TECHNOLOGY INNOVATION

AS A CONVERSION PROCESS
By
G V Nagendra Kumar
nagendrakumar45@gmail.com
What is Technology?
 About Technology
• Technology is a broad term that refers both to artifacts created by humans,
such as machines, and the methods used to create those artifacts. More
broadly, technology can be used to refer to a way of doing something or a
means of organization: for instance, democracy might be considered a
social technology. Technology comes from the Greek technologia, which
is a combination of “techne”, meaning “craft”, and logia, meaning
“saying”. So technology might be considered the articulation of a craft.
The word is also used to describe the extent to which a society can
manipulate its environment.
 Technology
Group Of People
What is Innovation?
About Innovation?
What is Technology Innovation?
About Technology Innovation
What is Conversion Process
 About Conversion Process
• 1. The act or process of converting; state of being converted.
• 2. Change in character, form, or function.
• 3. Change from one religion, political belief, viewpoint, etc.,
to another.
• 4. A change of attitude, emotion, or viewpoint from one of
indifference, disbelief, or antagonism to one of acceptance,
faith, or enthusiastic support, esp. such a change in a person's
religion.
• 5. A physical transformation from one material or state to
another: conversion of coal, water, and air into nylon.
 Converted Goods
Iron
What is Technology Innovation
as a Conversion Process
Diagram is n
s
A
Re nal t he atio
n r
du ysi Sy teg
cti s In
on g ure
Sc erin act
ien ine n uf ce
ce n g a an
E M en
gn nt
i
s a i
e
D M

Discovery of New
Knowledge & Innovation Wealth Creation
Sustainable Development Economic Context
Basic Laws

n t ext
o Capital Formation &
ic yC
Pol Investment

Societal Needs The

Public Good
Natural Capital Devices Process
Ideas Information
Systems
1980’s Computer 2010’s era Computer
Any Queries ?