Precisely what is this Importance connected with Technology?

 

Technology can be an enabler

Many people mistakenly still find it technology which drives innovation. Yet from the definitions above, that is clearly not the case. It is opportunity which defines innovation and technology which enables innovation. Consider the classic "Build a better mousetrap" example taught generally in most business schools. You may have the technology to build a better mousetrap, but when you have no mice or the old mousetrap is effective, there's no opportunity and then a technology to build a better one becomes irrelevant. On the other hand, if you should be overrun with mice then a opportunity exists to innovate an item using your technology.

Another example, one with which I'm intimately familiar, are consumer electronics startup companies. I've been connected with both the ones that succeeded and the ones that failed. Each possessed unique leading edge technologies. The difference was opportunity. Those who failed couldn't find the chance to develop a meaningful innovation using their technology. Actually to survive, these companies had to morph oftentimes into something completely different and if they were lucky they may make the most of derivatives of the original technology. http://yourtechcrunch.com/ More regularly than not, the original technology wound up in the scrap heap. Technology, thus, can be an enabler whose ultimate value proposition is to make improvements to our lives. To be able to be relevant, it must be utilized to generate innovations which can be driven by opportunity.

Technology as a competitive advantage?

Many companies list a technology as you of the competitive advantages. Is this valid? In some instances yes, but Typically no.

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

A revolutionary technology is the one which enables new industries or enables answers to problems that have been previously not possible. Semiconductor technology is a great example. Not only achieved it spawn new industries and products, nonetheless it spawned other revolutionary technologies - transistor technology, integrated circuit technology, microprocessor technology. All which provide many of the products and services we consume today. But is semiconductor technology a competitive advantage? Looking at how many semiconductor companies that exist today (with new ones forming every day), I'd say not. Think about microprocessor technology? Again, no. A lot of microprocessor companies out there. Think about quad core microprocessor technology? Not as numerous companies, but you've Intel, AMD, ARM, and a bunch of companies building custom quad core processors (Apple, Samsung, Qualcomm, etc). So again, very little of a competitive advantage. Competition from competing technologies and easy access to IP mitigates the perceived competitive advantageous asset of any particular technology. Android vs iOS is a great exemplory case of how this works. Both os's are derivatives of UNIX. Apple used their technology to introduce iOS and gained an early on market advantage. However, Google, utilizing their variant of Unix (a competing technology), trapped relatively quickly. The causes with this lie not in the underlying technology, but in how the products made possible by those technologies were brought to market (free vs. walled garden, etc.) and the differences in the strategic visions of every company.https://arstechnician.com/

Evolutionary technology is the one which incrementally builds upon the beds base revolutionary technology. But by it's very nature, the incremental change now is easier for a competitor to fit or leapfrog. Take as an example wireless cellphone technology. Company V introduced 4G products prior to Company A and while it may experienced a quick term advantage, the moment Company A introduced their 4G products, the benefit as a result of technology disappeared. The buyer went back to choosing Company A or Company V predicated on price, service, coverage, whatever, although not predicated on technology. Thus technology might have been relevant in the temporary, but in the long run, became irrelevant.https://techwaa.com/

In today's world, technologies tend to ver quickly become commoditized, and within any particular technology lies the seeds of a unique death.

Technology's Relevance

This short article was written from the prospective of an end customer. From the developer/designer standpoint things get murkier. The further one is taken off the technology, the less relevant it becomes. To a developer, the technology can look such as for instance a product. An enabling product, but an item nonetheless, and thus it is highly relevant. Bose works on the proprietary signal processing technology to enable products that meet a set of market requirements and thus the technology and what it enables is strongly related them. https://techsitting.com/ Their clients are more concerned with how it sounds, what's the purchase price, what's the product quality, etc., and not really much with how it is achieved, thus the technology used is a lot less strongly related them.