FMG - FutureManagementGroup AG

Technological Future Factors

What will be possible and what not?

Technology is the practical application of knowledge in the shape of hardware (machines, products etc.) and software (processes, methods etc.) to extend human capabilities to achieve objectives. Technological future factors describe tools, instruments and methods with which people can achieve their goals in a better or easier way. According to our definition, this includes basic technologies such as lasers or nanotechnology, as well as technical-procedural methods such as e-learning. In principle, it is irrelevant whether the technology concerned is new or has already existed for some time. What in the past was the plough, the printing press, gunpowder, electricity, the railways or mechanical clocks, is now factors such as increasing computer processing capacity, nuclear power, the Internet, artificial intelligence, regenerative energies or biotechnologies such as prenatal diagnostics. They, and many other technological future factors, change people's lives.