What Does it Mean to Be “Tech”?

What does it mean to be “tech”? In the world of scientific research and industrial production, technology is at the center of it all. It is the center of production and innovation, enabling us to create the world we live in. The creation of new technologies often runs roughshod over the community’s needs. Tech creators can be resourceful, and the designs they create may not even be visible to them. To ensure that their new technology has a positive impact on communities, they must engage with communities early on.

Technology is the centerpiece of industrial production and scientific research

In essence, technology is the development of knowledge and skills that lead to the application of new tools and processes. While the development of fire and prehistoric tools increased food sources, the wheel and transportation technologies improved yields and reduced travel time. Further, new tools and technologies allowed the exchange of information and raw materials. The invention of the printing press and the computer led to the invention of the telephone, the computer, and the internet.

Today’s breakthroughs are unprecedented in scale, speed, and complexity. Unlike previous technological advances, the pace and scale of the Fourth Industrial Revolution is exponential rather than linear. New technologies are redefining industries and entire systems, and disrupting our daily routines in unprecedented ways. And with these developments, the Fourth Industrial Revolution is just beginning. But where does the future of technology lead us? How can we make use of it to benefit our daily lives?

Innovation in technology can be highly beneficial for economies. It boosts productivity and integrates ICT into the wider economy. Since 2000, U.S. R&D spending increased from $268 billion to $496 billion, while those of OECD peers only increased their expenditure incrementally. And India tripled its R&D spending from 2000 to 2015, spurring its fast-changing economies. By investing in research and development, countries can gain strategic competitive advantages.

It is the centerpiece of industrial production and scientific research

Technology is the application of knowledge, skills, methods, and processes to produce goods, services, and processes that benefit society. Science and technology are integrated into the functioning of all machines, whether we can recognize them or not. These technologies are systems that acquire an input, alter that input, and produce the desired result. These systems are the backbone of society, and their creations are the hallmarks of progress. Science and technology are important elements of economic growth.