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Disruptive Innovation Builds New Industry Chains

As the innovation and evolution of global cloud computing, big data, and artificial intelligence technologies progress, the appearance of humanity's digital life is changing. Technology evolution has triggered the emergence of a variety of "business models for disruptive innovation" backed by innovative technologies. The innovative applications of technology integration are also changing the guidelines of conventional business models. Commodities are being transformed from the-rarer-the-pricier paradigm to being "unique" while "democratic" in price, or even going as far as becoming consumer-demand oriented. Gartner, a U.S. market survey company, predicts that, by 2021, 80% of the leading ICT manufacturers will use technology spending to create disruptive innovations in the search for new value chains for businesses or industries.

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