Saturday 29 October 2011

Session 10: Tomorrow belongs to the people who prepare for it today

For our very last teaching session of this course, we looked at the evaluation of new technologies and discussed the different methods to do so.

Technology Assessment and Forecasting
After having gone through numerous sessions discussing the various types of technology that exists in our world today, this week we got the chance to understand how new technologies are being assessed. Companies like Siemens have been known to be very forward looking in terms of the technologies that they use. In a video that was showed to the class, Siemens identified that the demand for quality healthcare and security is increasing, and that natural resources are becoming scarcer and scarcer. Accordingly, the technological methods that they come up generally are geared towards these direction. As a result, they are able to capture the consumer market successfully because they meet the demands of their consumers.

It is only expected of us to look ahead of current technologies, in order to move ahead and make progress in the world. There is no use for us to dwell in the past and present because new knowledge is not generated in this way. For emerging technologies to succeed, proper technology assessment and forecasting has to be done. This process involves gaining an understanding of the kind of changes a new technology will bring about and assessing its pros and cons. Proper prioritizing also has to be done because researchers often work with limited resources. More often than not, companies and researchers are taking a risks when introducing new technologies because reception from the public is unknown.

Lesson Rating: 7/10

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