Market Disruptions and New Technologies SUBMIT ASSIGNMENT Start Date Jul 11, 2022, 12:00 AM Due Date Jul 17, 2022, 11:59 PM Points30RubricView RubricStatusActiveAssessment TraitsRequires...

Using Technology to Solve Potential Problems        4
USING TECHNOLOGY TO SOLVE POTENTIAL PROBLEMS
Table of Contents
Introduction    3
Analysis    3
Part 1    3
Part 2    4
Part 3    6
References    9
Introduction
    Disruptive innovation is a process which helps to create a new industry or market. It also helps in creating a network which is highly valued and thus disrupts the existing market, dislocates the market leaders and the unions. Thus, technologies will continue to change for developing the lives of the customers. For most affording the technology may be difficult due to lack of financial resources. Yet the latest technologies such as Artificial Intelligence, cloud computing and business intelligence and analysis tools along with robotics and automated self-driven cars can help to transform the lives of the people. Hence, disruptive technology is a form of innovation which helps in transforming the manner in the consumers, corporate houses and the various industries operates. Thus, it is due to the disruptive technology which helps to sweep away the system as the features are identifiably superior. Even the startup company can adopt disruptive technology by inventing new process to get something done. Hence, this enables them to crater to the larger target customers. This this analysis we will try to evaluate three new disruptive technologies and their strengths and weaknesses.
Analysis
Part 1
    The three innovations which presently disrupted the existing market were Artificial Intelligence (AI), improved battery technology and robotics. Artificial Intelligence is the process of recreation of the human intelligence with the help of computer systems. AI programming helps in acquisition of the information and edifying guidelines for turning the data into actionable information. The benefits of AI are that it helps in reducing the time for performing a task. It also helps in multi-tasking and reduces the workload of the resources. Further, it helps in accomplishment of the complex tasks without huge costs outlays. Finally, AI is fully automated and works 24/7 without any break and disruption (HCL, 2022). It was due to the introduction of AI has disrupted the customer service market. The AI enabled chatbots now collects all the customer issues and helps the customer support executive to work in an efficient manner. These chatbots also resolves the customer issues on their own and escalates to the human executives when necessary (Anirudh, 2022).
Self-driving cars are also known as autonomous cars and is a ground vehicle which is able to recognize the environment with the help of sensors and move itself safely with little human intervention. Hence, the main benefit is that it increases the road safety. It will impact the other auto manufacturers which manufactures cannot afford to manufacture self-driven cars. Further, due to manufacture of reliable Autonomous vehicles there will be reduction in accidents which will impact the business of general insurance companies (Bowman, 2018).
Robotics is the connection of science, technology along with engineering which helps in manufacturing of products which can perform works automatically. These are known as robots which substitutes the human actions. These robots are actually machines which can benefit by providing assistance during surgery, detecting landmines in the war zones, vacuuming and grass mowing and finally used for rescue and search mission during natural disasters (Built In, 2022). It will be the medical industry which will be most disrupted due to robotics as there will be edification and usage of medical devices with the help of robotics technology (Pistilli, 2020).
Part 2
    Introduction of Artificial Intelligence will help to reduce the costs significantly in various industries such as manufacturing and retail sector. According to the research it is observed that there has been a decline in the conversion cost of upto 20% when AI was used for augmenting the business processes in healthcare and consumer goods sectors. The new way of delivering a...