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Technology in The long-run is immaterial. That is what was told by a client of mine when made a presentation about a product that is new to him Was speaking about the product’s features and benefits and recorded state-of-the-art technology or something to that effect, as one of these. When he made his announcement, that is understood later that he had been right, at least within the context of how used Technology in my presentation But started thinking about whether he is right in different contexts. The practical application of knowledge especially in a specific area: engineering two a capability given by the practical application of knowledge a way of accomplishing a task especially using technical processes, methods, or knowledge the technical aspects of a specific field of endeavor.

Technology

¬†Technology from Greek techno ,art, skill, cunning of hand; and – is the making, modification, utilization, and knowledge of machines, tools, techniques, crafts, systems, and methods of business, in order to resolve a problem, enhance a preexisting solution to a problem, reach a goal, manage and applied input or output terms or perform a particular purpose. It may also refer to the collection including arrangements, alterations, machines and processes. Technologies affect human and other animal species’ ability to control and adapt to their surroundings. The term can be applied to particular areas or generally: examples include medical engineering construction technology, and information technology. Both definitions Revolve around the thing – use and application. Technology is an enabler many people mistakenly believe it is. Yet above, that is clearly not true. It is chance which defines technologies and innovation which enables innovation.

Consider the classic Build a better mousetrap example taught in most business schools. You may have the Technology to construct a better mousetrap, but in case you have got no mice or the old mousetrap works well, there is absolutely no chance and then the tech to construct a better one becomes immaterial. On the other hand, if you are overrun with mice the chance exists to innovate a product One, another example with which am familiar, are consumer electronics startup businesses have been associated with those that succeeded. Unique edge technologies were possessed by each. The difference was chance. Could not find the chance to come up with a purposeful innovation actually to survive, these firms had to sew faithfully into something entirely different and if they were lucky they could benefit from derivatives of the original technology. The technology that was first wound up in the garbage heap Tech is an enabler whose value proposition is to make improvements. So as to be relevant, it has to be used to make opportunity innovations that are driven by chance.