An overview of the effects of innovation in technology

If you wish to learn more about innovation in the tech marketplace, then read on.

Practically every industry has cases of technology and this article will show 3 instances of this. In the telecoms sector there have been numerous developments since the earliest phone was made. Potentially the biggest innovative idea that was designed in phones was the creation of the mobile phone. By enabling consumers access a compact phone, they immediately double the amount of phones individuals, or households at least, own and utilize. By increasing the number of items available, it of course increases revenues received. This example of innovation has allowed the likes of the Telecom Italia top shareholders, to maximise their returns because of the growth in revenue. Markets in which there is loads of room for invention will get the most funding, as innovation is one of the quickest steps to improve market value. This is part of the reason why the technology industry has expanded so quickly and so widely.

The progress in things like wireless tech have also allowed the progress of computer technology. Without the invention of wireless internet, the function of laptops would be very restricted. As there has been such great innovation in this industry however, it suggests other businesses can feed off that and further innovate themselves. Laptops have ended up being way more popular for personal use, and this has been possible as a result of the innovations in the communications field. It is also true however that; had laptops or phones not been created, then less people would require Wi-Fi, so the need for invention in separate, yet complimentary sectors, is clear. Without the progress made by computer and telephone companies, then there may not have been the emergence of many network suppliers. Virgin Media shareholders, for example, have benefited from the wide usage of laptops and mobile phones in both houses and businesses.

Advancements in the internet and internet services have been regular since it became widely available in the 80’s and 90’s. A wonderful example of innovation in technology was the creation of wireless connections. Wireless connections are much easier to use than the dial up connectivity that were needed in the 90’s. For internet suppliers to succeed they have needed to adapt to the introduction of wireless internet, and to do this they have had to supply matching if not improved services than their competitors. The nature of this sector suggests that the supplier with the top rated service will normally be successful and get the most consumers, there is very little physical items provided, so service must be their main concern. It is impressive how the BT owners have kept the firm at the front of telecom supply and internet services, and the majority of that is down to innovating and adapting to the changing market place.

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