Technology life cycles are following S-curves. These S-curves coalesce and form long waves of economic activity that introduce the cycles of markets and global financial and geopolitical stability. As a MoT executive you will be introduced to this thinking to assist you in making decisions of what existing technologies to nurture and which new emerging, disruptive, wild card or weak signal technologies to develop or acquire. Techno-economic waves stack up to form eras like the knowledge era, the conceptual era, etc., that dictate the main stream technology influences like nanotechnology, biotechnology, manufacturing technology, etc. When these constructively interfere, huge, fast-moving technological waves form that cause “chaos of white water” when the wave breaks. This indicates grand patterns on change with time. Management of technology is now challenged by willingness to apply complexity thinking and balancing chaos with stability.
TechnoScene 