Major Technologies

Steam engine
Railroads
Telegraph
Internal combustion engine
Electricity

Jet engine
Telephone
Television
Medical

Communication satellites
Computer
Microprocessor
Personal computer
Internet

Embedded computing
Wireless
Computer-biology
Robots
Artificial intelligence
Genomics
Nanotechnology

Impact of technology on products and processes

Near zero communication costs over all distances
Computing costs decline by 35% per year

Flexible production
Cost of production and distribution
Customization
Continuous innovation
Shorter product cycles