Excerpt from Vertiv Must-Read Research Blog
Disruptive technologies, by their very nature, are intended to upend the existing status quo.
Digital cameras have usurped traditional film and electric vehicles will eventually do the same to the combustion engine.
However, while change may be inevitable, invariably it is not pretty: often the disrupted party refuses to go quietly. The intangible future collides with the very tangible present and the status quo usually likes to do some disrupting back.
Take ridesharing apps for example. The mission of ridesharing companies is to revolutionize urban transport for the betterment of all – unless, that is, if you happen to be deeply invested in the existing taxi industry, for example.
True, a lot of headway has been made, but ridesharing app companies have also faced a lot of roadblocks – both figuratively and literally. From demonstrations of aggrieved taxi-drivers, to outright bans in some cities. Plans to create a virtual workforce of self-employed drivers have also come face-to-face with the realities of employment law.
More more go to Vertiv.com
EARTHED-TECH 