“Technology within the long-run is irrelevant”. That is what a customer of mine instructed me when I made a presentation to him approximately a new product. I had been speakme approximately the product’s capabilities and benefits and indexed “today’s technology” or something to that impact, as one of them. That is when he made his assertion. I realized later that he became syntaxbusiness.com, at least within the context of the way I used “Technology” in my presentation. But I started thinking about whether or not he may be right in different contexts as nicely.
What is Technology?
Merriam-Webster defines it as:
a: the realistic software of information particularly in a specific place: engineering 2 <medical technology>
b: a functionality given by the sensible software of know-how <a car’s fuel-saving technology>
2: a manner of undertaking a assignment specifically the use of technical processes, methods, or expertise
3: the specialised components of a particular field of endeavor <educational technology>
Wikipedia Defines it As:
Technology (from Greek τÎχνη, techne, “art, talent, foxy of hand”; and -λογία, -logia[1]) is the making, amendment, usage, and information of equipment, machines, strategies, crafts, structures, and techniques of enterprise, that allows you to clear up a problem, improve a preexisting method to a hassle, attain a goal, cope with an implemented enter/output relation or carry out a specific feature. It can also refer to the gathering of such tools, including machinery, modifications, arrangements and methods. Technologies appreciably affect human in addition to different animal species’ capacity to manipulate and adapt to their herbal environments. The time period can both be carried out typically or to unique regions: examples consist of construction era, clinical generation, and information era.
Both definitions revolve across the equal element – utility and usage.
Technology is an Enabler
Many people mistakenly accept as true with it’s miles generation which drives innovation. Yet from the definitions above, this is without a doubt no longer the case. It is possibility which defines innovation and era which allows innovation. Think of the traditional “Build a higher mousetrap” example taught in maximum business faculties. You might have the generation to construct a better mousetrap, however if you have no mice or the vintage mousetrap works well, there’s no possibility and then the generation to construct a higher one will become beside the point. On the opposite hand, if you are overrun with mice then the possibility exists to innovate a product using your technology.