High technology (high tech) or frontier technology (frontier tech) is technology that is at the cutting edge: the most advanced technology available. It can be defined as either the most complex or the newest technology on the market.
A widely used classification of high-technological manufacturing industries is provided by the OECD. It is based on the intensity of research and development activities used in these industries within OECD countries, resulting in four distinct categories.
Startups working on high technologies (or developing new high technologies) are sometimes referred to as deep tech; the term may also refer to disruptive technologies based on scientific discoveries in several branches.
The global High-Tech market is dynamic and often seasonal. Complex supplier relationships require components to be sourced from multiple suppliers that may be subject to industry-wide shortage or regulations. There is the need for advance notification of lifecycle events, product customization and third-party integration.
Complex networks of sales & marketing systems include channel partners, dealers, VAR's and Alliances, which all have a window into the end customer and product volumes of data that, when made usable, can provide a competitive edge for both consumer electronics companies and OEMs.
Hi-tech industry is driven by top notch technology and advance solutions. The industry is ruled by smart players that innovate and move with the market and technology trends.
In short, technology is the only thing that can keep any business afloat now, in the fierce market competition. It allows you to capture new business opportunities, tap diverse niches and elevate a user experience. It also helps you fight your challenges, but above all it is important to get the strategy to implement technology solutions that supports your business and its vision.
Technology allows businesses to speed up production processes. You can analyze how your staff are spending their time and introduce processes to make your systems more efficient. Task management tools allow you to stay on top of daily responsibilities, so you do not miss anything.
High tech industry is the latest generation of manufacturing industries, which deliver products that are valued the world over.
Some of the important characteristics of ‘high tech industry’ in the world are:
Mechanization: Use of gadgets and automation which accomplish tasks without the aid of human thinking during the manufacturing process.
Technological Innovation: Research and development strategy are an important aspect of hi-tech for quality control, eliminating waste and inefficiency, and combating pollution.
Superior Stratification: Modern manufacturing is characteristics by complex machine technology, vast capital and extreme specialization and division of labor for producing more goods with less effort, and low costs.
These industries are characterized by neatly spaced, low, modern, dispersed, office-plant-lab buildings rather than massive assembly structures, factories and storage areas that mark the high-tech industrial landscape.
It is distinguishable from other kinds of industries from its application of intensive research and development efforts, leading to the manufacturing of products of an advanced scientific and engineering character.
Robotics on the assembly line, computer-aided design (CAD) and manufacturing, electronic controls of smelting and refining processes, and the constant development of new products are notable features of high-tech industry.
Such high-tech industries of the world tend to locate in planned business parks that are regionally concentrated, self-sustained and highly specialized known as technopoles.