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Precisely what is the Benefits of Technology?
"Technology in the long-run is irrelevant". That is just what a customer in mine informed me when I made a business presentation to him about a cool product. I had been speaking about the product's features and benefits and listed "state-of-the-art technology" or maybe something to this effect, among them. Then he made his statement. I just realized after that he was correct, at least within the framework of how I used "Technology" in my business presentation. But I began thinking of whether maybe he is right in other contexts on top of that.

What is Technology?

Merriam-Webster defines it such as:

1. an important: the program of knowledge specially in a particular space: engineering 2

m: a capability given by the practical application of knowledge a couple of : a manner in accomplishing a task especially working with technical procedures, methods, as well as knowledge 4 : the professional aspects of a certain field of endeavor Wikipedia defines it as: Technology (from Greek τÎχνη, techne, "art, skill, crafty of hand"; and -λογία, -logia[1]) may be the making, alteration, usage, and knowledge of equipment, machines, approaches, crafts, systems, and types of organization, to be able to solve a problem, improve a good preexisting solution to a problem, achieve a goal, tackle an utilized input/output relationship or execute a specific celebration. It can also reference the collection in such equipment, including machinery, modifications, measures and methods. Technologies appreciably affect individuals as well as other pet animal species' chance to control and adapt to their natural circumstances. The term can either be applied generally or to precise areas: these include construction technology, medical technology, and it. Both upgrades revolve around exactly the same thing - app and application. Technology can be an enabler Plenty of people mistakenly still find it technology of which drives invention. Yet from thecitrusreport.com over, that is definitely not the case. It is actually opportunity which inturn defines invention and technology which allows innovation. Consider the classic "Build a better mousetrap" example educated in most industry schools. It's likely you have the technology to build a much better mousetrap, but since you have hardly any mice the actual old mousetrap works well, you cannot find any opportunity and after that the technology to build a one will turn into irrelevant. On the flip side, if you are full of mice then a opportunity is accessible to pioneer a product making use of your technology.

An additional example, a person with which I just is intimately familiar, are consumer electronics new venture companies. Patient associated with both equally those that became popular and those that failed. Each possessed different leading edge technology. The difference is opportunity. Those that failed could not find the opportunity to develop a meaningful innovation applying their technology. The fact is to survive, these companies had to contort oftentimes inside something totally different and if they were lucky they could take advantage of derivatives of their initial technology. By and large, the original technology wound up inside the scrap ton. Technology, therefore, is an enabler whose quintessential value idea is to make improvements to our lives. Just to be relevant, it requires to be utilized to create improvements that are driven by option.

Technology as being a competitive advantage?

Many companies list a technology as one of their very own competitive pros. Is this strong? In some cases absolutely, but In most cases no .

Technology develops around two paths - an evolutionary avenue and new path.

A new technology is one which enables new market sectors or permits solutions to problems that were before not possible. Semiconductor technology is a great example. Besides did it spawn new sectors and products, but it created other ground-breaking technologies - transistor technology, integrated circuit technology, microprocessor technology. Almost all which furnish many of the services and products we take in today. But is semiconductor technology some competitive advantages? Looking at the volume of semiconductor companies that exist at this time (with latest ones growing every day), I'd say not. Think about microprocessor technology? Again, number Lots of processor companies in existence. How about quad core microprocessor technology? Less many companies, however, you have Intel, AMD, SUPPLY, and a host of companies building custom quad core processors (Apple, Samsung korea, Qualcomm, etc). So once again, not much of the competitive benefit. Competition out of competing systems and easy admission to IP minimizes the identified competitive benefit from any special technology. Android vs iOS is a good sort of how this works. Equally operating systems are derivatives of UNIX. Apple used their whole technology to introduce iOS and attained an early market place advantage. Nonetheless Google, applying their variant of Unix (a competing technology), caught up comparatively quickly. The issues for this are located not inside the underlying technology, but in how a products permitted by those technologies ended up being brought to market (free or walled garden, etc . ) and the differences in the proper visions of each one company.


Evolutionary technology is one which incrementally builds about the base innovative technology. Nonetheless by it is quite nature, the incremental difference is easier for the competitor correspond or leapfrog. Take for example wifi cellphone technology. Company 5 introduced 4G products prior to Company Some and while it could have had any term benefit, as soon as Firm A launched their 4-G products, the bonus due to technology disappeared. The person went back to selecting Company An important or Business V based on price, services, coverage, whatever, but not determined by technology. As a result technology might have been relevant in the short term, but in the long run, became less relevant.

In today's world, technology tend to get commoditized, and within virtually any particular technology lies the seeds of its own death.

Technology's Significance

This article was written in the prospective of an end customer. Via a developer/designer standpoint points get murkier. The further one is removed from the technology, the not as much relevant it might be. To a builder, the technology can look just like a product. A great enabling item, but a merchandise non-etheless, and therefore it is exceptionally relevant. Bose uses a private signal handling technology to allow products the fact that meet some market desires and thus the technology and what it makes it possible for is relevant to them. Consumers are more concerned with how it sounds, what's the purchase price, what's necessary to resist, etc ., rather than so much with how it truly is achieved, so the technology used is much less tightly related to them.

Just lately, I was involved in a discussion in Google+ about the new Motorola X mobile. A lot of the people on all those posts slammed the phone meant for various motives - cost, locked footwear loader, and so forth There were likewise plenty of knocks on the fact that this didn't have a very good quad-core processor like the S4 or THE NEW HTC One which are priced also. What they still did not grasp is the fact whether the producer used 1, 2, 4, or 8 cores in due course makes simply no difference as long as the phone can deliver a extreme (or actually best of class) feature arranged, functionality, selling price, and buyer experience. The iPhone is one of the most outstanding phones ever produced, yet it goes on a dual-core processor. It however delivers among the finest user encounters on the market. The characteristics that are enabled by the technology are precisely what are relevant to the individual, not the technology by itself.

The appropriateness of technology therefore , is really as an enabler, not as an item feature or simply a competitive benefit, or any myriad of other things -- an enabler. Looking at the Android os, it is an extraordinary piece of software technology, and yet Look online gives it away. Why? Mainly because standalone, it lets you do nothing for Google. Giving it away will allow other companies to apply their knowledge to build goods and services which then behave as enablers meant for Google's product or service. To Google and bing, that's where real benefit is.

The possession of or access to a technology is important for what it enables you to do - develop innovations of which solve conditions. That is the genuine relevance from technology.

Here's my website: https://thecitrusreport.com/
     
 
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