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High tech

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(Redirected from High-tech industry)
For other uses, see High tech (disambiguation).
Electrical automotive VinFast plant using industrial robotics technology in Haiphong, Vietnam

High technology (high tech or high-tech), also known as advanced technology (advanced tech) or exotechnology,[1][failed verification] is technology that is at the cutting edge: the highest form of technology available.[2] It can be defined as either the most complex or the newest technology on the market.[3] The opposite of high tech is low technology, referring to simple, often traditional or mechanical technology; for example, a slide rule is a low-tech calculating device.[4][5][6] When high tech becomes old, it becomes low tech, for example vacuum tube electronics. Further, high tech is related to the concept of mid-tech, that is a balance between the two opposite extreme qualities of low-tech and high tech. Mid-tech could be understood as an inclusive middle that combines the efficiency and versatility of digital/automated technology with low-tech's potential for autonomy and resilience.[7]

Startups working on high technologies (or developing new high technologies) are sometimes referred to as deep tech; the term may also refer to disruptive innovations or those based on scientific discoveries.[8]

High tech, as opposed to high-touch, may refer to self-service experiences that do not require human interaction.[9]

History

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Matam high tech park in Silicon Wadi, Haifa, Israel

The phrase was used in a 1958 The New York Times story advocating "atomic energy" for Europe: "... Western Europe, with its dense population and its high technology ...."[10] Robert Metz used the term in a financial column in 1969, saying Arthur H. Collins of Collins Radio "controls a score of high technology patents in a variety of fields"[11] and in a 1971 article used the abbreviated form, "high tech".[12]

A widely used classification of high-technological manufacturing industries was provided by the OECD in 2006.[13] It is based on the intensity of research and development activities used in these industries within OECD countries, resulting in four distinct categories.[14]

Today, high tech consists a significant part of several economies. The Israeli economy has the highest ratio in the world, with the high tech sector accounting for 20% of the economy, high tech consitsts 9.3% of the American economy according to Statistca and CTech.[15][16]

Ranking of startup ecoystems

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Multiple cities and hubs have been described as global startup ecosystems. GSER publishes a yearly ranking of global startup ecosystems.[17][18] The study does yearly reports ranking the top 40 global startup hubs.[18]

Rank Change

from 2023

Hub
1 Steady United States Sillicon Valley
2 Steady United States New York City
2 Steady United Kingdom London
4 Increase (1) Israel Tel Aviv
4 Steady United States Los Angeles
6 Steady United States Boston
7 Increase (1) Singapore Singapore
8 Decrease (1) China Beijing
9 Increase (3) South Korea Seoul
10 Increase (5) Japan Tokyo

List of countries by high tech exports

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The following is a list of the 15 largest exporting countries of high tech products by value in millions of United States dollars, according to the United Nations.[19]

# Country Value Year
1  China 769,699.28 2022
2  Germany 223,370.84 2022
3  Hong Kong 194,079.88 2022
4  United States 166,435.57 2022
5  Vietnam 122,993.36 2022
6  South Korea 98,537.98 2022
7  France 95,753.98 2022
8  Singapore 94,102.98 2022
9  Netherlands 92,149.42 2022
10  Mexico 85,898.58 2022
11  Japan 83,102.74 2022
12  Ireland 80,006.33 2022
13   Switzerland 77,973.73 2022
14  United Kingdom 72,663.09 2022
15  Malaysia 66,214.45 2022

See also

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Look up high tech in Wiktionary, the free dictionary.

References

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  1. ^ Advanced technology definition
  2. ^ Cortright, Joseph; Mayer, Heike (January 2001). High Tech Specialization: A Comparison of High Technology Centers (PDF). Brookings Institution, Center on Urban & Metropolitan Policy.
  3. ^ Steenhuis, H.; Bruijn, E. J. De (July 2006). "High technology revisited: Definition and position" (PDF). 2006 IEEE International Conference on Management of Innovation and Technology (PDF). Vol. 2. pp. 1080–1084. doi:10.1109/ICMIT.2006.262389. ISBN 1-4244-0147-X. S2CID 32767300. Archived from the original on 2023-10-28. Retrieved 2023-07-22.
  4. ^ "Know How To Use a Slide Rule? - Slashdot". science.slashdot.org. 28 September 2007. Retrieved 2019-11-04.
  5. ^ "Slide Rules Were the Original Personal Computers". 5 November 2015.
  6. ^ Slide Rules & Calculators https://www.tnmoc.org/slide-rules-calculators
  7. ^ Kostakis, Vasilis; Pazaitis, Alex; Liarokapis, Minas (2023-06-20). "Beyond high-tech versus low-tech: A tentative framework for sustainable urban data governance". BigData&Society. 10 (1). doi:10.1177/20539517231180583. ISSN 2053-9517.
  8. ^ "What is Deep Tech and which startups are marking the road (not Uber)". Startup Business (in Italian). 2018-04-20. Retrieved 2020-10-13.
  9. ^ Williams, Howard (6 June 2019). "Do Customers Want High Tech or High Touch?". Home Business Magazine. Retrieved 2020-03-22.
  10. ^ "Atomic Power for Europe", The New York Times, February 4, 1958, p. 17.
  11. ^ Metz, Robert (1969). "Market Place: Collins Versus The Middle Man", The New York Times, April 24, 1969, p. 64.
  12. ^ Metz, Robert (1971). "Market Place: So What Made E.D.S. Plunge?", The New York Times, November 11, 1971, p. 72.
  13. ^ Hatzichronoglou, Thomas: "Revision of the High-Technology Sector and Product Classification", OECD Science, Technology and Industry Working Papers, No. 1997/02, OECD Publishing, Paris.
  14. ^ High Tech Trademarks by John Mendenhall, Art Direction Book Co; First Edition (January 1, 1985) ISBN 0881080241
  15. ^ "Tech GDP as a percent of total U.S. GDP 2022". Statista. Retrieved 2024-06-25.
  16. ^ "For Israeli economy, no substitute for high-tech dominance". ctech. 2024-06-04. Retrieved 2024-06-25.
  17. ^ Genome, Startup. "Startup Genome". Startup Genome. Retrieved 2024-06-13.
  18. ^ a b Wrobel, Sharon (10 June 2024). "Tel Aviv moves up to 4th place in annual ranking of global tech ecosystems".
  19. ^ High-technology exports (current US$). "United Nations, Comtrade database through the WITS platform".
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