Rapid advancement in technology drives innovation in software

Name

Advancement in Technology

What

Advancements in technology affect innovation in the creation of software including but not limited to the following: techniques, models, ease, need of professionals, future service and speed of development.

Enablers

Government policies Government policies affect advancements in technology due to their regulatory nature in terms of intellectual property (IP), tax policies, research arrangements with other countries and funding. For example, the government can fund research projects that would lead to advancements in technology. The government can also implement favorable tax policies that would encourage growth in research. The government can also implement trade policies that would encourage idea sharing between researchers in different countries, thereby increasing advancements. Tighter IP laws can also promote advancements in technology because they will help secure profits to recover investment in research.

Industry The technology industry affects advancements in technology in terms of standards, industry leaders, competitiveness, and profitability. The industry leaders have the ability to attract top employees and fund research. Increases in the profitability of the industry as a whole will fuel advancement in technology. Increased competition in the industry will force firms to become innovative to survive.

Economic forces The global and national economies affect advancements in technology in terms of the ability to fund future research and education. Increased growth in economies will allow further funding for research. Customer’s Perspectives The customer’s perspective can affect advancements in technology in terms of willingness to try new technologies, needs and desires for new technology and ability to pay for products that use new technology. If customers demand innovation, the demand will fuel advancements in technology.

Inhibitors

The inhibitors are all of the enablers. As enablers can strengthen the advancements in technology, the opposite effect can weaken advancements in technology.

Government policies Government policies affect advancements in technology due to their regulatory nature in terms of intellectual property, tax policies, research arrangements with other countries and funding. For example, the government can stop funding research and implement tax policies that would inhibit research. The government can also reduce IP protection, thereby lowering the incentive for firms to innovate.

Industry The technology industry affects advancements in technology in terms of standards, industry leaders, competitiveness, and profitability. Low competition may promote firm laziness, thus inhibiting research. Standardization may also inhibit advancements in technology because of switching costs.

Economic forces The global and national economies affect advancements in technology in terms of the ability to fund future research and education. Economic slow-down would reduce funding in R&D.

Customer’s Perspectives The customer’s perspective can affect advancements in technology in terms of willingness to try new technologies, needs and desires for new technology and ability to pay for products that use new technology. If customers are locked into a certain type of technology, they will not want to pay for the switching costs.

Paradigms

Advancements in technology force society to accept the technology. The rapid speed of advancements in technology also make people believe that advancements are inevitable and therefore should drive down prices of older technologies.

Experts

University and government researchers, technology firms.

Timing

Advancements in technology are continuous.

Web resources

http://library.thinkquest.org/26556/Tech4main.html http://www.aqmd.gov/tao/About/index.html