High tech

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High tech

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]

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Electrical automotive VinFast plant using industrial robotics technology in Haiphong, Vietnam

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 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]

In the 21st century, the high tech industry is a significant part of several advanced economies. The Israeli economy has the highest ratio in the world, with the high tech sector accounting for 20% of the economy. High tech makes up 9.3% of the American economy according to Statista[15] and CTech.[16]

Ranking of startup ecosystems

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.[19]

More information Rank, Change from 2023 ...
Rank Change

from 2023

Hub
1 Steady United States Sillicon Valley
2 Steady United Kingdom London
2 Steady United States New York City
4 Increase (1) Israel Tel Aviv
4 United States Los Angeles
6 United States Boston
7 Increase (1) Singapore Singapore
8 Decrease (1) China Beijing
9 Increase (3) South Korea Seoul
10 Increase (5) Japan Tokyo
11 Decrease (2) China Shanghai
12 Decrease (1) United States Washington, D.C.
13 Increase (1) Netherlands Amsterdam-Delta
14 Increase (4) France Paris
15 Decrease (2) Germany Berlin
16 Increase (7) United States Miami
17 Increase (2) United States Chicago
18 Decrease (1) Canada Toronto-Waterloo
19 Decrease (3) United States San Diego
20 Decrease (10) United States Seattle
21 India Bengaluru-Karnataka
21 Australia Sydney
23 Sweden Stockholm
24 India Delhi
25 Increase (2) United States Philadelphia
26 Brazil São Paulo
27 United States Austin
28 Increase (7) China Shenzhen
29 United States Atlanta
30 United States Denver-Boulder
31 Increase (5) Switzerland Zurich
32 Increase (1) Australia Melbourne
33 Increase (4) Germany Munich
34 Canada Vancouver
35 United States Salt Lake-Provo
36 Increase (2) China Hangzhou
37 India Mumbai
38 United States Dallas
39 Increase (1) Canada Montreal
40 Increase (1) Denmark Copenhagen
40 Finland Greater Helsinki
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List of countries by high tech exports

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.[20]

More information #, Country ...
# Country Value Year
1 China769,699.282022
2 Germany223,370.842022
3 Hong Kong194,079.882022
4 United States166,435.572022
5 Vietnam122,993.362022
6 South Korea98,537.982022
7 France95,753.982022
8 Singapore94,102.982022
9 Netherlands92,149.422022
10 Mexico85,898.582022
11 Japan83,102.742022
12 Ireland80,006.332022
13  Switzerland77,973.732022
14 United Kingdom72,663.092022
15 Malaysia66,214.452022
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See also

References

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