Topics: Technology, Mobile phone, Information technology Pages: 6 (1689 words) Published: January 15, 2015

In the last few years, technology has advanced rapidly, enabling significant changes in the ways organizations communicate with each other. Today’s generation rely heavily on technology or electronic device. They are more technical minded and demanded for more access to technology compare to the old generations. Emerging technology makes life more convenient and also has various possible impacts on the society.

Based on Wikipedia, technology is a broad concept and has more than one definition. The first definition is the development and use of tools, machines, materials and processes to solve problems. This term can be used either in general or in specific fields: for example the construction of technological knowledge, medical technology, and information technology. The term is often associated with technology and gadgets designed to use scientific principles and processes. However, the design is as old as the tires still show technology. Technology can be most broadly defined as the entities, both material and immaterial, created by the application of mental and physical effort to achieve some value. In this usage, technology refers to tools and machines that may be used to solve real-world problems.

Meanwhile, according to BusinessDictionary.com, emerging technology is a new technology that is currently being developed, or will be developed within the next five to ten years. The new technology will substantially alter the business and social environment; the technology will include information technology, wireless data communications, man-machine communications, on-demand printing, bio-technologies, and advanced robotics.

According to Cervone (2010), the “library” definition of emerging technology simply means “something we haven’t done before”. Strictly speaking, this use is a mistake and could possibly do more harm than good. An emerging technology in one sector is sometimes old news in another; therefore what is called an emerging technology in one library may not really be an emerging technology at all. The problem with using the term “emerging technology” in this incorrect sense is that it possibly makes the person using the term look clueless when talking to people outside the library.

Srinivasan (2008) and Day and Schoemaker (2000), define emerging technologies as science-based innovations with the potential to create a new industry or transform an existing one. Thus, by definition, emerging technologies offer a rich source of technological and market opportunities for some firms and threaten other firms. The large body of insights in innovation research in the marketing literature has been developed, for the most part, without explicit consideration of the distinctive features of emerging technologies.

Smartphone are an example of emerging technology that can be seen use by the society and one of the greatest inventions cellular technologies is iPhone by Apple. It is must have gadget in society now since it provide the functions of different devices, like telephones and cemaras. The iPhone is more than just a gadget. It's a genuine handheld computer, which is use not only for making phone calls, texting, video call but also surfing the internet, phone as a modem and also GPS. The characteristic of technology is to help human solving problems, makes human lives easier, and extends human abilities to do things. It is also the application of science (the combination of the scientific method and material) to meet an objective or solve a problem.

No doubt emerging technology has a drastic impact on society and business. Whether people realize it or not, the way we conduct business and live our lives would be much different if it weren't for the continually changing technology. The latest technological advances are not limited to just business. Emerging technology has affected the way we live in many ways including safety, medical...
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