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Tech rapid jump3/16/2023 ![]() The concept of technological revolution is based on the idea that technological progress is not linear but undulatory. ![]() Joseph Schumpeter described this contradictory nature of technological revolution, creative destruction. For example, innovations, such as the use of coal as an energy source, can have negative environmental impact and cause technological unemployment. The consequences of a technological revolution are not necessarily positive. The capacity to transform profoundly the rest of the economy (and eventually society). The strong interconnectedness and interdependence of the participating systems in their technologies and markets.Ģ. What distinguishes a technological revolution from a random collection of technology systems and justifies conceptualizing it as a revolution are two basic features:ġ. ![]() It can play a role as a trigger of a chain of various and unpredictable changes. A technological revolution significantly changes the material conditions of human existence and can reshape culture. ![]() Some examples of its potential impact are business management, education, social interactions, finance and research methodology it is not limited strictly to technical aspects. It may involve material or ideological changes caused by the introduction of a device or system. IBM Personal Computer XT in 1988-the PC was an invention that dramatically changed not only professional life, but personal life as well.Ī technological revolution generally increases productivity and efficiency. ![]()
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