Glossary / Disruption
Disruption refers to a significant change or disturbance that interrupts the normal functioning of a system, industry, or market. It often involves the introduction of new technologies, business models, or ideas that challenge and potentially replace existing practices or products. Disruption can lead to the creation of new opportunities and the reshaping of industries, but it can also cause uncertainty and upheaval for established businesses and workers. Examples of disruptive innovations include the advent of the internet, which transformed various industries such as media, retail, and travel, and the rise of ride-sharing services like Uber, which disrupted the traditional taxi industry.