EMERGING DIGITAL DISRUPTION: A JOURNEY TOWARDS DIGITAL REVOLUTION AND STUDY ON INDIA’S DIGITAL READINESS

Change is the law of the nature. The introduction of the computers revolutionized almost every aspect of human life in 1960’s. The combination of the internet with the computers has marked the beginning of a new form of revolution and is termed as Digital Revolution. The revolution goes beyond simple device connectivity to the internet of Everything and has impact on all the aspects of human life. This led to towards a new form of digital disruption in the economy. Digital Disruption refers to the change that occurs in the existing processes and the activities due to the introduction of the latest technologies and led towards a revolutionary growth and upward movement. The factors causing the disruption are known as Digital Disruptors. This transformation has brought both the opportunities and threats for the economies especially the developing ones which are required to be tackled with the active participation and support of all the elements of the economy. The research paper focuses on studying the concept of the Digital disruption along with its advantages and disadvantages in context of Indian economy. The impact of the digital disruption on the investments and the economy are also discussed. The benefits brought in by this new form of revolution can be harnessed only when an economy is prepared to adopt and implement them in full, therefore the Networked Readiness Index published by World Economic Forum has been used for the purpose of the study.

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Keywords: Digital, Industrial Revolution, Disruptors, Networked Readiness.


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