drivers in technological change

1. Technological Change is an increase in
the efficiency of a product or process
that results in an increase in output,
without an increase in input. In other
words, someone invents or improves a
product or process, which is then used
to get a bigger reward for the same
amount of work.

2. Drivers of Technological Change

3. Invention

4. The primary driver of civilization is invention.
Inventions are often the result of an individual
or group’s curiosity about whether something
can be done or a problem can be solved.

5. The primary enablers of invention are
Science and Math.
Now, one of the greatest inventors was
Nikola Tesla. He invented the electric
motor. Therefore, he drove the need for
electricity.

7. Maxwell defined the laws of electricity — science.
That enabled Nikola Tesla to create generators and
motors. Tesla invented 3-phase electrical power,
which powers the world.
Science enables inventors.
Inventors drive technology.

8. Innovation

9. Innovation is the creation, development,
implementation, and combination of
products into a new product, process or
service, with the aim of improving
efficiency, effectiveness or competitive
advantage.

11. Cognitive

12. Cognition is a term referring to the mental
processes involved in gaining knowledge and
comprehension. These cognitive processes
include thinking, knowing, remembering,
judging, and problem-solving.

13. A. Creative Intelligence - Superior innate cognitive
endowment for analytic and/or imaginative
thinking;
B. Scholarly Aptitude and Discipline - Love of
learning and the determination and skill to pursue it
for life;
C. Mastery and Specialization - Acquiring sufficient
knowledge, expertise, and skill to achieve
authoritative leadership.

14. Material

15. An object or thing that can be
used to create new products.

16. A. Market Demand - Not only consumer markets, but
industries themselves and the natural and human
sciences as technology sponsors or buyers;
B. Funding Supply - Whether for amoral accumulation
of capital wealth and power for their own sake (aka
‘greed’) or philanthropic or humanitarian intents and
purposes, money is necessary (though not always
sufficient);
C. Scientific Advance - The vast majority of new
technology is either derived from or the cause of
advances in the research, development, or application
of scientific knowledge.

17. Culture

18. Culture is a word for the 'Way of Life' of
groups of people or the way they do
things.
The systematic application of various
branches of knowledge to practical
problems, which vary from one region to
another, depending on the climate or
geography or other factors governing the
environment which we live.

20. Money

21. Sometimes the people with the
curiosity and brains are highly
motivated by money. They are the
people who seek wealth.