Four Industries Will Be Disrupted Due to Technology
A familiar viewpoint people in a management sector hear is that the repetition of mistakes that organizations make during their industry transition focusing on the buggy makers at the turn of the last century figured out that they were in the personal transportation world lingered around cars. Those who thought they were just in the buggy venture came on the verge of disruption as their market moved to cars, and they didn't.
Four industries on the verge of disruption:
1. Entertainment Industry
In video games, we have a concept known as a non-player character (NCP) that follows a set of scripts. What will happen if the same idea comes into the film and television industry? Such a concept in this industry will convert a script to a more realistic character representation, thus striking out the part of hiring a person that tends to be expensive.
Films these days primarily rely on computer graphics; hence it's much easier for a rendered character to work on a virtual stage. Thanks to the evolving AI technologies, scriptwriting has been a much easier task. Moreover, we don't need to hire a virtual player, and with the digital movie-making engine, we can rewrite the script and reshoot the scene digitally.
2. Manufacturing Industry
With robots taking the place of humans in factories and warehouses, the manufacturing industry is the next one in the category of technological disruption, minimizing the need for human employers. Fully automated 3D printing factories should be less affected by inflation, slowing their expansion, have fewer shutdowns and be more able to meet the demand using in-time manufacturing prototypes.
Since these factories leverage automated 3D printing for their process of creating cookie-cutters, they can be compact, more localized and be more resistant to logistics disruption.
3. Personal Transportation
Before the Covid-19 outburst, personal transportation lingered around cars with air transport, human-powered transport and motorcycles that fall into different categories. Once the world began its transformation to a more digitized place, with increased use of video conferencing and collaboration products such as Webex, Zoom, and Teams, the need for business travel eventually came to a pause.
Since we have a habit of traveling, the pandemic lockdowns had forced us to consider our safety and say no to unnecessary travels. One of the advantages of a digitized world is that we no longer have to go shopping since services started reaching our doorsteps.
Since this is an automated era and several technologies related to drones and flying cars are advancing; hence the use of standard cars may go out of demand due to autonomous vehicles.
Due to climate variation, traditional farming is becoming more of a mere thing. We are moving to warehouse farms which takes less space for more food and exist a lot closer to people living in cities. Robots and autonomous devices in the farm have eventually minimized the cost, contamination, and operation at a scale that human-oriented farming can't match. These changes benefit during extreme weather conditions, where one must not need to clear rainforest and eat other animals.