Business Technology

Limiting Factors in Technology

By May 4, 2012 No Comments

Remember enjoying sci-fi movies as a child and thinking we would have jetpacks sooner or later? Or teleporters? We don’t have these technologies yet but we do have lots of remarkable technologies that seem straight out of a science fiction movie. Our cars can guide us around a city, via GPS. We can carry tablet computers around with us that hold all of our data. And we can get in touch with associates around the globe at the push of a button.

So, with all of this technology, why don’t we have jet packs yet? What variables are preventing us from making these technological leaps?

Building a Better Battery

As we move into a more mobile world, batteries grow in significance. They are a building block of our technological world nowadays. Therefore, if we are limited by their power, and capability to hold a charge, the technology that utilizes them is also limited. For instance, you wouldn’t want your jet pack to loose its charge in flight. Recently, researchers at Chicago’s Northwestern University found a way to make a much more powerful lithium-ion battery than the ones we have today. We explored this more thoroughly in a blog post last week. When these batteries eventually enter the market, we will likely see a increase in technological advancements.

Improving Internet Access

Another hurdle to overcome is that not enough people have access to the Internet. In fact, most of the globe doesn’t have access to it. This is naturally restricting developments in technology. It goes back to the essential notion of the more minds we have working on a problem, the faster we’ll solve it.

The Business of New Tech

Finally, there’s the business end of things. Technological progress is slowed by arcane things such as patent law. Businesses take their time introducing new gadgets and services as they must first traverse a minefield of laws and government regulations. These laws are essential. However, they should be clear and easy to grasp so new technology isn’t bottled up needlessly.

The good news is that none of these limitations can truly stop technology from improving. Just think ahead to the holiday season of 2020. Who knows what innovations will be waiting for us.

Joe Markert

Author Joe Markert

More posts by Joe Markert

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