DISRUPTIVE TECHNOLOGY: sweeps away the systems or habits it replaces because it has attributes that are recognizably superior. Recent disruptive technology examples include e-commerce, online news sites, ride-sharing apps, and GPS systems. Recent disruptive technology examples include e-commerce, online news sites, ride-sharing apps, and GPS systems. In their own times, the automobile, electricity service, and television were disruptive technology.
The top three technology disruptors identified by the survey respondents are cloud solutions, IOT, and artificial intelligence (AI). The rest are 5G mobile internet, voice-driven software, building information modelling (BIM), advanced robotics, 3D printing, blockchain, autonomous (self-driving) vehicles, largescale energy storage, gene sequencing, and genomics.
ADVANTAGE INDIA: Organizations in India are aligning their businesses to these top technology disruptors as identified by the Pulse of the Profession® report. Here’s a look at where India stands: Blockchain, the technology behind Bitcoin, is a decentralized distributed ledger that records transactions between two parties. It moves transactions from a centralized server-based system to a transparent cryptographic network. The technology uses peer-to-peer consensus to record and verify transactions, removing the need for manual verification.
India has set an ambitious target of growing into a $1 trillion digital economy by 2025. The propulsion towards this economic growth will come from different industry sectors, many of which are already in advanced stages of digitalization. Some of these sectors are IT, IT-enabled services, electronics, telecom, e-commerce, financial services, internet of things (IOT), and media and entertainment.
DISRUPTIVE INNOVATION across various industries is rapidly changing the global corporate landscape, creating new challenges and opportunities for businesses. Traditional business models are running the risk of becoming obsolete if they do not evolve at the same pace. Israel’s unique ecosystem are very successful at catering to the needs brought up by these constant changes.
Israel is an entrepreneurial powerhouse and a hotbed for pioneering technologies, profitable business opportunities, and high investment returns. For these reasons, it is no surprise that the world’s leading multinational companies have all choose israel: Microsoft, Motorola, Google, Apple (three R&D centers), Facebook, Berkshire-Hathaway, Intel, HP, Siemens, GE, IBM, Philips, Lucent, AOL, Cisco, Applied Materials, IBM, J&J, EMC, and Toshiba are just some of the names in a long list of over 200 MNCs who realized that Israel is their Ideal investment opportunity.
Relevant companies interested to learn more on Israel innovative technologies are invited to contact the Trade and Economic Department at the Israeli Consulate General in Bangalore.
For further queries:
Contact: Kavitha S, Trade Officer, Trade and Economic Mission