Growth Strategies

7 Industries Disrupted by Digital Innovation

7 Industries Disrupted by Digital Innovation

We live in a time of unprecedented innovation. Whether it’s the industrial revolution, the personal computer revolution, or the internet revolution, each has left a mark on our lives and way of living. From education to transportation, these revolutions have had significant effects on the world around us.

Here are seven industries that have been disrupted by startups and small businesses driven by digital innovation and how they’ve adapted to changing circumstances in order to compete:

1. Taxi Services

Digital innovation has disrupted the taxi industry in a big way. From Uber and Lyft to Sidecar, the transportation industry has undergone massive change thanks to the digital transformation. For example, before these companies started offering ridesharing services, taxi drivers had to pay for their cars and gas and then hope that they would make enough money that day to pay for their living expenses. Now, with services like Uber, drivers can work as much or as little as they want. They can even work for multiple companies at once if they so choose. These companies also offer additional opportunities such as delivery services and food delivery services.

Also read: What is the 5G Scenarios in Digital Transformation

2. Car Dealerships

The automotive industry is another that the digital transformation has disrupted. The way cars are sold, serviced, and even purchased has changed thanks to technology drastically. For example, people don’t have to go to a dealership anymore to buy a car. Instead, they can go online and purchase a vehicle from many online dealerships. When it comes to maintenance, people don’t have to take their car to the dealership for repairs. They can find an independent mechanic or repair shop that is willing and able to do the work in their driveway or garage.

3. Hotels and Resorts

The hospitality industry has also been changed by digital innovation. With services like Airbnb and VRBO, consumers can find cheap, or even free, accommodations from people who are willing to rent out their properties. This is a significant change from how hotels and resorts used to operate. In addition, these services also offer a wide range of options for those looking for a place to stay. For example, people can find accommodations in cities they’re visiting on business or vacation and in other countries around the world. This is a massive change from the way things used to be.

4. Licensed Professionals

The way people find and hire professionals such as lawyers, accountants, and doctors has also changed thanks to digital innovation. For example, people can find everything from online lawyers on demand to licensed therapists ready to chat. This is a massive change from the way things used to be. In addition, many professionals offer their services for a flat rate or a monthly subscription fee. This is again different from how things used to be done. Online services are stepping in to provide on-demand alternatives accessible via chat and video by simply logging on to their websites.

5. Education and Training

Thanks to digital innovation, the way people obtain education and training has also changed. For example, people can now take online courses delivered on demand. They can also use online services such as MOOCs (Massive Open Online Courses), which offer top universities and institutions at no cost. In addition, online education provides students with the ability to learn at their own pace. Students can even get help from teachers and mentors who are available via chat or video chat. This is again different from how things used to be done in many ways.

6. Postal Service

The way people send and receive postal services has also been changed by digital innovation. For example, people can buy stamps online and ship them to their homes. This is a massive change from the way things used to be done. In addition, digital services are also offering new ways to ship packages such as drones, drones on demand, and even drones that deliver parcels.

Also read: What is Smart Farming: The Future of Agriculture

7. Agriculture

Thanks to digital innovation, the way people farm and produce food has also changed. For example, people can grow their food in their own homes using hydroponics. This is a massive change from the way things used to be done. In addition, many farmers are turning to digital services that provide online tools such as farming apps and online workshops. This is again different because it allows farmers to get help from experts when they need it without going into a store.

Conclusion

Digital innovation has changed how we live our lives and how we do business. For example, people can now order goods online without going to a store. They can also get help from experts when they need it without going into a store. This is a massive change from how things used to be done in m

Written by
Aiden Nathan

Aiden Nathan is vice growth manager of The Tech Trend. He is passionate about the applying cutting edge technology to operate the built environment more sustainably.

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