Measuring the Impact of Technology- Introducing the Stech Impact Framework (c)
This paper explores the impact that Science and Technology makes on Society. It introduces a framework to assess impact across multiple areas of impact and discusses quantitative and qualitative ways of measuring that impact. In the end it provides a basic frame of reference for being able to be proactive to assess impact of a new scientific or technological area across multiple dimensions of impact. Through the multiple dimension approach, the framework also exposes various risks and opportunities associated with technological and scientific advancement. The impact framework provides a common, consistent and a comprehensive way of understanding the impact that past technologies have had on humanity and enables us to predict impact of forthcoming and new technological and scientific advances. Such an Impact Framework also provides a good basis for planning Technology Ecosystems, Technology adoption plans and Technology rollout details. Through an understanding of the impact on societal dimensions, the framework also sets the first dialogue on Policy interventions that are needed for a specific scientific or Technological area.
Acknowledgments:
- Prof John Hoffmire, Advisory Board, Benzaiten Advisors LLP – as a reviewer and for playing a role in instilling the Entrepreneurship mindset
- Richard Briant , for playing a role in instilling the entrepreneurial mindset
- Rajesh Mishra, CEO A5G Networks as a reviewer
- Elsa Marie D’Sliva -as a reviewer