Impact of Technology on industry and employment

Industry

Sector involving production and services for economy.

Unemployment

State of being jobless, affecting economic stability.

Workforce Skill Set

Collection of skills required for specific jobs.

Demographic Movement

Changes in population distribution and characteristics.

Science and Technology Parks

Areas fostering innovation through collaboration and research.

Old Technology

Early tools that transformed prehistoric human life.

Industrial Revolution

Period of major industrialization starting in 1780.

Digital Revolution

Shift to digital technology beginning around 1940.

Automation

Use of technology to perform tasks without human intervention.

Robotic Automation

Use of robots to enhance manufacturing efficiency.

Job Roles

Specific responsibilities assigned to employees.

Employment Shift

Change in job availability across different sectors.

Workplace Organisation

Structure and layout of work environments.

International Migration

Movement of people across borders for new opportunities.

Science Parks

Locations promoting research and development activities.

Silicon Valley

Leading global hub for technology and innovation.

Enterprise

Initiative to create and develop new business ventures.

New Materials

Innovative substances that enhance technology applications.

3D Printing

Additive manufacturing process for creating three-dimensional objects.

Privately-Owned Business

Business owned by individuals or groups, not public.

Crowd Funding

Raising capital through contributions from many individuals.

Government Funding

Financial support from government for new businesses.

Not-for-Profit Organisations

Entities that reinvest profits for community benefit.

Graphene

Strong, flexible carbon material with unique properties.

Productivity

Measure of output per unit of input in production.

Globalisation

Integration of economies and cultures worldwide.

Processing Speed

Rate at which a computer processes data.

Accuracy

Degree of correctness in data or processes.