Blue Tech News

The manufacturing industries, which are resource based, are having a shift from high cost developed nations to low cost developed ones. The principal criteria for the purpose of development are the dominant power of the service industries like insurance, banking and distribution services. However, in the present times, the dependence solely on the service industries can lead to multiple complications.

Developed nations and the industries based on knowledge

The developed nations have better infrastructure or training, research, education and these are the main inputs to develop knowledge based innovation. Keeping in mind this advantage, a strong manufacturing sector can be build again. Remember, manufacturing adds wealth to the economy. It is not like the complicated financial sector where the surety levels are quite low. The experts in the area of manufacturing in the European Union want to change the manufacturing from a resource based to knowledge based process. The goal is to improve the image of manufacturing in the eyes of public so as to retain talent for future capable of applying new knowledge.

The core emerging technologies NBIC

Nanotechnology

In case of nanotechnology, separation, consolidation and material deformation by one single atom or by one molecule is taken into account.

Biotechnology

This is related to the technological applications using the living organisms, biological systems to modify or make the products.

Information technology

This area includes the development, design, implementation and support of software applications and hardware.

Cognitive science

It is the study of intelligence. Linguistics and philosophy are also involved in this.