Technology (from Greek τÎχνη, techne, “art, skill, crafty of hand”; and -λογÎ¯α, -logia) is that the creating, modification, usage, and information of tools, machines, techniques, crafts, systems, and strategies of organization, so as to unravel a retardant, improve a pre-existing resolution to a retardant, attain a goal, handle AN applied input/output relation or perform a particular perform. It may consult with the gathering of such tools, as well as machinery, modifications, arrangements and procedures. Technologies considerably have an effect on human furthermore as alternative animal species’ ability to manage and adapt to their natural environments. The term will either be applied typically or to specific areas: examples embrace construction technology, medical technology, and knowledge technology.
Both definitions revolve round the same factor – application and usage.
Technology is AN enabler
Many people erroneously believe it’s technology that drives innovation. however from the definitions on top of, that’s clearly not the case. it’s chance that defines innovation and technology that allows innovation. consider the classic “Build a much better mousetrap” example instructed in most business faculties. you would possibly have the technology to create a much better mousetrap, however if you have got no mice or the previous mousetrap works well, there’s no chance then the technology to create a much better one becomes immaterial. On the opposite hand, if you’re overrun with mice then the chance exists to initiate a product victimization your technology.
Another example, one with that i’m intimately acquainted, area unit shopper physical science startup firms. i have been related to each those who succeeded and people that unsuccessful. every possessed distinctive forefront technologies. The distinction was chance. those who unsuccessful couldn’t realize the chance to develop a meaning innovation victimization their technology. in reality to survive, these firms had to morph ofttimes into one thing whole totally different and if they were lucky they may profit of derivatives of their original technology. a lot of typically than not, the initial technology aroused within the scrap heap. Technology, thus, is AN enabler whose final worth proposition is to create enhancements to our lives. so as to be relevant, it must be wont to produce innovations that area unit driven by chance.
Technology as a competitive advantage?
Many firms list a technology together of their competitive blessings. is that this valid? In some cases affirmative, however In most cases no.
Technology develops on 2 methods – AN biological process path and a revolutionary path.
A revolutionary technology is one that allows new industries or allows solutions to issues that were antecedent inconceivable. Semiconductor technology may be a ideal. Not solely did it spawn new industries and product, however it spawned alternative revolutionary technologies – semiconductor unit technology, microcircuit technology, silicon chip technology. All which offer several of the product and services we have a tendency to consume nowadays. however is semiconductor technology a competitive advantage? watching the quantity of semiconductor firms that exist nowadays (with new ones forming each day), i would say not. however regarding silicon chip technology? once more, no. immeasurable silicon chip firms out there. however regarding quad core silicon chip technology? Not as several firms, however you have got Intel, AMD, ARM, and a bunch of firms building custom quad core processors (Apple, Samsung, Qualcomm, etc). So again, not abundant of a competitive advantage. Competition from competitors technologies and simple access to information processing mitigates the perceived competitive advantage of any explicit technology. mechanical man vs iOS may be a ideal of however this works. each operative systems area unit derivatives of OS. Apple used their technology to introduce iOS ANd gained an early market advantage. However, Google, utilizing their variant of OS (a competitor technology), held comparatively quickly. the explanations for this lie not within the underlying technology, however in however the product created doable by those technologies were dropped at market (free vs. walled garden, etc.) and therefore the variations within the strategic visions of every company.
Evolutionary technology is one that incrementally builds upon the bottom revolutionary technology. however by it’s extremely nature, the progressive modification is simpler for a challenger to match or leapfrog. see example wireless mobile phone technology. Company V introduced 4G product before Company A and whereas it should have had a brief term advantage, as shortly as Company A introduced their 4G product, the advantage thanks to technology disappeared. the buyer went back to selecting Company A or Company V supported worth, service, coverage, whatever, however not supported technology. so technology might need been relevant within the short term, however within the long run, became immaterial.
In today’s world, technologies tend to quickly become commoditized, and at intervals any explicit technology lies the seeds of its own death.
This article was written from the potential of AN finish client. From a developer/designer stance things get murkier. The more one is far from the technology, the less relevant it becomes. To a developer, the technology will appear as if a product. AN enabling product, however a product however, and so it’s extremely relevant. nuclear physicist uses a proprietary signal process technology to modify product that meet a collection of market necessities and so the technology and what it allows has relevancy to them. Their customers area unit a lot of involved with however it sounds, what is the worth, what is the quality, etc., and not such a lot with however it’s achieved, so the technology used is way less relevant to them.
Recently, i used to be concerned during a discussion on Google+ regarding the new Motorola X phone. tons of the individuals on those posts slammed the phone for numerous reasons – worth, fastened boot loader, etc. there have been conjointly many knocks on the actual fact that it did not have a quad-core processor just like the S4 or HTC One that were priced equally. What they did not grasp is that whether or not the manufacturer used one, 2, 4, or 8 cores, in the end, makes no distinction as long because the phone will deliver a competitive (or even better of class) feature set, practicality, price, and user expertise. The iPhone is one among the foremost made phones ever made, and however it runs on a dual-core processor. It still delivers one among the most effective user experiences on the market. The options that area unit enabled by the technology area unit what’s relevant to the buyer, not the technology itself.