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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 ...
In futures studies and the history of technology, accelerating change is the observed exponential nature of the rate of technological change in recent history, which may suggest faster and more profound change in the future and may or may not be accompanied by equally profound social and cultural change.
The importance of stone tools, circa 2.5 million years ago, is considered fundamental in the human development in the hunting hypothesis. [citation needed]Primatologist, Richard Wrangham, theorizes that the control of fire by early humans and the associated development of cooking was the spark that radically changed human evolution. [2]
Diffusion of an innovation is the concept of how it is picked up by society, at what rate and why. [34] The diffusion of a technological innovation into society can be considered in distinct phases. [35] Pre-development is the gestation period where the new technology has yet to make an impact.
Technology plays a critical role in science, engineering, and everyday life. Technological advancements have led to significant changes in society. The earliest known technology is the stone tool , used during prehistory , followed by the control of fire —which in turn contributed to the growth of the human brain and the development of ...
Living technology is the field of technology that derives its functionality and usefulness from the properties that make natural organisms alive (see life).It may be seen as a technological subfield of both artificial life and complex systems and is relevant beyond biotechnology to nanotechnology, information technology, artificial intelligence, environmental technology and socioeconomic ...
The main reason why innovating too fast is undesirable is that the technology tends to have unintended consequences caused by the lack of adequate trial and error, including deliberation among all parties involved in the use of a product. There are numerous examples in history that point out the unintended consequences of innovating too fast.
New lag hypotheses are substantially the same as older lag hypotheses but focus on the lag effects of different new technology and different ways that technology can improve productivity. Productivity benefits from IT investments in the mid-1990s tend to come from their ability to improve supply-chain, back-office and end-to-end operations.