How Digital technologies are Evolving from Traditional to Disruptive

Here is the list of the top 10 leading companies that are dominating the spread of digital technologies

We live in an era of disruption in which powerful global forces are changing how we live and work. The rise of China, India, and other emerging economies; the rapid spread of digital technologies; the growing challenges to globalization; and in some countries, the splintering of long-held social contracts are all roiling business, the economy, and society. These and other global trends offer considerable new opportunities to companies, sectors, countries, and individuals that embrace them successfully—but the downside for those who cannot keep up has also grown disproportionately. For business leaders, policymakers and individuals, figuring out how to navigate these skewed times may require some radical rethinking.

A new World Bank study provides an overview of selected digital technologies identified as "disruptive" that could be useful to public procurement. It includes several case studies from the deployment of these digital technologies around the world. Nine technologies with actual or potential impacts on public procurement have been identified. Disruptive Technologies are innovations that are expected to significantly change the way that public organizations handle their purchasing operations in the near future, both worldwide and locally.

An organization wishing to adopt a disruptive technology must also ensure that it has the necessary materials and tools, without which the technology would not be able to fully develop its potential. The nature of the public procurement process makes the technologies under consideration particularly promising. Indeed, it involves numerous analytical tasks and strategic decision-making for which data compilation and retrieval or AI tools can provide valuable assistance. Moreover, new hardware solutions, such as drones or 3D printers, may considerably affect the procurement and sourcing strategies for certain types of goods.

Computing technologies are evolving from traditional to digital, and then to neuromorphic, which allows them to be more human-like. Chips are getting smaller and denser, new materials and markets are evolving, and the cost of computing is changing. These technologies are also creating new selling opportunities and products. DNA data storage tackles the challenge of massive data storage and longevity. This technology enables the storage of unprecedented amounts of technology for thousands of years in a small space and in a less corruptible form. It does this by encoding binary data in the base pairs of synthetic DNA. Storage of petabytes, exabytes, or even yottabytes of data in mere grams of synthetic DNA is possible. It's estimated that 5 exabytes could store every spoken word ever uttered by humans. One single gram of DNA could store all the knowledge generated by humans in one year. That data can then be stored wherever it's needed. For example, it could be stored in your car engine, for use with repairs. DNA data will radically change how humans handle, store and retrieve data. Right now, computers are able to translate thoughts into text and onto a screen. Next up? Pictures pulled from the mind; the same technology would enable people to put their memories or images back into their brain. Technology will also allow humans to augment themselves — from exoskeletons for superhuman speed to implants for superhuman hearing. This will change what it means to be human, but will also raise some serious ethical questions. However, augmentation also has the potential to help people live better lives.

This makes it clear that disruptive technology lies in the future of businesses in almost every sector.  There are companies that are gradually using more disruptive technologies for their operations and there are companies who expertise in developing disruptive solutions for others to use. These advanced levels of technologies are here to stay and we must catch up with them as fast as possible.