Technological Implications

8/6/2019 Technological Implications

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PRESENTED BY :

MOHITANEHCHALDEEP K KAIRON(504)

NUPUR


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yTechnology is defined as all skills ,

knowledge, and procedures for

making , using and doing things

which are useful to the society.

yTechnology is systematic

application or other organized

knowledge to practical task.


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1. Technology brings change

2. Technology is self reinforcing

3. Technology affects all4. Division of technology

5. Faster development

6. Technology has become a

product


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7. Positive and negative

implications

8. Wide spread effect

9. Includes both hard and soft

technology10. Complex in nature


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Society is the source, user,

appraiser and also the source of

feedback of technology. Theimpact of technology on society

can be positive as well as

negative.

Positive Impact:

Technology has helped reduce the


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Technology has made it possible

to eradicate many diseases like

T.B, Polio, etc.Information and communication

technology has spread to the far

flung areas of the country also.Technology has made the life of

the people, especially the service

class simpler and fast paced.


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Negative Impact:

Technology poses a major

threat to culture.

Anti social elements make use

of advanced technology against

the society e.g. terrorist attacks,

hacking of computers and

internet frauds.


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Technology has a deep impact on

various economic aspects:

Improved production process ,large

scale manufacturing, automation etc.

have resulted in lowering the per unit

cost of production.

Technological advancement hasresulted in the better quality products.

Now big manufacturing units follow

strict quality control system to


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The boundaries of business have

expanded because of improved

means of transportation andcommunication. Technologically

superior companies are selling

products worldwide e.g.SO

NY,NOKIA, etc.


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The risk of business units has also

increased as existing products are

copied easily and also becomeobsolete very soon.

Technological changes are resisted

by employees as they have to learnnew skills to operate new

technology.


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Increased working hours

Reduced social relations

No gender discriminationChange in pattern of remuneration

Superiority by skill

Modernization of product line and

product mix


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Full capacity utilization

Changes

Survival of the fittestRapid rate of obsolescence


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It is the process by which

commercial technology isdisseminated . This will take theform of a technology transfertransactions, which may or may

not be a legally binding contract ,but which will involve thecommunication by the transferor ofthe relevant knowledge to the

recipient


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1.Training or employment of

technical experts2.Transfer of plant ,

machinery and equipment

3.Licensing agreements4.Franchising


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5. Turnkey contracts

6. Foreign direct investment

7. Subsidiaries8. Joint ventures10. Mergers and aquisaition


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1. To accelerate the growth and

development

2. To increase productivity

3. To improve the quality of

production

4. To increase exports

5. High cost and risk of self

production


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6. Demonstration effect

7. Improves competitiveness

8. To develop wide variety ofproducts

9. Raises standard of living

10. To spread environment friendlytechnology


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1. Lower priority

2. Charges

3. Closing down of local capital goods4. Reduces dependency on human

beings

5. Creation of monopolistic powerTechnological dependence

6. Outflow of source foreign exchange


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7. After sales services

8. Introduced to peoplebelonging to weaker

sections of society

9. Huge payments10. obsolete


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Technological development plays

a major role in the economic andover all progress of the nation.All the countries of the world arecompeting with each other to bethe technological leaders. Thedeveloping countries arespecially making efforts to

develop new technologies at a


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In the 21stcentury there is likely to

be a shift in the economic power

towards the Third Worldcountries.

Government of India has issued

Science and Technology Policy,2003 in light of the emerging

trends. The main aim of this policy

is to attain technological


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To ensure food, nutritional, water,

health, environment and energy

security to every citizen of India

To direct efforts towards

elimination of poverty, hunger and

malnutrition and provision of

livelihood security.

To generate employment by using

scientific and technological


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To ensure balanced growth ofurban and rural areas.To promote the empowerment of

women in all scientific andtechnological activities and ensuretheir full and equal participation.To ensure maximum development with

minimum capital outlay.To develop technologies which are

internationally competitive,particularly those with export potential


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To strengthen the infrastructure

and its quality for the development

of information technology.To encourage research for

forecasting and preventing natural

hazards like floods, cyclones,earthquakes, etc.

To promote scientific research in

universities and other academic,


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To promote international science andtechnology cooperation.

To integrate scientific knowledge with

other disciplines like economics,management, agriculture, etc.To use latest advancements in science

and technology towards improving

national security.To recycle waste materials and makefull utilization of by-products.

To reduce dependence on foreign

inputs by giving incentives to users ofindi enous technolo .


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New funding mechanisms for basicresearch.

Promoting technologydevelopment, transfer anddiffusion.

Promoting innovations.

Industry applications of scientificresearch and development

Use of indigenous resources and

traditional knowledge in the best


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Strengthening of the infrastructure forscience and technology in academicinstitutions.

Taking fiscal measures to promotescience and technology.

Monitoring reviewing implementation

of technology policy for furtherimprovement.

Promoting Human resourcesdevelopment by promoting higher

education and education and training


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Our government is promoting research &

development by providing income tax

relief on research and development

expenditure. In certain industries,government allows 150% deduction of

research and development expenditure.

Government has exempted custom dutyon articles, machinery imported for

research and development activities.

Government has also opened technology

arks in which various concessions are


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Technological Implications