If you want to survive in this cutthroat competition in the market, you should stay updated. STEMcation, as the event is called, included a spectrum of technology and applications from real-time monitoring of human sweat, to remote control of robots large and small, to cloud-based industrial analysis of house-sized equipment on the other side of the globe.
The notion of appropriate technology was developed in the 20th century by thinkers such as E. F. Schumacher and Jacques Ellul to describe situations where it was not desirable to use very new technologies or those that required access to some centralized infrastructure or parts or skills imported from elsewhere.
Some of the most poignant criticisms of technology are found in what are now considered to be dystopian literary classics such as Aldous Huxley ‘s Brave New World , Anthony Burgess ‘s A Clockwork Orange , and George Orwell ‘s Nineteen Eighty-Four In Goethe’s Faust , Faust selling his soul to the devil in return for power over the physical world is also often interpreted as a metaphor for the adoption of industrial technology.
Examples of high-end gadgets include tablet PCs with rugged design for field work in harsh environments, electronic medical equipment, complex car systems with GPS, Bluetooth calls, voice commands and visual/audible traffic rerouting, as well as mobile entertainment devices like those Chinese sun glasses with built-in video playback functionality, which allows you to watch recorded shows or video clips while flying in a plane.
Project Socrates concluded that technology exploitation is the foundation of all competitive advantage and that declining US competitiveness was from decision-making in the private and public sectors switching from technology exploitation (technology-based planning) to money exploitation (economic-based planning) at the end of World War II.