Module 6: How technology foster innovation

Changes in technology are because of technological innovation that will lead to a new or improved technology. Technology is changing in two directions: one provides better performance and satisfies the demands and needs of increasing human potential.

Better performance of technology means higher speed, greater capacity, improving cost effectiveness, higher efficiency, increased reliability, reduced labor effort, more convenience in use and also has a higher degree of automation.

For example, cars are faster, easier and safer, and will need less maintenance. The ships are larger and require fewer crew members. Computers can perform more operations per unit time and can store more data. Communication devices are able additional information from a communication line to pass the time.

 It is also to meet the demands and needs of human beings. For example, washing machine or a pocket calculator do things that were not able to do before without the aid of technology.

Thus, innovation in technology will lead to a new technology or improved products that will be marketed.

The process of technological innovation:

Technology innovation process is a complex set of activities that transform ideas and knowledge into practical applications to physical reality. This process turns knowledge into products and services that have social and economic impacts. 

 The eight stages of technological innovation

1 - Basic Research

2 - Applied Research

3 - The Development Research

4 - Implementation of Technology

5 - Production

6 - Marketing

7 - Emission Technology

8 - Promoting Technology