technology

Examples of technology in the following topics:

• Sourcing Technology

  • Technology sourcing, or the pursuit of implementing new technologies within a businesses strategic framework, involves isolating and applying new technologies to current models.
  • Technology can be developed internally or isolated through technology scouting and then implemented through technology transfer.
  • Technology scouting is essentially forecasting technological developments through information gathering.
  • Transfer of technology is therefore expensive, from licensing the patented technology to requesting training in new technological advances for staff.
  • Technology develops through a series of stages: basic technology research, research to prove feasibility, technology development, technology demonstration, system/subsystem development, and system test, launch & operations.

• Assessing an Organization's Technological Needs

  • Assessing the internal technological assets and future needs of an organization prepares management for successful technology integration.
  • Technology Strategy - identifying the logic or role of technology within the company.
  • Technology Forecasting - identifying applicable technologies for the company, potentially through scouting.
  • Technology Roadmapping - ascertaining the trajectories of technological advancement and applying business or market needs to this assessment.
  • Technology Portfolios - accumulating all technologies relevant to products or operations to determine which are ideal for internal implementation.

• Technological Developments in Textiles

• Technological Change

  • In economics, technological change is a term used to describe the change in a set of feasible production possibilities.
  • One primary factor that influences the growth of an economy is technological change.
  • Technological change is a term used to describe the change in a set of feasible production possibilities.
  • In order to advance and continue to grow all markets need to make use of new technology to stay competitive.
  • Advances in technology creates an increased level of output with the same inputs, which improves productivity.

• Technology

  • Technology is one small piece of knowledge.
  • Technology is more than a set of skills to do things.
  • Humans seek to understand these interactions and develop technology by combining and reorganizing existing technologies.
  • Technological change is pervasive.
  • New technology is the result of old technology(ies) being recombined in new ways and used for new purposes.

• Technology as a Driver and Enabler of Innovation

  • Technology is a powerful driver of both the evolution and proliferation of innovation.
  • The proliferation of innovation pertains to two important factors of technology driving innovation: the creation of geographic hubs for technology and empowerment of knowledge exchange through communication and transportation.
  • Communication and cumulative knowledge in these technology hubs allows for these innovations to spread via technology to be implemented across the globe with relative immediacy.
  • Empirical evidence generates a positive correlation between technological innovation and economic performance.
  • Examine the role of technology as a driver of competitive advantage and innovation in the business framework

• Understanding Current Trends in Technology

  • The field of business technology management (BTM) arose to provide businesses with the best approaches for assessing and implementing these varying technological advances into their strategies.
  • Information - Scouting and assessing the current technological environment through extensive research teams is necessary to make the appropriate decisions (see "Sourcing Technology" and "Assessing Needs in Technology" within this Boundless segment).
  • Taken together, these four dimensions applied to alignment and synchronization of new technology can help businesses keep up with or ever stay ahead of current technologies and trends.
  • Companies can benefit from the intrinsic opportunities technological progress provides while offsetting the intrinsic risks of external technological development.
  • Recognize the importance of keeping pace with current technologies and trends to retain competitive capacity and identify the four specific dimensions of business technology management (BTM)

• The State of Technology

  • By looking at how business IT strategies are structured, we can identify why technology matters through considering the state of technology from various perspectives.
  • Technology is the great enabler.
  • Nowadays, integrating technological tools to execute complex tasks is the norm.
  • Identifying technologies that could cut costs, improve productivity, capture new markets, or fulfill new needs for consumers is a constant focal point for technology specialists.
  • All and all, the current state of technology is always evolving.

• Using Technology to Communicate

  • Communication technologies support many types of messaging and information sharing in organizations.
  • Some technologies support simultaneous, or real-time, interaction, including among individuals in different locations.
  • Examples of this type of technology include teleconferences and web chats.
  • Organizations use communication technology to support and drive their business activities.
  • Some examples of technology used to communicate in business include:

• The Challenge of Technology

  • Technology management is crucial in offsetting the risks of new technology while acquiring the operational benefits it provides.
  • The reason behind the prioritization of technology management is that new, disruptive technology constantly threatens to result in higher efficiency of competitors.
  • From a general standpoint, business technology management focuses on understanding how technology fits into an organization's processes and structure.
  • Performing appropriate research and analysis of the current technological environment generates the highest return on the (often expensive) investments demanded by keeping pace technologically.
  • The capacity to forecast up-and-coming technologies to construct an investment road map that always keeps the competition a technological step behind