Notes

What Is the Relevance of Technological innovation?
"Technology in typically the long-run is irrelevant". That may be what the customer of quarry told me while i made a demonstration to him of a new product. I actually had been discussing the product's functions and benefits and listed "state-of-the-art technology" or something to this effect, as 1 of them. Of which is when he made his assertion. I realized later on that he seemed to be correct, at least within the context of how I used "Technology" in my business presentation. But I commenced thinking about no matter if he could become right consist of situations as well.

What exactly is Technology?

Merriam-Webster identifies it as:

a single

a: the useful application of knowledge especially in a certain area: engineering 2

w: a capability presented by the practical application of understanding

a couple of

: a manner of achieving a task especially using technical processes, strategies, or knowledge

a few

: the specialized elements of a certain industry of endeavor

Wikipedia identifies it as:

Technology (from Greek? Î???, techne, "art, skill, cunning of hand"; and -??? ί?, -logia[1]) is the making, modification, usage, plus familiarity with tools, devices, techniques, crafts, devices, and methods of organization, as a way to resolve a problem, increase a preexisting solution to a problem, attain a goal, handle an applied input/output relation or perform a specific functionality. It can furthermore refer to the gathering of such resources, including machinery, adjustments, arrangements and procedures. Technologies significantly impact human as properly as other dog species' ability to control and modify to their natural environments. The word could either be applied generally or to be able to specific areas: illustrations include construction technologies, medical technology, and information technology.

Both meanings revolve around typically the same thing -- application and usage.

Technology is an enabler

Many men and women mistakenly believe that it is technological innovation which drives creativity. Yet from your descriptions above, that is certainly plainly not the situation. Its opportunity which often defines innovation in addition to technology which allows innovation. Think regarding the classic "Build a better mousetrap" example taught inside most business universities. You might possess the technology to build the mousetrap, but if a person have no mice or perhaps the old mousetrap works well, there is no opportunity and next the technology to build a better one becomes irrelevant. In the other hands, if you will be full of mice after that the opportunity exists to innovate a product using your own technology.

Another example, one with which often I am thoroughly familiar, are gadgets startup companies. Trying to find associated with the two those who succeeded and those that hit a brick wall. Each possessed unique leading edge technology. The difference was basically opportunity. Those of which failed could hardly get the opportunity to be able to build a meaningful innovation employing their technology. Found in fact to outlive, these types of companies had in order to morph oftentimes straight into something totally diverse and if we were holding lucky they may take full advantage of derivatives of their original technological innovation. More often compared to not, the original technologies wound up within the scrap heap. Technologies, thus, is the enabler whose maximum value proposition is definitely to make improvements to our lives. In order to be relevant, it needs in order to be used to make innovations that are driven by opportunity.

Technology as a competitive advantage?

Many companies list some sort of technology as a single of their competing advantages. Is this valid? In some instances yes, but Inside of most cases no .

Technology develops alongside two paths - an evolutionary path and a revolutionary path.

A innovative technology is one which usually enables new industries or enables alternatives to problems that were previously not necessarily possible. Semiconductor technological innovation is an excellent example. Not just did it spawn new industries in addition to products, but that spawned other groundbreaking technologies - receptor technology, integrated outlet technology, microprocessor technological innovation. All which offer a lot of the products and even services we consume today. But will be semiconductor technology some sort of competitive advantage? Looking at the number associated with semiconductor companies that exist today (with new ones forming every day), I'd personally say not. What about microprocessor technology? Once again, no. Lots of microprocessor companies out and about there. How about quad core microprocessor technology? Not as many businesses, but you need Intel, AMD, EQUIP, and also a host associated with companies building custom quad core cpus (Apple, Samsung, Qualcomm, etc). So once more, very little of some sort of competitive advantage. Opposition from competing technology and easy usage of IP mitigates the perceived competitive advantage of any particular technology. Android vs iOS is a good example of just how this works. The two operating systems are really derivatives of UNIX. Apple used their own technology to present iOS and acquired an early market edge. Yet , Google, using their variant regarding Unix (a competing technology), caught up fairly quickly. The issues regarding this lie not in the root technology, but inside how the items made possible simply by those technologies had been taken to market (free vs . walled garden, etc . ) plus the variations in the particular strategic visions of each company.

Evolutionary technology is one particular which incrementally builds upon the bottom revolutionary technology. But by it is extremely characteristics, the incremental alter is easier for any competitor to complement or leapfrog. Get for example wireless cellphone technology. Firm V introduced 4-G products prior to be able to Company A plus while it may well include had a quick term advantage, as soon as Firm A introduced their 4G products, the advantage due to technologies disappeared. The consumer went back to selecting Company A or even Company V depending on price, service, protection, whatever, but not really based upon technology. Thus technology might possess been relevant for the short term, but in the long term, started to be irrelevant.

In today's world, technologies are likely to quickly come to be commoditized, and inside any particular technology lies the seeds of its own passing away.

Technology's Relevance

This kind of article was composed from the possible of an ending customer. From your developer/designer standpoint things find murkier. The additional one is removed from the technology, the particular less relevant it becomes. To a creator, the technology might look such as an item. An enabling product or service, but a product yet, and thus it really is highly relevant. Bose uses a private signal processing technology to allow products that meet an arranged of market specifications and thus the technology and just what it enables is definitely relevant to all of them. Consumers are more worried with how it sounds, what's the retail price, what's the good quality, etc ., and not so much along with how it is usually achieved, thus typically the technology used is usually much less relevant to them.

Lately, I was engaged in an analysis in Google+ about the new Motorola X telephone. A lot regarding the people on those posts slammed the phone for various reasons -- price, locked footwear loader, etc. There are also plenty regarding knocks on the particular fact that it didn't have a quad-core processor such as the S4 or HTC One which were priced similarly. The actual failed to be able to grasp is the fact that no matter if the manufacturer applied 1, 2, some, or 8 oignon in the finish makes no big difference as long as the phone can offer a competitive (or even most of class) feature set, functionality, price, and end user experience. The apple iphone is 1 of the most successful phones ever before produced, and however it runs upon a dual-core cpu. It still offers among the best user suffers from in the marketplace. The attributes that are enabled by the technology are what will be relevant to the buyer, not the technologies itself.

The relevance of technology consequently , is as an enabler, not as a product feature or a competitive benefit, or any myriad of other items : an enabler. Searching at the Android operating system, this is an amazing piece of software technology, however Search engines gives it aside. Why? Because standalone, it does absolutely nothing for Google. Giving it away enables other companies to utilize their expertise to build products and companies which then become enablers for Google's products and services. To Google, gowns where the normal value is.

Carefully of or entry to a technology is only important for just what it allows you to carry out - create enhancements which solve troubles. That is the particular real relevance of technolo
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