Contents
Overview
Technological change refers to the overall process of invention, innovation, and diffusion of technology or processes, driving innovation and disruption across a range of industries. The concept has a profound impact on industry and society, leading to disruption and convergence. With a Wikidata ID of Q762702, technological change is a subclass of change and progress, and is a key component of general economics, technology, innovation, and scientific progress.
Origins & History
The concept of technological change has its roots in the work of Adam Smith.
How It Works
The diffusion of innovations is a complex process that involves the interaction of multiple factors, including the characteristics of the innovation itself, the communication channels used to promote it, and the social and cultural context in which it is introduced.
Key Facts & Numbers
The rise of social media and the Internet of Things is changing the way we communicate and interact with each other.
Key People & Organizations
The concept of digital transformation refers to the process of using digital technologies to transform and improve business processes and models.
Key Facts
- Year
- 2023
- Origin
- Global
- Category
- technology
- Type
- concept
Frequently Asked Questions
What is technological change?
Technological change refers to the overall process of invention, innovation, and diffusion of technology or processes, driving innovation and disruption across a range of industries.