that utilizes a

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for a share of the Christmas sales pie drastically underestimated buy amytriplitine tablets the time for delivery. Naturally, consumers took to social media to vent their frustration resulting in negative publicity. Such instances will have more dire consequences for retailers in the future as we continue to become better connected and the dissatisfied consumer’s network grows exponentially. Well aware of these consequences, Amazon has developed Prime Air, a drone that is able to deliver packages by flying short distances (up to 20km) from distribution centers. Obviously, there are safety concerns to be considered but if the service gets regulatory approval, it may be in service as early as next year, making buy generic propecia same day delivery best online for viagra possible. Such an innovation will change the delivery of mail and spy apps for android the way transactions are executed.

 

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Parik Malik is a Research Analyst at the Rotman Asset Association. He will be graduating with an MBA from the Rotman School of Management at the University of Toronto in 2016. Parik can be reached at parik.malik16@rotman.utoronto.ca

 

 

 

References:

 

http://www.bloomberg.com/news/2013-12-27/ups-shipping-delays-show-perils-of-stores-overpromising.html

 

http://gma.yahoo.com/amazon-prime-air-delivery-drones-could-arrive-early-104334220–abc-news-tech.html

 

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