From the phenomenal growth of the wildly popular ARK exchange-traded funds (ETFs) to the sensational news surrounding battleground stock Tesla, investing in disruptive technology is one of the hottest market trends of the past year.
Breakthrough technological innovation, especially artificial intelligence (AI) and machine learning, has fueled the acceleration of other megatrends like sustainability. In the words of Klaus Schwab, Founder of the World Economic Forum (WEF): “We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another.”
What is disruptive technology?
Popularised by scholar Clayton Christensen, the term “disruptive technology” refers to innovations that significantly change an existing industry, product, or service and/or create an entirely new one. Recent disruptive technology examples include the Internet of Things (IoT), cloud computing, fintech and 3D printing. The automobile, electricity service, and television were also once disruptive technologies in their own times....