An innovation stream begins with a technological discontinuity, which is a scientific advance or a unique combination of existing technologies creating a significant breakthrough in performance or function.
The Correct Answer and Explanation is:
An innovation stream starts with a technological discontinuity, which refers to a major breakthrough or scientific advance that disrupts existing technologies or creates new possibilities for technological progress. This discontinuity typically introduces a significant improvement in performance, functionality, or efficiency that changes the way industries or consumers operate.
Technological discontinuities often emerge when a scientific discovery or a novel combination of existing technologies leads to solutions that are radically different from previous ones. This could involve the development of new materials, innovative processes, or systems that open up new opportunities. Such breakthroughs create a gap in the market by rendering older technologies less competitive, allowing the new innovations to gain traction and dominance.
A classic example is the shift from mechanical to digital technologies. In computing, the advent of microprocessors revolutionized the industry, leading to the personal computer revolution. This shift created a technological discontinuity because it fundamentally changed the way information was processed and stored. Likewise, in the automotive industry, the introduction of electric vehicles represents a technological discontinuity, as it offers an entirely new method of propulsion compared to traditional gasoline engines.
As the innovation stream progresses, the new technology undergoes further development, refinement, and commercialization, often leading to a series of incremental innovations or improvements. Over time, this new technology can become widespread and lead to the obsolescence of older technologies that once dominated the market.
Therefore, a technological discontinuity is the catalyst for a new innovation stream, setting off a sequence of developments that reshape industries and create new opportunities for businesses and consumers.
