What Is Tech and How Does It Affect Organizations?
Technological change is a term generally used to refer to the cumulative effect of all recent technological innovations on the technological systems, practices, and procedures of an organization. Technological change occurs when new and different technologies are applied to the same system or field. Technological change is also commonly referred to as “innovation.” Technological change is a process of development towards a particular end – usually the achievement of a new or different standard of performance in a given area or arena. Technological change can be a result of cultural evolution, economic growth, and even purely abstract factors.
Technological change occurs everywhere and to everyone. Technology has affected nearly every aspect of our lives from how we work to the types of cars we drive to the types of clothing we wear. Technology is the totality of any human activities, practices, and systems, including scientific research and other such activities, that are used to achieve goals, such as scientific discovery or the achievement of technological goals like electricity in our homes. This broader definition of “tech” includes any and all innovations that improve on existing practices or systems, as well as the knowledge and skills we gain from them.
The term “tech” itself is widely used throughout business and society. But tech in organizations is particularly relevant because organizations depend more on technology than they do any other source for helping to maintain their competitiveness and communicate with customers. Tech in organizations therefore refers to the overall impact of technology, as reflected in its impact on business and society more generally. An organization’s ability to adapt to and leverage tech-related developments can have a profound effect on its competitiveness and ability to survive and thrive.