Dictionaries and scholars have offered a range of definitions. The deals a definition of the term: "making use of science in market, engineering, and so on, to create helpful things or to fix problems" and "a device, tool, method, and so on, that is developed by innovation." Ursula Franklin, in her 1989 "Real World of Innovation" lecture, gave another definition of the concept; it is "practice, the method we do things around here." The term is frequently utilized to suggest a specific field of innovation, or to refer to high technology or simply customer electronics, instead of innovation as a whole.
In this usage, technology refers to tools and machines that may be utilized to fix real-world problems. It is a far-reaching term that may consist of basic tools, such as a crowbar or wooden spoon, or more complex makers, such as a area station or particle accelerator. Tools and devices need not be product; virtual technology, such as computer software application and organization methods, fall under this meaning of technology.
Brian Arthur specifies innovation in a likewise broad way as "a method to satisfy a human function." The word "innovation" can also be utilized to describe a collection of techniques. In this context, it is the existing state of mankind's understanding of how to combine resources to produce wanted items, to fix problems, fulfill requirements, or satisfy wants; it includes technical techniques, abilities, processes, strategies, tools and basic materials.
"State-of-the-art technology" refers to the high innovation available to mankind in any field. Technology can be considered as an activity that forms or changes culture. Furthermore, innovation is the application of mathematics, science, and the arts for the benefit of life as it is known. A modern example is the increase of communication innovation, which has minimized barriers to human interaction and as a result has helped spawn new subcultures; the increase of cyberculture has at its basis the development of the Internet and the computer.
Science, engineering, and innovation The difference in between science, engineering, and innovation is not always clear. Science is organized knowledge of the physical or material world acquired through observation and experimentation. Technologies are not usually specifically products of science, due to the fact that they have to satisfy requirements such as utility, use, and security.