Disruptive technology refers to technological innovations that displace existing technologies, which is evident in the manufacture of display devices. Initially, in computer monitors and television screens, Cathode Ray Tube (CRT) was used. However, due to technological progress, display devices have evolved considerably. Light Emission Diodes (LED) replaced CRT as Liquid Crystal Displays (LCD) preceded. The advancement in display technology has led to savings in terms of electric power consumption, but additional expenditure is incurred in replacing the screens. Personally, I have experienced both saving and expenditure in the process of screen replacement. I believe that there is remarkable progress that needs to be embraced in display device technologies
In my specialization sphere, I use computers at the workplace. It should be noted that nowadays considerable changes have occurred in computers’ monitor technology. First, I started using CRT monitors and then later switched to LEDs. Currently, I find a high-definition LCD screen the most appropriate in my working process.
Maintaining the pace of technology becomes an expensive venture in case direct purchases are made without supplementing funds from selling the existing screen. Innovators enjoy the changes that occur as a result of high market prices associated with the innovations. In the near future, flexible screens may replace the existing types. The advantages of the new technology serve as the most important point in deciding to replace a technological device. The average power consumption is reduced by more than 50 percent when changing display devices from CRT to LCD screens.
Disruptive technology affects consumers as well as innovators, who aim at continuously improving technological devices. Consumers strive to have the best product in terms of economy and efficiency (Sood & Tellis, 2011). On the other hand, innovators benefit monetarily from introducing new devices into the market, while consumers bear the cost of replacing technology. I believe that the cumulative effect of the cost of replacement and savings is of high importance. This becomes relevant for large-scale purchases and disposals of technological devices. In replacing computer monitors, savings on electric power bills may cumulatively be more than the costs of replacing CRTs. Innovators also get rewarded for the efforts made in improving products.
The benefiting parties are the innovators. The technology users get adversely affected as they have to update their systems as soon as there is an invention. The pace of invention remains relatively fast resulting in increased losses for users (Sood & Tellis, 2011). People who use display technologies should take advantage of disruptive technology in order to remain competitive in the markets which could also lead to a reduction in operational costs. Disposal of the replaced devices may supplement finances for making purchases in the future. Other reasons behind staying competent include compatibility of the newly invented display devices with current technological innovations that apply display software such as the ones applied in contact-sensitive screens.
Thus, technology changes relatively fast and display technology is no exception to technological evolution. The result includes the constant replacement of old technological devices with new ones. Considerations have to be made regarding the pros of innovations prior to new technology adoption, for example, economic and social implications (Sood & Tellis, 2011). Based on my experience with display technology, it is advisable to maintain the pace of technology by replacing outdated monitors with new ones. This helped me in saving on electric power consumption and made it possible to use new applications that were compatible with the new technological devices only.
Reference
Sood, A., & Tellis, G.J. (2011). Demystifying disruption: A new model for understanding and predicting disruptive technologies. Marketing Science, 30(2), 339–354.