Disruptive Digital - MIT ID Innovation

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What is Disruptive Digital? MITID Innovation
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Taking the quote "every day is a new opportunity"
seriously, humankind dove into the digital world,
discovering and inventing something unique
incessantly. From computers to holograms, the
association of humans and digitalization has been
and will be evergreen. One such phenomenon that
arose amongst multiple discoveries is disruptive
digital technology.
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What is Disruptive Digital?
Disruptive digital or digital disruption is an
innovation that occurs when new technologies and
digital systems affect or alter an enterprise's
business model. It changes the way consumers,
producers, sellers, and industries operate.
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These can be considered elements that disrupt the
status quo of the industry market and force the
business to adopt practices that are compatible
with the current market. Businesses have to
analyze the aspects of their goods and services
and adjust accordingly.
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Digital disruption technologies have been
impacting our commercial lives for quite a while
now. The change in the transportation of goods
from horses to carts to cars is a clear example
of this phenomenon. In simpler terms, disruptive
digital is a digital change in a business and
consumer model. According to statistics, 70 of
businesses have started working or already
possess a digital transformation strategy that
will exist in their business model when a
new disruptive digital technology arrives.
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Components of Disruptive Digital
To understand the concept of digital disruption
efficiently, here are the elements that
constitute this phenomenon and make it a
significant aspect of the commercial
world Business It includes all the aspects of a
business such as marketing, production, supply,
etc. Business process optimization drives the
disruptive digital strategy in the right
direction.
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• Technologies Digital technologies that encompass
  innovation, design, usage, and functionality,
  transforming businesses.
• Society It includes the culture, preferences,
  movements, and trends of the society, along with
  innovation, that impact a business.
• Industry This element includes the market,
  consumers, processes, and methods that run an
  industry.

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The blend of these elements and adoption of
strategies based on customer response, data,
digital culture, and business innovation leads to
a flourishing and unique business model capable
of cutting down all competition.
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Benefits Of Disruptive Digital Strategies
The inculcation of innovation and digitalization
in businesses is one of the most important steps
to take a business to the next level.
Digitalization is dynamic, which makes it seem
disruptive. However, it helps businesses reap a
lot of profit and success. Here's how
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Business Growth Digital disruption jostles
businesses out of their comfort zone and urges
them to think of ways to include new
technologies. It teaches business owners to
change and adapt whenever required. Growth can be
initiated only if the company keeps on updating
and changing with time, inculcating different
trends in the market whenever and wherever.
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Customer Retention Being one of the most popular
digital disruption technologies, social media
platforms help achieve customer loyalty and keep
them engaged in the company. It increases the
levels of satisfaction in your customers, making
them loyal to your product and services.
Moreover, it increases the sales and profits of
the company.
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Workplace Enhancement The new technologies
impact not only the operations but also the
workplace of a company. Collaboration tools,
management software, cloud applications, etc.,
teach ease and increase the workplace's
productivity. It saves time that can be assigned
to growth-oriented tasks.
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Steps Into Disruptive Digital With MIT ID
Innovation
Just as an enterprise requires disruptive digital
concepts to grow, an individual needs to learn
and adhere to these concepts for an innovative
and facilitating career, regardless of the field
you work in. MIT ID Innovation offers several
innovations, design thinking, and digital
transformation courses that will help you
understand the essence of disruptive digital
effectively. Enroll today!
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Conclusion
MIT ID Innovation Programme curates knowledge and
experiences that challenge the very paradigm of
evolution. And that's why we have set out to
define the future of industries, communities,
cities and ecosystems. MIT ID Innovation offers
the best Innovation Courses in India.
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from you.

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  Pune-412201

• 91-7038982225 / 91 9834092369

• innovation_at_mitid.edu.in