Speed at which technological advancement is occurring
Pace of innovation is the speed at which technological innovation or advancement is occurring, with the most apparent instances being too slow or too rapid. Both these rates of innovation are extreme and therefore have effects on the people that get to use this technology.
The factors that cause rapid pace of innovations include lack of trial and error, technological momentum, ease of entry into a field. Innovators usually do not have the burden of proof; thus, regulatory agencies have to prove that the technology has negative effects. Slow pace of innovation is caused by, but not limited to, lack of monetary funding, conflict of interests between the innovators and other factions such as the consumers, and technological momentum of competing technologies which make the use of new innovations difficult. Different technologies require different paces of innovation, therefore it is important to note that the appropriate pace of innovation depends on the context.[citation needed]
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