At any given moment it is easy to look back to see how technology has changed over time. At the same time it is difficult to see what transformations are taking place in current moment, and even more difficult to see where things are going.
In the late 19th century a revolution in science took off. It was easy to see the vast number of inventions and entrepreneurial spirit of the time. At the dawn of the 20th century, it seems that everything had been invented. Yet, in the 20th century we saw more innovations and more technologically advanced than in all history of mankind before that. Never in history have we seen such dramatic changes in the way people live and work.
In this lecture we explore what to make of technology. We define the term we will use in the course. Terms defined are technology, product performance, and innovation to name few.