Kevin Smyth, Global Director of Process Technology with IPS, spoke at the two-day virtual ACHEMA Pulse Conference with the topic of Disruptive Technologies in the BioPharmaceutical Sector. This virtual showcase is on several disruptive technologies and innovations that regulators are now actively encouraging in the life science sector to assess and implement.
- A Disruptive Technology is one that displaces an established technology and shakes up the industry or a ground-breaking product that creates a completely new industry.
- A Disruptive Innovation is the introduction of a product or service into an established industry that performs better and, generally, at a lower cost than existing offerings, thereby displacing the market leaders in that particular market space and transforming the industry.