Sentence examples for a general purpose technology from inspiring English sources

IT has had a broad-based and pervasive effect through its role as a general purpose technology (GPT) that fosters complementary innovations, such as business reorganization.

But IT is what economists call a "general purpose technology", which means that it can be applied and used to boost productivity across many sectors.

The first thing to understand about ICT is that it is a general purpose technology, like electricity, with the ability to dramatically change business models and boost productivity across many different sectors.

European investment on infrastructure-related projects totaled $741 billion in 2012, much of it to shore up a general purpose technology platform that is outmoded and whose productivity potential has long since been reached.

Like the steam engine or electricity, the internet is a "general purpose technology (GPT)" whose effects cut across almost all sectors of the economy...But digital technologies differ from mechanical ones in a profound way: their ability to scale and improve at a breakneck speed.

He says that touch as a general-purpose technology "is still in its infancy".

Digital electronics provides a general-purpose technology in the world of information products; atomically precise manufacturing will provide a general-purpose technology in the world of physical products, somewhat like 3D printing, but able to do much, much more.

Nanotech is what economists call a "general-purpose technology," along with rail travel, electricity, and the Internet; it may end up revolutionizing a wide range of industries, instead of just one or two.

One option would be to go after the makers of the printing hardware, but that would be a misguided approach centered on a general-purpose technology with many legal uses, Professor Desai said.

That's like imagining that the big hit of the industrial revolution should have been a company that made money giving tours of factories.Which brings me to a second point: the web is a general-purpose technology, like electricity.

With a general-purpose technology like nanotech or the Internet, the process is even bloodier; because you can do so many things with the technology, you pursue a lot more fruitless notions and reckless schemes before you figure out what really works.