So tech = innovation? I don't think that's a common definition.
A car company isn't a company that uses cars, it's a company that makes cars.
Technology is "the application of science to commercial or industrial objectives" according to the dictionary.
But a technology company is a company that makes technology. That inherently requires innovation.
Re:WeWork Isn’t a Tech Company
by freehunter on Wednesday August 21, 2019 @03:52PM
(#20760995)
Also the definition of technology is not "does something with or on computers", it's "the application of scientific knowledge for practical purposes, especially in industry".
A car is a piece of technology. An engine is a piece of technology. A computer is a piece of technology. A technology company is a company that produces products that are the application of scientific knowledge for practical purposes.
What we're really talking about is information technology, which is the study or use of systems (especially computers and telecommunications) for storing, retrieving, and sending information.
It seems to me that excludes all software from "tech". The computers are tech, but how they are configured isn't "making" anything.
It doesn't seem that way to me at all. You can create software that does things that were previously not possible or not practical. That is the creation of technology. Software and information are products just as valid as cars and robots.
I would consider tech a lot broader than that; if your company is making any kind of new innovative approach to solving problems (and the future of the business depends on this), you're a tech company. So companies making lasers, robots, drones, sensors, 3D printers, DC-DC converters, batteries, and housing insulation could all be tech companies... As long as they're trying something new. So a battery company that is testing new formulations is a tech company, and one that just mass produces the same alkali cells they've been making for 50 years is not.
Software is just one sub-category.