Notes

What Is the Relevance of Technology?
"Technology in the long-run is irrelevant" ;.That is what a customer of quarry told me when I made a presentation to him about a brand new product. I have been discussing the product's features and benefits and listed "state-of-the-art technology" or anything compared to that impact, as you of them. That is when he built his statement. I noticed later he was right, at the very least within the situation of how I applied "Technology" within my presentation. But I started contemplating whether he could possibly be correct in different contexts as well.

What's Technology?

Merriam-Webster becomes it as:

1

a: the sensible program of knowledge especially in a certain region: design 2

t: a capability given by the practical program of knowledge



2

: a method of accomplishing a job specially using complex operations, methods, or information

3

: the particular facets of a specific subject of endeavor

Wikipedia becomes it as:

Engineering (from Greek τÎχνη, techne, "artwork, ability, clever of hand"; and -λογία, -logia[1]) is the making, modification, utilization, and familiarity with instruments, machines, practices, products, methods, and types of business, in order to resolve a problem, improve a preexisting treatment for a challenge, obtain a target, handle an used input/output connection or perform a particular function. Additionally, it may reference the collection of such methods, including equipment, modifications, plans and procedures. Systems somewhat influence human as well as other pet species' capacity to control and change to their organic environments. The term may either be used typically or to particular places: instances contain construction technology, medical technology, and information technology.

Both definitions rotate about the same thing - application and usage.

Technology is an enabler

Lots of people wrongly believe it is engineering which pushes innovation. Yet from the definitions above, that is actually not the case. It is prospect which defines development and engineering which allows innovation. Think of the basic "Build a much better mousetrap" example shown in many business schools. You might have the engineering to create a better mousetrap, but if you have number mice or the previous mousetrap is effective, there's no prospect and then a technology to construct a better one becomes irrelevant. On another give, if you're overrun with rats then the prospect exists to innovate something utilizing your technology.

Yet escorts in atlanta , one with which I am intimately common, are electronic devices startup companies. I've been associated with equally those that prevailed and those that failed. Each possessed distinctive primary edge technologies. The difference was opportunity. The ones that failed could not discover the ability to produce a important development using their technology. Actually to endure, these organizations had to morph frequently into something many different and if these were lucky they might make the most of derivatives of these unique technology. More frequently than not, the initial technology wound up in the scrap heap. Technology, therefore, can be an enabler whose ultimate value proposition is to produce changes to our lives. To be able to be relevant, it must be utilized to generate innovations that are driven by opportunity.

Engineering as a aggressive gain?

Many companies record a engineering as you of their competitive advantages. Is that legitimate? Sometimes sure, but Typically no.

Technology grows along two routes - an evolutionary path and a revolutionary path.

A revolutionary engineering is the one that permits new industries or enables solutions to problems which were previously maybe not possible. Semiconductor engineering is a great example. Not only achieved it spawn new industries and items, nonetheless it spawned other innovative technologies - transistor technology, integrated world technology, microprocessor technology. All which provide most of the services and products and companies we eat today. But is semiconductor technology a competitive gain? Looking at the number of semiconductor companies that exist today (with new people developing every day), I'd claim not. How about microprocessor technology? Again, no. Lots of microprocessor companies out there. How about quad primary microprocessor technology? Not as many organizations, but you've Intel, AMD, ARM, and a number of companies making custom quad primary processors (Apple, Samsung, Qualcomm, etc). Therefore again, not much of a aggressive advantage. Competition from competitive systems and easy access to IP mitigates the perceived aggressive advantageous asset of any particular technology. Android vs iOS is an excellent exemplory case of how that works. Both operating systems are derivatives of UNIX. Apple used their technology to introduce iOS and acquired an earlier market advantage. However, Bing, applying their alternative of Unix (a competing technology), caught up relatively quickly. The reasons with this sit perhaps not in the underlying engineering, but in how these products made possible by those systems were brought to market (free vs. walled backyard, etc.) and the variations in the proper dreams of every company.

Evolutionary engineering is one which incrementally develops upon the beds base innovative technology. But by it's very nature, the step-by-step change is simpler for a player to complement or leapfrog. Take like instant phone technology. Business V introduced 4G products and services just before Company A and while it could experienced a quick term benefit, the moment Company A presented their 4G services and products, the advantage due to technology disappeared. The consumer returned to selecting Company A or Organization V based on price, support, protection, whatsoever, but not centered on technology. Ergo engineering may have been relevant in the short term, but in the long run, turned irrelevant.
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