What Is the Relevance of Technology?

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“Innovation over the long haul is insignificant”. That is the thing that a client of mine let me know when I made a presentation to him around another item. I had been discussing the item’s components and advantages and recorded “best in class innovation” or something to that impact, as one of them. That is the point at which he put forth his expression. I understood later that he was right, in any event inside the setting of how I utilized “Innovation” in my presentation. In any case, I started pondering whether he could be right in different settings also.

What is Technology?

Merriam-Webster characterizes it as:


a: the handy utilization of learning particularly in a specific region: building 2 <medical technology>

b: a capacity given by the down to earth utilization of information <a auto’s fuel-sparing technology>


: a way of achieving an errand particularly utilizing specialized procedures, techniques, or information


: the specific parts of a specific field of attempt <educational technology>

Wikipedia characterizes it as:

Innovation (from Greek τî­χνη, techne, “workmanship, aptitude, sly of hand”; and – λογî¯α, – logia[1]) is the making, alteration, utilization, and information of instruments, machines, procedures, specialties, frameworks, and strategies for association, so as to tackle an issue, enhance a previous answer for an issue, accomplish an objective, handle a connected info/yield connection or play out a particular capacity. It can likewise allude to the accumulation of such apparatuses, including hardware, adjustments, game plans and strategies. Innovations essentially influence human and in addition other creature species’ capacity to control and adjust to their common habitats. The term can either be connected for the most part or to particular zones: illustrations incorporate development innovation, therapeutic innovation, and data innovation.

Both definitions rotate around the same thing – application and use.

Innovation is an empowering agent

Numerous individuals erroneously trust it is innovation which drives development. However from the definitions over, that is obviously not the situation. It is opportunity which characterizes advancement and innovation which empowers development. Think about the exemplary “Form a superior mousetrap” case taught in many business colleges. You may have the innovation to manufacture a superior mousetrap, yet in the event that you have no mice or the old mousetrap functions admirably, there is no open door and afterward the innovation to construct a superior one gets to be unimportant. Then again, on the off chance that you are overwhelm with mice then the open door exists to develop an item utilizing your innovation.

Another illustration, one with which I am personally well known, are shopper gadgets new businesses. I’ve been connected with both those that succeeded and those that fizzled. Each had exceptional driving edge advances. The distinction was opportunity. Those that fizzled couldn’t discover the chance to build up a significant advancement utilizing their innovation. Actually to survive, these organizations needed to transform periodically into something very surprising and in the event that they were fortunate they could exploit subordinates of their unique innovation. As a general rule, the first innovation ended up in the scrap stack. Innovation, therefore, is an empowering influence whose extreme quality recommendation is to make upgrades to our lives. With a specific end goal to be pertinent, it should be utilized to make advancements that are driven by circumstance.

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