| John Spacey, December 21, 2015 updated on August 21, 2017
Modernization is the process of improving things to be closer to the current state of the art. It involves catching up to progress that has occurred in areas such as efficiency, productivity, quality of life and risk reduction. The following are illustrative examples.
TechnologyInfrastructure, platforms, systems, applications, robotics, machines and devices that are more efficient, faster, lower risk and better at achieving your goals.
EnergyEnergy sources that are cheaper and lower impact on the environment.
TransportationTransportation methods that move people quicker, cheaper, faster and safer with less impact on the environment.
ProcessesBusiness processes and practices improve with time as innovative ideas are disseminated, tested and adopted. It is common to regularly benchmark processes against the competition to see if you're missing out on a better approach.
Products & ServicesIn some industries, products and services are rapidly improved such that firms must modernize their products several times a year.Transforming your norms, values and expectations as an organization to match change in your society. Improvements in human well-being in areas such as health, education, safety, cities, work, standard of living and leisure.
|Definition|| The process of improving things to be closer to the current state of the art.|
|Notes||Historically modernization didn't always reduce risks or improve quality of life. However, it is reasonable to define modernization in these terms today. For example, a rocket car that goes faster than any other car on the planet but is incredibly dangerous, loud and harmful to the environment wouldn't be viewed as more modern simply because it's faster.|
|Also Known As||Modernisation|
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