Identify at least three innovations that are currently disrupting an existing market. Write a 250-word summary (750 words total) describing each innovation, how it is changing the market, and the benefit it will provide. Include the following items:
Describe the innovation and how it is disrupting the market.
Explain what benefit the innovation provides.
Describe what barriers limit the adoption of this new technology.
Explain how many people are affected by the problem.
Part 2
Write about three future potential disruptions. Identify at least three new technologies, such as artificial intelligence (AI), robotics, social media aggregation, self-driving cars, or improved battery technology, that could disrupt a market in the future and improve the human condition. Examples of how a technology change could impact existing markets include:
Significant reduction in cost.
New way of delivering a product or service.
Improved service.
Product performance improvements.
Write three descriptions, one for each of the new technologies. Each of the three descriptions should be 250 words (750 words total) addressing the following three items:
Describe the innovation.
Describe the market and explain how it is changing.
Explain how the innovation will disrupt the market.
Explain the benefit it will be providing to customers.
Sample solution
Dante Alighieri played a critical role in the literature world through his poem Divine Comedy that was written in the 14th century. The poem contains Inferno, Purgatorio, and Paradiso. The Inferno is a description of the nine circles of torment that are found on the earth. It depicts the realms of the people that have gone against the spiritual values and who, instead, have chosen bestial appetite, violence, or fraud and malice. The nine circles of hell are limbo, lust, gluttony, greed and wrath. Others are heresy, violence, fraud, and treachery. The purpose of this paper is to examine the Dante’s Inferno in the perspective of its portrayal of God’s image and the justification of hell.
In this epic poem, God is portrayed as a super being guilty of multiple weaknesses including being egotistic, unjust, and hypocritical. Dante, in this poem, depicts God as being more human than divine by challenging God’s omnipotence. Additionally, the manner in which Dante describes Hell is in full contradiction to the morals of God as written in the Bible. When god arranges Hell to flatter Himself, He commits egotism, a sin that is common among human beings (Cheney, 2016). The weakness is depicted in Limbo and on the Gate of Hell where, for instance, God sends those who do not worship Him to Hell. This implies that failure to worship Him is a sin.
God is also depicted as lacking justice in His actions thus removing the godly image. The injustice is portrayed by the manner in which the sodomites and opportunists are treated. The opportunists are subjected to banner chasing in their lives after death followed by being stung by insects and maggots. They are known to having done neither good nor bad during their lifetimes and, therefore, justice could have demanded that they be granted a neutral punishment having lived a neutral life. The sodomites are also punished unfairly by God when Brunetto Lattini is condemned to hell despite being a good leader (Babor, T. F., McGovern, T., & Robaina, K. (2017). While he commited sodomy, God chooses to ignore all the other good deeds that Brunetto did.
Finally, God is also portrayed as being hypocritical in His actions, a sin that further diminishes His godliness and makes Him more human. A case in point is when God condemns the sin of egotism and goes ahead to commit it repeatedly. Proverbs 29:23 states that “arrogance will bring your downfall, but if you are humble, you will be respected.” When Slattery condemns Dante’s human state as being weak, doubtful, and limited, he is proving God’s hypocrisy because He is also human (Verdicchio, 2015). The actions of God in Hell as portrayed by Dante are inconsistent with the Biblical literature. Both Dante and God are prone to making mistakes, something common among human beings thus making God more human.
To wrap it up, Dante portrays God is more human since He commits the same sins that humans commit: egotism, hypocrisy, and injustice. Hell is justified as being a destination for victims of the mistakes committed by God. The Hell is presented as being a totally different place as compared to what is written about it in the Bible. As a result, reading through the text gives an image of God who is prone to the very mistakes common to humans thus ripping Him off His lofty status of divine and, instead, making Him a mere human. Whether or not Dante did it intentionally is subject to debate but one thing is clear in the poem: the misconstrued notion of God is revealed to future generations.
References
Babor, T. F., McGovern, T., & Robaina, K. (2017). Dante’s inferno: Seven deadly sins in scientific publishing and how to avoid them. Addiction Science: A Guide for the Perplexed, 267.
Cheney, L. D. G. (2016). Illustrations for Dante’s Inferno: A Comparative Study of Sandro Botticelli, Giovanni Stradano, and Federico Zuccaro. Cultural and Religious Studies, 4(8), 487.
Verdicchio, M. (2015). Irony and Desire in Dante’s” Inferno” 27. Italica, 285-297.
Sample Answer
Sample Answer
Current Market Disruptions
1. Electric Vehicles (EVs)
Innovation: Electric vehicles are disrupting the automotive market by offering a sustainable and environmentally friendly alternative to traditional gasoline-powered cars. With advancements in battery technology and charging infrastructure, EVs are becoming increasingly popular among consumers.
Benefit: The primary benefit of electric vehicles is a significant reduction in greenhouse gas emissions and dependency on fossil fuels. EVs also offer lower operating costs and maintenance expenses compared to internal combustion engine vehicles, providing long-term cost savings to owners.
Barriers: Barriers to the adoption of electric vehicles include limited range compared to gasoline cars, inadequate charging infrastructure in certain regions, higher upfront costs, and concerns about battery life and disposal.
Affected Population: The adoption of electric vehicles impacts a broad spectrum of individuals, including consumers, automakers, energy providers, and environmental advocates.
2. Online Streaming Services
Innovation: Online streaming services such as Netflix, Amazon Prime Video, and Disney+ have disrupted the traditional television and film industry by offering on-demand content anytime, anywhere. These platforms provide a vast library of movies, TV shows, and original content at a fraction of the cost of cable subscriptions.
Benefit: Online streaming services offer consumers flexibility, convenience, and personalized viewing experiences. They eliminate the need for cable TV packages, reduce commercial interruptions, and allow viewers to binge-watch content at their own pace.
Barriers: Barriers to the adoption of online streaming services include internet connectivity issues, content licensing restrictions, subscription fatigue from multiple service providers, and concerns about data privacy.
Affected Population: The shift towards online streaming services impacts television networks, cable providers, content creators, and viewers worldwide.
3. E-Commerce
Innovation: E-commerce platforms like Amazon, Alibaba, and eBay have disrupted the retail market by enabling online shopping and direct-to-consumer sales. These platforms offer a wide range of products, competitive prices, and convenient delivery options, transforming the way people shop.
Benefit: E-commerce provides consumers with access to a global marketplace, convenience of shopping from home, price transparency, and product reviews for informed decision-making. It also offers small businesses an opportunity to reach a broader audience and compete with larger retailers.
Barriers: Barriers to the adoption of e-commerce include concerns about security and privacy when sharing personal information online, delivery logistics challenges in remote areas, product quality assurance, and the lack of physical interaction with products before purchase.
Affected Population: The rise of e-commerce affects traditional brick-and-mortar retailers, shopping malls, small businesses, logistics companies, and consumers seeking convenience and variety in their shopping experiences.
Future Market Disruptions
1. Artificial Intelligence (AI)
Innovation: Artificial intelligence is poised to disrupt various industries by enabling machines to perform tasks that typically require human intelligence, such as decision-making, problem-solving, and natural language processing. AI technologies can analyze vast amounts of data, automate processes, and improve efficiency across sectors.
Market Impact: AI will revolutionize industries such as healthcare, finance, manufacturing, and customer service by enhancing predictive analytics, personalized recommendations, autonomous vehicles, and medical diagnosis accuracy.
Disruption: AI will disrupt traditional job roles by automating routine tasks, leading to workforce retraining needs and shifting skill requirements. It will also transform business operations by streamlining processes, enhancing productivity, and driving innovation.
Benefit: The adoption of AI technologies will result in improved decision-making capabilities, cost savings through automation, enhanced customer experiences through personalization, and accelerated research and development in various fields.
2. 5G Technology
Innovation: 5G technology represents the next generation of wireless communication networks with faster speeds, lower latency, and increased capacity compared to 4G networks. This innovation will enable seamless connectivity for IoT devices, augmented reality applications, autonomous vehicles, and smart cities.
Market Impact: The deployment of 5G networks will revolutionize industries such as telecommunications, healthcare, transportation, and entertainment by enabling real-time data transfer, remote surgeries, connected vehicles, and immersive experiences.
Disruption: 5G technology will disrupt existing telecommunications infrastructure by requiring upgrades to support higher bandwidth and network densification. It will also create opportunities for new services and business models that capitalize on ultra-fast connectivity.
Benefit: The widespread adoption of 5G technology will lead to improved network performance, enhanced IoT capabilities for smart devices, increased efficiency in data transmission, and innovative applications across sectors.
3. Blockchain Technology
Innovation: Blockchain technology is a decentralized digital ledger system that securely records transactions across a network of computers. It offers transparency, immutability, and security for data transactions without the need for intermediaries. Blockchain has applications in finance, supply chain management, healthcare, and voting systems.
Market Impact: Blockchain will disrupt industries by enabling secure peer-to-peer transactions, smart contracts for automated agreements, transparent supply chain tracking, and digital identity verification without compromising privacy.
Disruption: Blockchain technology will disrupt traditional financial institutions by offering faster and more cost-effective cross-border payments, reducing fraud through transparent transactions, and enabling decentralized finance (DeFi) applications that provide financial services without intermediaries.
Benefit: The adoption of blockchain technology will result in enhanced data security, reduced transaction costs, increased trust in digital transactions, improved transparency in supply chains, and democratized access to financial services for underserved populations.
In conclusion, both current market disruptions and future potential disruptions demonstrate the transformative power of innovation in reshaping industries, improving efficiency, enhancing user experiences, and addressing societal challenges. Embracing these disruptions requires a strategic approach to navigate barriers, capitalize on opportunities, and leverage emerging technologies for sustainable growth and positive impact on the human condition.
