What is Technological Change?
Technological change (TC) or technological development, is the overall process of invention, innovation and diffusion of technology or processes.
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 technologies (in which they often become less expensive), and the diffusion of technologies throughout industry or society (which sometimes involves disruption and convergence).
In short, technological change is based on both better and more technology.
APPLE
Technology is ever-changing and will be for years to come. We at Digital Trike do what we can to stay up-to-date with the most current technology trends to better serve our clients.
When looking at the types of technology we currently have available, a lot of it comes from the creative minds at Apple.
In most cases, they were and continue to be the first to come up with a new idea. Other companies use Apple’s ideas to come up with ones similar for their own products. Whether you want to admit to it or not, Apple has been a huge if not the biggest contributor to today’s technology.
When the iPhone was first introduced in 2007, it was completely different than any other phone ever created. Before the iPhone, smartphones either looked like big bulky BlackBerries or an unattractive device from Nokia. After the iPhone, BlackBerries and Nokias soon had a similar look and function as the iPhone. The iPhone transformed the industry too, with BlackBerry and Nokia left behind and Microsoft binning its mobile platform altogether.
It changed the way we go online and it’s transformed Apple, too – thanks to its worldwide sales Apple is now the world’s richest technology company. The iPhone was and continues to be very popular and highly influential.
NETFLIX
Now an online streaming juggernaut, Netflix started as a DVD rental home delivery service. At the peak of its popularity in 2010, Netflix’s DVD-by-mail service had 20 million subscribers.
In response to the growing popularity of online streaming, Netflix offered the streaming along with their DVD rental service.
This shift in focus was initially met with some resistance from subscribers who balked at the increased price. However, the debut of their critically acclaimed original content, such as House of Cards and Orange is the New Black spurred an increase in subscribers.
Netflix has since been pulling in substantial growth in revenue and subscriber numbers in recent years.
Its online streaming business unit is booming with $6.1 billion in revenue and 75 million subscribers in 50 countries, and their DVD-by-mail business is also alive and well. 5.3 million subscribers still pay for their monthly DVD delivery service.
Netflix’s reinvention shows that innovation doesn’t necessarily mean forsaking the old in favor of the new.
By retaining their DVD-by-mail business while growing their online streaming unit, they have been able to retain a loyal customer base while reaching out to new audiences.
BOSTON DYNAMICS
Boston Dynamics is a world leader in mobile robots, tackling some of the toughest robotics challenges.
We combine the principles of dynamic control and balance with sophisticated mechanical designs, cutting-edge electronics, and next-generation software for high-performance robots equipped with perception, navigation, and intelligence.
Boston Dynamics has an extraordinary and fast-growing technical team of engineers and scientists who seamlessly combine advanced analytical thinking with bold engineering and boots-in-the-mud practicality.
It is famous for making acrobatic, eerily lifelike, and somewhat accident-prone robots.
Now Boston Dynamics is buying technology that could give its creations the brains they need to navigate the real world.
