October 21, 2020

TECHNOLOGICAL ADVANCEMENT : A MYRIAD OF POSSIBILITIES OR A MIRAGE OF ILLUSIONS?-Desire-Granted Promise

Ever imagined technology at its peak? Technology according to Wikipedia is the sum of techniques, skills, methods and processes used in…. accomplishment of objectives such as scientific investigation. The list of new technologies grow everyday. Artificial intelligence, robots or robotic machines and a host of other technologies help people with different tasks. Technology is becoming more sophisticated and this is affecting our lives in a way we just can’t overlook.

Robots are the emerging technology. In 2013, there were about 1.3 million robots in use. In 2014, this rose to about 1.4 million and was projected to hit 1.9 million in 2017. We can conveniently say robots now represent a viable alternative to labour. Artificial intelligence which allows machines to give traditional human responses are improved daily. With a lot of research going on, there is a wide range of speculated innovations in view. We are enjoying technology and yes, we can begin to imagine how far it would go – the myriad of possibilities.

According to Laura Drechsler (an Experian™️ author), the future is, factually speaking, uncertain. But why so? Afterall, the International Telecommunication Union (ITU) announced that approximately 50% of the world use the internet leading to 3.5 billion daily searches and 750 websites launched every minute – that is mind blowing! But, the more we look, the less we see. There are certain undermining factors that seem to make this foreseen growth a mirage of illusions. This implies that due to certain barriers, explosive landmarks in technology might only remain a daydream.

There are five major hindrances to technological advancement in this modern world – the R&D overspecialization, operations overspecialization, shortage or waste of resources, restrictive regulations and market-access barrier. To overcome R&D overspecialization, skunk works which involve giving a team maximum creative capacity for a new project devoid of binding laws or policies must be put in place. This is because R&D overspecialization involves over-concentration or devotion to a particular technological process or production limiting diversification, innovation and creativity. Operations overspecialization which involves fixed routine of resource acquisition, production and personnel development can be fixed by creating new routines or modifying existing ones. The process of doing this facilitates innovation. Obtaining licensing agreement, consortia and venture capital is highly essential to generate resources because no matter how beautiful the ideas we have, they can never see the daylight without sufficient resources. Government regulations has to be modified to ease restrictions and consumer perspective must be identified through research.

Technology will keep advancing till it reaches the point of singularity beyond which it is impossible to predict what will happen. Would you like to see technology at its peak? It will be a beautiful world. Tim Berners-Lee, inventor of World Wide Web said “The web as I envisaged it, we have not seen it yet. The future is still so much bigger than the past.” This implies that yes, there’s a whole lot of advancements still to occur in technology. Sit back, relax and let our world unfold.

 

-Desire-Granted Promise

(Desire’s Digital World)

 

Reference Articles

*Technological Progress and Potential Future Risks – Darrel M. West

*Hurdling the Barriers to Technological Innovation – Jagdish Sheth

*The Future of Technology and Innovation – Laura Drechsler