Technological change refers to any change in the productive technology system that has changed the basic functioning of society as a whole. Technological change is the result of the adaptation of new information technology to solve a problem or make it easier to do so. Technological change refers to the changing of the production and the design of products or services. Technological change may be gradual or it may be rapid and abrupt. Technological change may be caused by an improvement in the existing production and design of products or it may result from the introduction of new products or services.
Technological change refers to any change in the productive technology system which has changed the basic functioning of the society. Technological change is not only a physical change in physical structures or objects but also includes the change in information technology trends or the use of new information technology. Technological change may be sudden or maybe gradual and abrupt. Technological change refers to the changing of the production and the design of products or services.
The term “technological” was first used by English philosopher Henry Sidgwick, who suggested that all change was the result of new knowledge, whereas the term “technical” was used by the sociologist Arnold Kling, who suggested that technical changes are necessary to increase the productivity of the population and make it more efficient. The sociologist Max Weber distinguished between technical and intellectual progress. Weber called technical knowledge “goods”, whereas intellectual knowledge is the result of the study of the good things in life.
Technological change may be sudden and rapid:
Technological change may be sudden and rapid or it may be gradual and abrupt. A sudden change may have a negative impact on the economy and society. The impact of a sudden change can be on the employment structure and the distribution of income. In addition, a sudden change may have a negative effect on the quality of the products and services offered. There is also the risk of the new technology being misused, which may make it hard to control the misuse. A gradual change may not cause a lot of negative impacts and in fact, may even be helpful for society. If the change is slow and gradual, the economy and society may actually profit because of the technology.
Some companies have also been using new tech to produce goods and services which are more efficient and cheaper than those offered by their competitors. The new technologies, which were introduced may have been in effect, the replacement for the old ones. This new technology may also lead to the development of new products or services, which may increase efficiency and decrease costs.
Technological change can be either a positive change in technology or a negative change in technology. Technological change can have negative or positive consequences for society if the new technology does not meet the needs and demands of society and if the new technology can be misused.