Technological Innovations to Change third decade of 21 century - Report

Added on - 22 Jul 2020

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What technologicalinnovations promise tochange the third decade ofthe 21 century
Table of ContentsINTRODUCTION...........................................................................................................................1Research Aim.............................................................................................................................1Research Objectives....................................................................................................................2Hypothesis...................................................................................................................................2Conceptual and Theoretical basis of the work............................................................................2Research design...........................................................................................................................4Results.........................................................................................................................................4Results discussion.......................................................................................................................5CONCLUSION...............................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONDuring the past few years there are many changes which can be seen in technology.Advancement in the innovations can be seen under auto-mobiles, energy sources and telephones.The era has brought many emerging changes and has affected the lives of many humankind(Norman and Verganti, 2014). Technological innovation in the second century has made thelifestyle of humans more comfortable and easy. Innovation development and technology hasmany changes which can be understood through their success level in their build-up andfunctioning.Innovation process is the rate of flow of information and technology at differentfunctional areas. As it is mostly based on the new ideas so there are greater chances of gettingsuccess. However, there are probabilities that innovation may hamper on the environment due tosystem failure or problems. There are many framework and literature about technologicalinnovation are explained. This report is based on the various conceptual and theoretical basiswhich are related to the topic. Further, changes in the particular areas are discussed. The reportwill mainly focus on the changes which will take place in different areas of the technology.Further, advantages and disadvantages of innovative technology is shown. After that, discussionabout changes which might take place in third generation are evaluated and at last, various waysare recommended which will help to reduce negative impact of the technology impact on thesociety and environment.Technological innovation is considered as main part for any organisation. Advancementis required as now there are very limited resources and this has been key to success of manypeople. The rate at technology innovation is growing in exponential. As stated by the Intelfounder, Gordon Moore (1965), that technological advancement will be in every 2 years, the sizeof the device and power consumption will reduce while the rate of integration will increase. Nowa days, nanotechnology and carbon and silicon compounds are helping to develop devices whichare more effective and efficient (West and Bogers, 2014). Moreover, quantum physics and bio-technological changes are also making great changes in the environment. If such processcontinues than the future after the 2030 will surely different. Major discussion about theadvancement in the technologies and various sectors where they will be implemented are shownin the report.1
Research Aim"To analyse the technological innovations that promise to change the third decade of the 21century".For the following research, main aim is to identify new technological innovations whichwill help mankind and bring advancement as well as potential changes. These will support inidentifying and analysing the factors which can bring transformation in that era.Research ObjectivesTo identify changes that have been taking place in different fields through technologicalinnovation.To understand advantages and disadvantages of technological innovation on the mankind.To access the changes that will take place in the third decade of 21st century throughtechnological innovation.To recommend ways to reduce the negative impact of technological innovation forenvironment.HypothesisH0: There will be no significant mean difference in rate of change observed currently ininnovation that take place up to third decade of the 21 centuries.H1: There will be significant mean difference between rate of change that is currently observedin innovation that will take place up to third decade of the 21 century.Conceptual and Theoretical basis of the workVarious theories are discussed that have been used earlier and in recent years. Moreover,the usefulness of technological innovation at various fields are discussed. In today's era there aremany technological innovations which can be seen in various fields. There are various sourcesthrough which innovation technologies can be overviewed (Breznitz and Etzkowitz, 2016).Innovation in the third decade will based on the technological level of the present time.Moreover, its advantages and disadvantages can be overviewed by how mankind are using this.Further, ill impact of it on environment is also based on its utilization and purpose ofdevelopment. For understanding the concept more clearly, General Diffusion Theory isexplained. It is based on the areas where development rate and its percentage can be determined.Further, how and which way it will spread in the environment. There are various factors whichare affecting the innovation and the technological up-gradation. This can be due to standard2
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