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Technological change (TC) or technological development is the overall process of invention, innovation and diffusion of technology or processes. [1] [2] In essence, technological change covers the invention of technologies (including processes) and their commercialization or release as open source via research and development (producing emerging technologies), the continual improvement of ...
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. Technology plays a critical role in science, engineering, and everyday life. Technological advancements have led to significant changes in society.
A technological revolution is a period in which one or more technologies is replaced by another new technology in a short amount of time. It is a time of accelerated technological progress characterized by innovations whose rapid application and diffusion typically cause an abrupt change in society.
Dramatic changes in the rate of economic growth have occurred in the past because of some technological advancement. Based on population growth, the economy doubled every 250,000 years from the Paleolithic era until the Neolithic Revolution. The new agricultural economy doubled every 900 years, a remarkable increase.
It can be defined as either the most complex or the newest technology on the market. [3] The opposite of high tech is low technology, referring to simple, often traditional or mechanical technology; for example, a slide rule is a low-tech calculating device. [4] [5] [6] When high tech becomes old, it becomes low tech, for example vacuum tube ...
Civic technology: Research and development, projects Smart cities, more responsive government Smart city, e-democracy, open data, intelligent environment: Digital scent technology: Diffusion Smell-O-Vision, iSmell: DNA digital data storage: Experiments Mass data storage Electronic nose: Research, limited commercialization [20] [21]
"Technology innovation" gives a sense of working on technology for the sake of technology. "Technological innovation" better reflects the business consideration of improving business value by working on technological aspects of the product or services. These advancements would show improvement for the business's that adapt to this new technology.
A tech-utopia does not disregard any problems that technology may cause, [2] but strongly believes that technology allows mankind to make social, economic, political, and cultural advancements. [3] Overall, Technological Utopianism views technology's impacts as extremely positive.