What’s the Relevance of technology?

Technology (from Greek τέχνη, techne, “art, skill, foxy of hand”; and -λογία, -logia) is the making, change, usage, and expertise of gear, machines, strategies, crafts, structures, and strategies of enterprise, on the way to solve a trouble, enhance a preexisting approach to a hassle, attain a purpose, deal with an carried out enter/output relation or perform a selected feature. it could additionally consult with the gathering of such gear, along with machinery, changes, arrangements and tactics. technology extensively have an effect on human in addition to other animal species’ ability to control and adapt to their herbal environments. The term can either be carried out usually or to particular areas: examples encompass construction technology, clinical generation Odyssey, and statistics generation.

each definitions revolve across the equal element – application and usage.

technology is an enabler

Many human beings mistakenly believe it’s miles era which drives innovation. but from the definitions above, that is surely now not the case. it is possibility which defines innovation and era which enables innovation. think about the classic “build a higher mousetrap” instance taught in maximum enterprise faculties. you might have the technology to construct a higher mousetrap, however if you have no mice or the antique mousetrap works well, there’s no opportunity and then the technology to construct a higher one will become beside the point. alternatively, in case you are overrun with mice then the opportunity exists to innovate a product using your technology.

some other example, one with which i’m in detail familiar, are client electronics startup groups. i’ve been related to each those that succeeded and people that failed. each possessed unique leading edge technologies. The difference changed into possibility. people who failed couldn’t discover the possibility to develop a significant innovation the use of their era. In truth to continue to exist, those groups had to morph regularly into some thing definitely distinctive and in the event that they had been fortunate they might take advantage of derivatives in their original generation. greater frequently than no longer, the authentic era wound up within the scrap heap. era, accordingly, is an enabler whose remaining value proposition is to make upgrades to our lives. a good way to be relevant, it needs for use to create innovations that are driven by way of possibility.

technology as a competitive benefit?

Many businesses listing a technology as certainly one of their competitive benefits. is this legitimate? In a few instances sure, however In most instances no.

generation develops along paths – an evolutionary path and a innovative course.

A progressive generation is one that enables new industries or allows answers to issues that had been previously not viable. Semiconductor technology is a great example. no longer best did it spawn new industries and merchandise, however it spawned other revolutionary technologies – transistor generation, integrated circuit generation, microprocessor generation. All which give a lot of the products and services we eat today. but is semiconductor generation a aggressive advantage? looking on the number of semiconductor agencies that exist today (with new ones forming each day), i’d say now not. How approximately microprocessor era? once more, no. masses of microprocessor organizations out there. How about quad center microprocessor generation? not as many organizations, however you’ve got Intel, AMD, ARM, and a number of businesses building custom quad core processors (Apple, Samsung, Qualcomm, etc). So once more, now not a good deal of a competitive advantage. opposition from competing technologies and smooth get entry to to IP mitigates the perceived aggressive advantage of any specific generation. Android vs iOS is a superb example of ways this works. each operating structures are derivatives of UNIX. Apple used their era to introduce iOS and received an early market advantage. but, Google, utilizing their variant of Unix (a competing technology), caught up tremendously quickly. The reasons for this lie no longer in the underlying generation, but in how the products made viable by means of the ones technologies were added to marketplace (free vs. walled lawn, etc.) and the variations in the strategic visions of each agency.

Evolutionary technology is one which incrementally builds upon the bottom revolutionary technology. but through it is very nature, the incremental alternate is less difficult for a competitor to fit or leapfrog. Take as an example wireless cellular phone generation. corporation V introduced 4G products prior to corporation A and even as it is able to have had a quick term benefit, as quickly as corporation A delivered their 4G merchandise, the benefit due to technology disappeared. The purchaser went lower back to selecting enterprise A or business enterprise V based totally on rate, provider, coverage, some thing, however now not based totally on generation. for this reason generation could have been relevant inside the brief term, however within the long term, became inappropriate.

In modern global, technology tend to fast end up commoditized, and inside any precise generation lies the seeds of its own loss of life.

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