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Generally, all products will become part virtual, part physical. They will be connected, reconfigurable and — hopefully — smart. Also, Essay innovation technology business model for their manufacturers will be dramatically different. As we moved forward through history and as technology evolved, our products and devices got more complex.
The supply chain and the number of people and skills involved in production kept growing — as did the number of supporting factors that needed to be in place for the device to work.
An eraser and a sharpener are useful additions, but most of the time, the pencil works well on its own. In contrast, an electronic tablet is a very different device. It will not work fully without electricity, software, and an Internet connection.
Not only can you write words with, you can record and edit video, and you can send it instantly to someone else — or to everyone. Increasingly complex supply chain Value creation will happen in collaboration.
Even producing a simple pencil requires a complex supply chain of wood, graphite, paint and glue — but that is nothing compared to the number of players involved in delivering the functionality of a tablet.
Try to think through how many companies are feeding in to the process — and which consequently need to be coordinated and must adhere to the same standards and conditions in order to cooperate… The network easily extends to thousands of companies and millions of people.
The future production of value will take place in increasingly complex networks coordinating large numbers of contributors. Closer collaboration is a pre-condition. No one can produce this type of utility alone.
Hardware and software allows reconfiguration You can get red, blue, green, hard or soft pencils — and you can get a certain variety of tablets. But tablets are a different species of device, because it can be completely reconfigured and customized depending on what software is installed.
The value of the tablet comes from the combination of hardware and software. The physical object can be standardized, we may all be using more or less the same phone or tablet — but my tablet is likely to be set up quite differently than yours.
Instead profits will shift towards software and services that run on top of devices. Connected to the network Embedding computing power is hardly news.
What happens next significantly changes the game again: When all of those chips connect to the Internet of Things. They will be in touch with everything else; coordinating, exchanging data, adjusting, learning. An increasing part of the value that the product of the future offers, compared with conventional devices, will come from the connectivity.
This is where growth will happen. Smart, contextualized solutions The product of the future is not a stand-alone device. Such solutions will be based on the vast and detailed streams of data that our sensing and communicating objects will create. And again, this points to the basic condition; that value creation will happen in collaboration.
What the product offers will depend on the many services, processes and data, which are layered on top of the physical object — virtual superstructure.
Crucially, the manufacturer of the physical device will not make many of these services. Applications, tutorials, and user forums, support services — these can be created by third parties and users themselves. Nevertheless, they contribute to the value and competitiveness of the device.
Objects will be individually identified. They will have an address, an increasingly detailed profile, and an Internet presence that others can interact with.
In a sense, each object will have virtual doppelganger, consisting of all the data associated with it. And yes, this includes toothbrushes, doorknobs… anything, basically. Instances, created for the moment How objects are created may be very different, too.
Although, most of our physical objects will still be mass-produced and probably more standardized across the globe, many products or parts of products will be made specifically for the user.Disruptive innovation as a theory of change is meant to serve both as a chronicle of the past (this has happened) and as a model for the future (it will keep happening).
An analysis of the history of technology shows that technological change is exponential, contrary to the common-sense intuitive linear view. So we won't experience years of progress in the 21st century -- it will be more like 20, years of progress (at today's rate).
The returns, such as chip speed and cost-effectiveness, also increase exponentially.
Technology in the radio industry of the 21st century essay Progress, which nowadays is evaluated through technology. As the technology develops every company tries to catch up and be on top of the technological progress.
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Essays on Innovation and Technology Commercialization By Yu Jin Kim A dissertation submitted in partial satisfaction of the requirements for the degree of.