In: Operations Management
What role does new technology play in creating new applications? Cite real world applications.
Technology has evolved so rapidly over a period of time that there has been kind of a technological evolution happening, with the introduction of new applications in the World, every now and then. The primary role of any new technology that comes into existence is that to make the task of a Human easier, cost-saving as well as time-saving and in a manner that, there is invention of something new and innovative that makes Human Being more efficient in maintaining or establishing Human relations or realizing work activities more efficiently.
When relating any new technology to the creation of new applications, it is to be noted that innovation plays an important role. If technology does not support innovation, then it is not a new or emerging one in the market. It is substitutable, if not keeping updated with the latest trends in the economy. For example, the introduction of the instant messengers like Hike, WhatsApp, etc. have helped the people coming closer with more real-time based communication that could be applied for business or leisure purposes. The anti-virus software, web browsers, photo editor, music players, etc. for PC or installation of machinery that makes lesser noise, more production and computer-linked technology, to rely more of artificial intelligence, etc. are few of the examples of the real world application that are created with the use of new technology.