Industry Disruption refers to a significant and often unexpected change in the way an industry operates, typically driven by innovations, new technologies, or shifts in consumer behavior. This term relates to the introduction of products, services, or processes that displace established market leaders and alter competitive dynamics. Disruptive innovations can lead to the decline of traditional businesses that fail to adapt, while creating new opportunities for agile competitors that embrace the changes. Examples of industry disruption include the rise of digital streaming services disrupting traditional television and film industries, or ride-sharing platforms altering the taxi and transportation sectors. Disruption can challenge existing regulatory frameworks and marketplace norms, compelling industries to evolve or face obsolescence.
In a major turn of events, a global technology outage swept across industries, causing widespread disruptions and chaos. Flights were grounded, hospitals and small businesses faced interruptions, and governments scrambled…