New Technologies Management

Technology is largely beneficial to humanity in nearly all aspects. However, the universality of the third law of Newtonian Physics (i.e., every action has a corresponding reaction) remains true and applicable even in technology. Therefore, any advancement in technology naturally poses an equal amount of risk. Management of new technologies is thus emerging as a new field in management sciences.

The Internet is one such technology still suffering from a huge amount of risk. Given as much as many things that a computer can process now becoming available to any household hooked to it, an equal amount of threat comes along - like viruses and malwares that steal security PINs for credit cards or password to an account, spy on your private data, and many more.

Businesses relying too much on computer-based and networking technologies are helplessly coping with the new technologies coming out so frequently. Have you experienced having bought new computer hardware last week and a new upgraded version was released this week? This example shows how rapid technology upsurge becomes risky to an investor.

When will Intel and AMD end the microprocessor race? When will they stop to wait until the severe gap between hardware capability and software availability are patched up? The two microprocessor giants have brought us lately the quad-core processing technology using 64-bit data processing platform.

Every gaming enthusiast has been salivating to play CounterStrike or Warcraft multiple-role-playing network games running at the speed and efficiency expected only in a quad-core, 64-bit platform. But until now, there is no such gaming software that exists. Furthermore, Microsoft Windows remained glued to the 32-bit platform after failing miserably to rally expectant users to the 64-bit version of Windows Vista. The reason given is -- hardware drivers are still encoded in 32-bit format, and as such, the 64-bit edition of Windows will not be able to run hardware peripherals because of the absence of compatible drivers.

What is disgusting among computer hardware manufacturers is their propensity to discontinue an existing model so quickly. Computers have become as disposable as a child's diaper because when, say an SDRAM memory chip becomes defective, you can no longer find a fresh replacement. The only resort left is to buy unreliable used parts.

Investors would have to need appropriate technical advice before putting in huge amount of money in technology driven outlays, such as procurement of computer hardware. Choosing the right communication media of accessing the Internet is also critical. Standards are diverse in terms of wireless data transmission. Beware of deciding to stick it out with 3G and GPRS because newer versions of long ranged Wi-Fi are being developed in the labs.

Managing technology is achieved by matching your business needs with available solutions. At the same time, there is a need for a good foresight and research to ensure the seamless upgrade and compatibility of your chosen option into present technologies being developed.

Advancement in high technology, such as biotechnology and nanotechnology, has intimidated traditional investors more than having them impressed. Technology today has the propensity to make advancement without considering what is practically needed. It is just making art for art's sake.

The consequences of management failure in addressing technology concerns are huge, not only to the company but to the whole of humanity itself. Biotechnology is prone to such dangers. Failure to regulate and evaluate what biotechnology firms are up into when experimenting on live viruses and other craps would end up the way we see disasters of same sort in movie scenes. Also, at the rate the world is disposing outmoded computer hardware and consumer electronic devices there will be a need to establish a junkyard as huge as the continent of Australia in the next century.

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