1. By:
Saumya Verma

2.  The concept of life cycle is also applicable to
technology.
 A basic life cycle consists of stages like: Birth,
Growth, Maturity and Decline.
 Technology Lifecycle describes the commercial gain
of a product through the expense of research and
development phase, and the financial return during its
vital life.

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4.  Technology Development
 Technology Application
 Technology Commercialization
 Growth
 Maturity
 Decline

5.  Involves creation of Basic Technology.
 Includes Research and Development cost.
 Requires a lot of funds.
 Creates a base for further development.

6. 
TECHNOLOGY + APPLICATION
Here, various possible applications are explored and
planned.
 It also includes R&D cost.

7. 
TECHNOLGY + APPLICATION +
LAUNCH
Products and services based on the applications are
launched in market.
 Involves higher advertisement cost.
 There is presence of higher competition in market.

8. 
GROWTH
Emphasis is laid on Standardization, Efficiency and
Economies of Scale.
 There is a rise in Sales and profits.
 It includes high advertisement and promotion cost.

9.  Here, technology reaches its highest point from
which it cannot grow further.
 The sales and profits reduce as well.
 There is lack of innovation.
POINT OF
MATURITY

10.  It signifies the dying stage of the product or
technology
This stage sees minimum sales and profits and the
market share is least.
 There is a need to innovate and re-promote to
survive in market.

12.  There is a rise in service sector due to technology.
Telecommunication sector is more organized.
 Communication system has improved.
The IT has taken Indian economy to a next level.

13. Technology Development in India
 Several IIT’s and IIM’s have been established.
 India alongwith China, Iran, and Brazil contributes
97.5% of world’s total scientific productivity.
 Huge amount of investment is incurred in R&D since
2002.

14. Some Vital Facts
 Indian IT sector is the 2nd most preferred place for outsourcing
after US.
 IT sector contributes 5.19% to GDP.
 Expected to grow $225 billion by 2020.
 In 2008, the country’s software product revenues totalled $1.64
billion.
 It is expected that this will grow to $11 billion per year by 2015.

15.  Overall scenario of Indian education system is
changing rapidly.
 Education has spread rapidly throughout the
country due to INTERNET.
 The more people get educated, the better human
resource is developed in the country.

16.  Online Distant Education
 Online Lectures and Workshops
 Digital classrooms
 The students are getting smarter through effective
learning.

17. SMARTER EDUCATION
Results in
SMARTER STUDENTS
Results in
SMARTER HUMAN RESOURCE

18. Future of Technology
 Artificial Intelligence
 Nanotechnology
 RFID (Radio Frequency Identification)
 Bio-Technology

19.  Technology will play a crucial role in India’s Growth.
 Technology has a greater scope in business in future.
 Right kind of strategy can enhance the benefits of
technology.
 One should know how to use the technology in right
manner to grow.