At any given moment it is easy to look back to see how technology has changed over time. At the same time it is difficult to see what transformations are taking place in current moment, and even more difficult to see where things are going.
We will explore what technology is. For us it may be the latest tech stuff we see, something new. But what about everyday objects that we take for granted. Are those not technologies also?
How does technology evolve and where did it come from? We look at some ideas on evolution of technology and how it is similar to biology in some ways. We will also look at the origin of the word technology. Finally we will define the term we will use in the course. Terms defined are technology, product performance, and innovation to name few.
50. Problem is that
people in
the R&D phase may
not be right in the
growth phase
The S-curve
51. Exponential trends
can be composed of
a sequence of S-
curves where each
curve is faster
The S-curve
52. Exponential trends
can be composed of
a sequence of S-
curves where each
curve is faster
The S-curve
53. Technology Life Cycle
Describes the
commercial gain of a
product through the
expense of research
and development
phase, and the
financial return during
its "vital life"
54. In the early days
The innovators and technology
enthusiasts drive the market
They demand technology
Small percentage of the market
In the later days
The pragmatists and conservatives
dominate; they want solutions and
convenience
The big market
Technology Life Cycle