Search results
Results From The WOW.Com Content Network
The Smihula's theory of waves of technological revolutions is based on the idea that the main technological innovations are introduced in society and the economy not continually but in specific waves, and the time spans of these waves is shortening due to technological progress. [2] [3] [4]
An analysis of the history of technology shows that technological change is exponential, contrary to the common-sense 'intuitive linear' view. So we won't experience 100 years of progress in the 21st century—it will be more like 20,000 years of progress (at today's rate).
Eroom's law – is a pharmaceutical drug development observation that was deliberately written as Moore's Law spelled backward in order to contrast it with the exponential advancements of other forms of technology (such as transistors) over time. It states that the cost of developing a new drug roughly doubles every nine years.
General hype cycle for technology. Each hype cycle drills down into the five key phases of a technology's life cycle. 1. Technology trigger A potential technology breakthrough kicks things off. Early proof-of-concept stories and media interest trigger significant publicity. Often no usable products exist and commercial viability is unproven. 2.
Technological change (TC) or technological development is the overall process of invention, innovation and diffusion of technology or processes. [1] [2] In essence, technological change covers the invention of technologies (including processes) and their commercialization or release as open source via research and development (producing emerging technologies), the continual improvement of ...
The blue curve is broken into sections of adopters. Diffusion of innovations is a theory that seeks to explain how, why, and at what rate new ideas and technology spread. The theory was popularized by Everett Rogers in his book Diffusion of Innovations , first published in 1962. [ 1 ]
Measured by value added, the leading industry in the U.S. from 1880 to 1920 was machinery, followed by iron and steel. [19] Any influence of technology during the cycle that began in the Industrial Revolution pertains mainly to England. The U.S. was a commodity producer and was more influenced by agricultural commodity prices.
The Y-axis of the diagram shows the business gain to the proprietor of the technology while the X-axis traces its lifetime. The technology life cycle (TLC) describes the commercial gain of a product through the expense of research and development phase, and the financial return during its "vital life". Some technologies, such as steel, paper or ...