Information Technology-Driven Creative Destruction Process

A Information Technology-Driven Creative Destruction Process is a technology-driven creative destruction economic process that systematically transforms economic structures through information technology innovations.

• Context:
  • It can typically disrupt Traditional Business Models through digital transformation.
  • It can typically eliminate legacy systems through technological obsolescence.
  • It can typically create new market opportunities through digital platforms.
  • It can typically reduce transaction costs through information technology applications.
  • It can typically reshape industry structures through information technology capabilitys.
  • ...
  • It can often accelerate market evolution through information technology diffusion.
  • It can often redistribute economic resources through digital efficiency gains.
  • It can often generate productivity growth through information technology investments.
  • It can often transform business processes through automation technology.
  • ...
  • It can range from being a Incremental Information Technology-Driven Creative Destruction to being a Radical Information Technology-Driven Creative Destruction, depending on its innovation intensity.
  • It can range from being a Localized Information Technology-Driven Creative Destruction to being a Pervasive Information Technology-Driven Creative Destruction, depending on its economic scope.
  • It can range from being a Hardware-Focused Information Technology-Driven Creative Destruction to being a Software-Focused Information Technology-Driven Creative Destruction, depending on its technological focus.
  • ...
  • It can have positive economic impacts through information technology productivity enhancements.
  • It can have negative economic impacts through information technology job displacement.
  • It can create competitive advantages through information technology capability development.
  • It can drive economic growth through information technology-enabled innovation.
  • ...
• Examples:
  • • Historical Information Technology-Driven Creative Destructions, such as:
      • Personal Computer Information Technology-Driven Creative Destruction for office automation transformation.
      • Internet Information Technology-Driven Creative Destruction for communication system disruption.
      • Mobile Computing Information Technology-Driven Creative Destruction for digital mobility evolution.
      • Cloud Computing Information Technology-Driven Creative Destruction for computing infrastructure transformation.
    • Sector-Specific Information Technology-Driven Creative Destructions, such as:
      • Retail Information Technology-Driven Creative Destruction for e-commerce transition.
      • Banking Information Technology-Driven Creative Destruction for financial technology evolution.
      • Healthcare Information Technology-Driven Creative Destruction for digital health transformation.
      • Media Information Technology-Driven Creative Destruction for digital content delivery.
    • Emerging Information Technology-Driven Creative Destructions, such as:
      • Artificial Intelligence Information Technology-Driven Creative Destruction for cognitive automation.
      • Blockchain Information Technology-Driven Creative Destruction for digital trust infrastructure.
      • Internet of Things Information Technology-Driven Creative Destruction for physical-digital system integration.
      • Extended Reality Information Technology-Driven Creative Destruction for immersive digital experience.
  • ...
• Counter-Examples:
  • Non-Technology-Driven Creative Destructions, which transform economic structures through non-technological factors rather than information technology innovations.
  • Information Technology Evolutions, which promote gradual improvements without structural transformations of economic systems.
  • Information Technology Regulations, which constrain rather than enable information technology-driven creative destruction.
  • Technological Stagnations, which maintain existing technological systems without creative destruction dynamics.
• See: Creative Destruction Economic Process, Digital Transformation, Technology Disruption, Technological Innovation Process, Digital Economy.
• References:
  • (Brynjolfsson & McAfee, 2014) ⇒ Erik Brynjolfsson and Andrew McAfee. (2014). "The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies." W. W. Norton & Company.
  • (Christensen, 1997) ⇒ Clayton M. Christensen. (1997). "The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail." Harvard Business School Press.
  • (Schumpeter, 1942) ⇒ Joseph Schumpeter. (1942). "Capitalism, Socialism and Democracy." Harper and Brothers.

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