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In the history of artificial intelligence, an AI winter is a period of reduced funding and interest in artificial intelligence research. [1] The field has experienced several hype cycles , followed by disappointment and criticism, followed by funding cuts, followed by renewed interest years or even decades later.
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Technology readiness levels (TRLs) are a method for estimating the maturity of technologies during the acquisition phase of a program. TRLs enable consistent and uniform discussions of technical maturity across different types of technology. [1]
The Soviet economist Nikolai Kondratiev was the first to observe technology life cycle in his book The Major Economic Cycles (1925). [2] [3] [4] Today, these cycles are called Kondratiev wave, the predecessor of TLC.
Conceptual models have been designed in order to facilitate a smooth product development process. Booz, Allen and Hamilton Model: One of the first developed models that companies still use in the NPD process is the Booz, Allen and Hamilton (BAH) Model, published in 1982. [18]
Technology is the application of conceptual knowledge to achieve practical goals, especially in a reproducible way. [1] The word technology can also mean the products resulting from such efforts, [2] [3] including both tangible tools such as utensils or machines, and intangible ones such as software.
Technological convergence is the tendency for technologies that were originally unrelated to become more closely integrated and even unified as they develop and advance. For example, watches, telephones, television, computers, and social media platforms began as separate and mostly unrelated technologies, but have converged in many ways into an interrelated telecommunication, media, and ...
Knowledge industries are those industries which are based on their intensive use of technology and/or human capital. [1] While most industries are dependent in some way on knowledge as inputs, knowledge industries are particularly dependent on knowledge and technology to generate revenue.