What is technical obsolescence?
What is technical obsolescence?
When a technical product or service is no longer needed or wanted even though it could still be in working order. Technological obsolescence generally occurs when a new product has been created to replace an older version.
What are the two types of planned obsolescence?
The good types of planned obsolescence are “value engineering” and “functional obsolescence.” Value engineering is a design process that seeks to use as little material as possible in a product while still delivering an acceptable lifespan.
What are the four types of obsolescence?
Separate from physical deterioration, the five primary type of obsolescence are identified as follows:
- Technological Obsolescence.
- Functional Obsolescence.
- Legal Obsolescence.
- Style/Aesthetic Obsolescence.
- Economic Obsolescence.
What is planned obsolescence in technology?
Planned obsolescence is a business strategy in which the obsolescence (the process of becoming obsolete, that is, unfashionable or no longer usable) of a product is planned and built into it from its conception, by the manufacturer.
What are the 3 types of obsolescence?
Key Takeaways. “Obsolescence” is the term used to refer to something that is either out of date, or no longer in line with market requirements. As it relates to a commercial real estate investment, there are three types of obsolescence: functional, economic, and physical.
How do you measure technological obsolescence?
The method of determining the impact of technological obsolescence is straightforward. First determine the pace of adoption of the new technology. Assess how rapidly new technology is actually displacing the use of the older technology.
Are there different types of planned obsolescence?
Planned obsolescence is when various strategies are used to make a product seem undesirable, useless, and unwanted….4 Types Of Planned Obsolescence
- contrived durability,
- software updates,
- perceived obsolescence,
- and prevention of repair.
What are examples of planned obsolescence?
Examples of planned obsolescence include:
- Limiting the life of a light bulb, as per the Phoebus cartel.
- Coming out with a new model for a car every year with minor changes.
- Short-lasting nylon stockings.
- Irreplaceable batteries in tech products.
- The inability to refill an ink cartridge in a printer.
What are some examples of planned obsolescence?
What is an example of obsolescence?
Examples of Functional Obsolescence Within the technology industry, the constantly changing parade of smartphones and the evolution of smartphone technology is another example of functional obsolescence. New smartphones are able to do more and include more features that make old ones functionally obsolete.
How is technological obsolescence a threat to information security?
Technological obsolescence is a security threat caused by management’s potential lack of planning and failure to anticipate the technology needed for evolving business requirements. Technological obsolescence occurs when the infrastructure becomes outdated, which leads to unreliable and untrustworthy systems.
What is obsolescence risk?
Obsolescence risk is the risk that a process, product, or technology used or produced by a company for profit will become obsolete, and thus no longer competitive in the marketplace. This would reduce the profitability of the company.