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High tech

Most advanced technology available

Most advanced technology available

High technology (high tech or high-tech), also known as advanced technology (advanced tech), is technology that is at the cutting edge: the highest form of technology available. It can be defined as either the most complex or the newest technology on the market. The opposite of high tech is low technology, referring to simple, often traditional or mechanical technology. When high tech gets old, it becomes low tech, for example vacuum tube electronics. Further, high tech is also in contrast to the concept of mid-tech, technology at a level between the two opposite extreme qualities of low-tech and high tech.

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.

High tech, as opposed to high-touch, may refer to self-service experiences that do not require human interaction.

History

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 ...." 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" and in a 1971 article used the abbreviated form, "high tech".

A widely used classification of high-technological industries was provided by the OECD in 2006. It is based on the intensity of research and development activities used in these industries within OECD countries, resulting in four distinct categories.

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 and CTech.

Ranking of startup ecosystems

Multiple cities and hubs have been described as global startup ecosystems. GSER publishes a yearly ranking of global startup ecosystems. The study does yearly reports ranking the top 40 global startup hubs.

2024 RankChangeHub
1USA Silicon Valley
2UK London
2USA New York City
4Israel Tel Aviv
4USA Los Angeles
6USA Boston
7Singapore Singapore
8China Beijing
9South Korea Seoul
10Japan Tokyo
11China Shanghai
12USA Washington, D.C.
13Netherlands Amsterdam-Delta
14France Paris
15Germany Berlin
16USA Miami
17USA Chicago
18Canada Toronto-Waterloo
19USA San Diego
20USA Seattle
21India Bengaluru-Karnataka
21Australia Sydney
23Sweden Stockholm
24India Delhi
25USA Philadelphia
26Brazil São Paulo
27USA Austin
28China Shenzhen
29USA Atlanta
30USA Denver-Boulder
31Switzerland Zurich
32Australia Melbourne
33Germany Munich
34Canada Vancouver
35USA Salt Lake-Provo
36China Hangzhou
37India Mumbai
38USA Dallas
39Canada Montreal
40Denmark Copenhagen
40Finland Greater Helsinki

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 billions of United States dollars, according to the United Nations.

#CountryValue (billions)Year
1China8252023
2Hong Kong3692023
3Germany2552023
4United States2322024
5Singapore1972023
6South Korea1632023
7Vietnam1352022
8Malaysia1272023
9France1152023
10Netherlands1102023
11Japan1022024
12Ireland912023
13Switzerland892024
14UK822023
15Mexico812023

References

References

  1. [https://www.collinsdictionary.com/dictionary/english/advanced-technology Advanced technology definition]
  2. (January 2001). "High Tech Specialization: A Comparison of High Technology Centers". Brookings Institution, Center on Urban & Metropolitan Policy.
  3. (July 2006). "2006 IEEE International Conference on Management of Innovation and Technology".
  4. (2018-04-20). "What is Deep Tech and which startups are marking the road (not Uber)".
  5. Williams, Howard. (6 June 2019). "Do Customers Want High Tech or High Touch?".
  6. "Atomic Power for Europe", ''The New York Times'', February 4, 1958, p. 17.
  7. Metz, Robert (1969). "Market Place: Collins Versus The Middle Man", ''The New York Times'', April 24, 1969, p. 64.
  8. Metz, Robert (1971). "Market Place: So What Made E.D.S. Plunge?", ''The New York Times'', November 11, 1971, p. 72.
  9. Hatzichronoglou, Thomas: "Revision of the High-Technology Sector and Product Classification", OECD Science, Technology and Industry Working Papers, No. 1997/02, OECD Publishing, Paris.
  10. High Tech Trademarks by John Mendenhall, Art Direction Book Co; First Edition (January 1, 1985) {{ISBN. 0881080241
  11. (2024). "High-Tech Industry".
  12. "Tech GDP as a percent of total U.S. GDP 2022".
  13. (2024-06-04). "For Israeli economy, no substitute for high-tech dominance".
  14. Genome, Startup. "Startup Genome".
  15. Wrobel, Sharon. (10 June 2024). "Tel Aviv moves up to 4th place in annual ranking of global tech ecosystems".
  16. "Global Startup Ecosystem Ranking 2024 (Top 40)".
  17. High-technology exports (current US$). "United Nations, Comtrade database through the WITS platform.".
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