Question

What is the difference between a technological problem and a technological opportunity? Explain with an example.

Answer 1

The need to increase car fuel efficiency is a technological problem that affects all American, European and Japanese car manufacturers. Regulation requires them to increase fuel efficiency but due to technological problems and specially high costs they are struggling to meet the required limits. Different technologies that increase fuel efficiency exist, but are simply too expensive and that is the problem here. How can these technologies become less expensive and widely used?

This led to a technological opportunity that Tesla is trying to accomplish by providing "affordable" electric cars. They are not cheap cars, but they are much cheaper and efficient than before. By developing innovations in electric cars and specially extending the battery ranges, Tesla hopes to become a major car manufacturer in the future.

Answer 2

I will explain this concept using an example for Small Businesses.

The concept of Frustrated Users (Employees) is an example of a technological problem. Interacting with technology is a huge part of the employees’ day. Using slow, outdated systems with frequent problems makes it much more difficult for them to be happy and productive.

How would it impact a business if the company enabled the employees to get just 5 percent more accomplished every day? the answer is simply by keeping the technology up to date. So, the problem exposed above allows the company to find new ways and opportunities to make the job easier.

The company would need to establish a training plan for the employees. Maybe establishing a diploma course that allows them to learn and know better the new technologies.