Source: MIT Sloan Review, Feb 2011
“Every disruption has three components to it: a technological enabler, a business model innovation and a new commercial ecosystem.
In computing, the technological enabler of disruption in computing was the microprocessor. It so simplified the design of a computer that Steve Wozniak and Steve Jobs could just slap one together in a garage. It transformed the industry’s fundamental technological problem—the design of a computer—from a problem that took hundreds of people several years to solve into one that was much simpler.
It’s a combination of the technology and business model that makes formerly complicated, expensive, inaccessible things affordable and accessible.