Kampala based St Augustine International University (SAIU) will be launching College of Disruptive Technologies in 2018. This is intended to train experts in Cryptocurrency, Blockchain technology, Internet of Things (IoT), Artificial Intelligence, Space Colonization, 3D Printing, Medical Innovations, High-Speed Travel, Robotics, Autonomous Vehicles, Advanced Virtual Reality and Renewable Energy.
One of the keys to any successful business is being able to come up with new ideas to keep operations, products and services fresh. The process of bringing those ideas to reality is called innovation. But disruptive innovation is one step further; the theory of disruptive innovation was introduced in 1995 and was proved to be a powerful way of thinking about innovation-driven growth. It was coined by professor, author and entrepreneur Clay Christensen.
Disruptive innovation is when new products or services start out at the bottom of the marketplace but end up displacing their competitors. According to Mr Christensen, it is an innovation that transforms an existing market or sector by introducing simplicity, convenience, accessibility, and affordability where complication and high cost are the status quo. Initially, a disruptive innovation is formed in a niche market that may appear unattractive or inconsequential to industry incumbents, but eventually the new product or idea completely redefines the industry.
Examples include; “Italian neurosurgeon Sergio Canavero hopes to perform the first head transplant on Russian citizen Valery Spiridonov, who suffers from Werdnig-Hoffman’s disease; a spinal muscular disease, which has left him wheelchair-bound.”; The Internet of things is the network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators, and network connectivity which enables these objects to connect and exchange data., Mobile phones taking over banking sector via digital currency which allows for instantaneous transactions and borderless transfer-of-ownership, 3D printing is the action or process of making a physical object from a three-dimensional digital model, typically by laying down many thin layers of a material in succession and other various technologies.