For example, the internet created a paradigm shift in the way business is conducted. Email and scan replaced the fax machine and courier services. Orders for securities can now be placed directly by the client via the internet and are sometimes executed in seconds. Before the internet, a client would have to call their broker who would write out an order ticket for the broker's record, then call the firm's floor broker to execute the trade. Stock quotes are now widely available through multiple sources thanks to modern technology, whereas 100 years ago people needed ticker machines installed in their offices. All of the old-time equipment such as order tickets, fax machines, and ticker machines are now obsolete thanks to the paradigm shift brought on by modern technology.
Source:  https://www.investopedia.com/terms/p/paradigm-shift.asp
Candice Tabil

Consider the story of Sony's development of the compact disc. Their research and development began as early as 1970, but by 1976, they stopped their research, concluding that compact discs were not appropriate for music.

In 1979, Phillips of the Netherlands approached Sony to talk about establishing a world standard for audio CDs. Sony did not admit that they had long since abandoned the project; they invited Phillips to come for a visit. They allowed Phillips to make their presentation of information first.

Phillips respectfully acknowledged that the Japanese were far ahead of them in research and development, but Phillips proposed a disc size that was about one-half inch larger in diameter than today's disc.
Ashleigh Rees