Technology is fast changing, and with every passing week, there is an innovation that is coming up. In fact, the rate at which technological innovations are coming up is so fast that even keeping up with the latest can be a big problem. The innovations range from mobile applications, some artificial intelligence inventions, automation among many other kinds of innovations. With technology you just have to wait and see what will happen next. With a lot of money being invested in research by big companies in the world, more technological innovations are expected to come up in coming years. With this investment, you cannot predict what will available in the next five years.
For people who were here in the 1990s, technological growth that they have witnessed is too much. Take the case of the automobiles; we have moved from steam-powered vehicles to electric cars. Things like mobile phones were never part of us a few decades ago, but today, they are owned by every adult.
One person who knows about the power of technology is Louis Chenevert. He understands how quickly technology can change an industry. At the height of his career a few years ago, Louis Chenevert was the President and CEO of United Technologies Corporation. He was the CEO between 2008 and 2014. UTC is a business which has many other multi-billion businesses under it. The company has its headquarters in Connecticut.
UTC is a leader in the aerospace industry although it deals with other businesses. One of its accomplishment is supplying NASA with fuel power plants. Since 19966, they have been working together and have made space traveling a reality. They also manufacture jet engines for military and commercial aircraft. They are always creating the latest technology that will offer the best performance to their clients. The Geared Turbofan engine is one of the key inventions that have been made by the company.
Louis Chenevert term as the CEO was marked with great results. He steered the company into growth in a short time. Although he is retired from the company, his reputation as a business leader will live on for many years. He laid the foundation for further growth of the company.