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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 is 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 makes up 9.3% of the American economy according to Statista[15] and CTech.[16]

Ranking of startup ecosystems

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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.[19]

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

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.[20]

# 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. ^ Wrobel, Sharon (10 June 2024). "Tel Aviv moves up to 4th place in annual ranking of global tech ecosystems".
  19. ^ "Global Startup Ecosystem Ranking 2024 (Top 40)". Startup Genome. Retrieved 2024-08-15.
  20. ^ High-technology exports (current US$). "United Nations, Comtrade database through the WITS platform".
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