“Technology in the long-run is irrelevant”. That is what a client of mine informed me when I made a discussion to him regarding a new product. I had actually been speaking about the product’s functions as well as benefits and noted “state-of-the-art technology” or something to that effect, as one of them. That is when he made his statement. I realized later on that he was appropriate, at least within the context of just how I made use of “Technology” in my presentation. However I began thinking about whether he could be ideal in various other contexts as well.

What is Modern technology?

Merriam-Webster defines it as:

a: the practical application of understanding especially in a particular location: engineering

b: a capacity provided by the practical application of expertise

2: a manner of accomplishing a task particularly utilizing technical procedures, techniques, or expertise

3: the specialized aspects of a particular field of undertaking

Wikipedia defines it as:

Technology is the making, modification, use, as well as expertise of tools, makers, strategies, crafts, systems, and methods of organization, in order to resolve an issue, improve a preexisting solution to a trouble, accomplish a goal, manage a used input/output relationship or execute a details feature.

It can likewise describe the collection of such tools, including equipment, alterations, setups and also procedures. Technologies dramatically affect human in addition to other pet varieties’ ability to manage and also adjust to their natural environments. The term can either be used generally or to details areas: examples include building technology, medical technology, as well as infotech.

Both interpretations focus on the very same thing – application and use.

Innovation is an enabler

Many people mistakenly believe it is technology which drives development. Yet from the definitions above, that is plainly not the situation. It is opportunity which specifies advancement and modern technology which enables advancement. Think about the timeless “Build a much better mousetrap” instance instructed in most business institutions.

You might have the technology to build a better mousetrap, but if you have no mice or the old mousetrap functions well, there is no opportunity and then the innovation to develop a far better one ends up being pointless. On the other hand, if you are overrun with mice then the chance exists to introduce a product using your technology.

An additional example, one with which I am intimately familiar, are consumer electronic devices startup companies. I have actually been related to both those that prospered and those that fell short. Each possessed distinct cutting edge technologies. The distinction was opportunity. Those that failed might not discover the opportunity to create a meaningful development using their modern technology.

Actually to survive, these companies needed to morph sometimes into something completely various and also if they were fortunate they might make use of by-products of their original modern technology. Usually, the initial modern technology ended up in the dump. Technology, hence, is an enabler whose utmost worth proposition is to make improvements to our lives. In order to be relevant, it needs to be used to develop developments that are driven by opportunity.