Identify and better understand technology innovation


Could you please answer the following questions for me

Radio frequency identification (RFID) technology has led to numerous new products (E-ZPass highway toll collection system, ExxonMobil's speedpass). Take a look at the technology and see if you can come up with additional potential uses for the technology. Be sure that you go beyond looking for additional uses for the products already developed.

In order to help identify and better understand technology innovation, identify three recent innovations. Explain how the innovations used knowledge to apply tools, materials, processes, and techniques to come up with new solutions to problems.

In 1975 Saturday Night Live did a parody on razor blades. The commercial came out shortly after the first two-bladed razor was introduced. In the parody, a new Triple Trac Razor - a razor with three blades because the consumer is gullible enough to believe what he sees on TV commercials - was introduced. In reality, the first three-blade razor was introduced in the 1990s. Currently, razors are selling with as many as five blades. Take a look at the industry and try to assess how much of the improvement is true innovation

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