Fueling India’s technological propulsion…

TECHNOLOGY LIFE CYCLE AND TECHNOLOGICAL GROWTH IN INDIA.

By: Tushar Bhardwaj, Sahil Deswal, Ipsi Sharma, Anisha Dahiya

Today’s Itenary

What is Technology ?What is Technology life cycle ?Analysis of TLC.Growth of Technology.Factors Affecting TLC.Technology adoption life cycle.Technology growth in India.Driving factors.

TechnologySystematic application of skills.Use of knowledge to solve problems.Technical means to improve surroundings.

Characteristics of TechnologyApplication of Knowledge .Not restricted.Complex in nature.Magnitude varies.

Technology life cycle (Manufacturing)

Research and Development.

Ascent.

Maturity.

Decline.

Graphical representation of TLC (simple)

Technological Stages / Phases

Technology Development

Technology Application

Application Launch

Application Growth

Technological Maturity

Degraded Technology

Technology life cycle for other processes

Bleeding Edge

Leading Edge

State of the art

Dated

Obsolete

Graphical depiction of TLC

COUNTRIES AT THE FOREFRONT OF TECHNOLOGYRank Country/ Economy Score

1 Denmark 5.71

2 Sweden 5.66

3 Singapore 5.60

4 Finland 5.59

5 Switzerland 5.58

6 Netherlands 5.54

7 United States 5.54

8 Iceland 5.50

9 United Kingdom 5.45

10 Norway 5.42

11 Canada 5.35

12 Hong Kong 5.35

13 Taiwan 5.28

14 Japan 5.27

15 Australia 5.24

16 Germany 5.22

17 Austria 5.17

18 Israel 5.14

19 South Korea 5.14

20 Estonia 5.02

Factors affecting TLC

Requirement of technologyType of ProductType of MarketType of CustomersAverage return periodComplexity of technologyCosts involved in developmentEconomic conditionsPolitical Environment

Technology Adoption life cycle.

Technology Adoption explained…

Level 1

•Innovators.

Level 2

•Early Adopters

Level 3

•Early Majority.

Level 4

•Late Majority.

Level 5

•Laggards.

Technology Development in India

Major Reforms in field of Education.Several IIT’s and IIM’s has been established.India along with China, Iran and Brazil contributes

97.5% of world’s total scientific productivity.Investment worth $3.7 Billion invested in R&D in

2002-03.Indian IT sector is the 2nd most preferred place for

outsourcing after US.IT sector contributes 5.19% to GDP.Expected to grow 4%-7% this fiscal and $ 225

billion by 2020.

Catalysts of Technology Growth in India

Increased Global Trade.Population Growth.Surge in the income of people.Security needs on defense frontiers.For gaining global clout.Participation in major decision making.Collateral growth in several other fields.Fierce competition from foreign

counterparts.

The Next BIG Thing!

WirelessNanotechnologyRFID (Radio

Frequency Identification)

Bio-TechnologyOthers

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