Handling Disruptive Technology in Industry – A Strategic Advance in Today’s Business Practices

Abstract

Disruptive technology has created an insight on novelty and changing environment among human resource management in various industries. Today, the technology is changing faster due to changes in work nature of businesses. Its advent in current scenario has lead to automate tasks with increased productivity and efficiency.  As the world is moving towards technological advancement and people tend to adapt newer know-how for easy accomplishment of task. So, this lead to industries focuses on digitalization. Industries started to establish its way from first Industrial revolution as introducing Steam Engines (1800s), second Industrial revolution as using Electricity for Mass Production (1900s), third Industrial revolution as Digitalization & Electronic Automation (1960s). The objective of the the paper aims to study about how industries get disrupted using these three technology which are focused on the strategic influence of disruptive technology on reaching the expected performance. The key elements of disruptive technology attract industries to modify the existing with advanced technology and get familiarize with new techs for future endeavors.  The study is carried out using descriptive research design in which the researcher describes the scope of disruptive technology implementation in various industries. The existing changes and development in technology will generate opportunities in industries and transform workforce culture. As industries focus on core competency to grow, technology disruption is a true domain which can stay reliable for years. The researcher have found that the paper have met the objectives by using articles, journals and blogs which supported the entire research work.  The practical contribution of the study is done to see the impact of Disruptive Technology in current era. The study is carried to know the level of Disruptive technology its importance on technology inbuilt business environment. Disruptive technology has changed the way industries work using Artificial Intelligence, Cloud Computing and 3D printing.