What is the purpose of new tech?

Purpose being defined as: the reason for which something is done or created or for which something exists.

Possibilities include maximizing automation, pushing human labor largely to the point of irrelevance, and destroying competition.

One might argue that new tech does a bit of all of those things.

However, consider ten years ago, how many markets (virtual reality, smart homes, etc,) did not exist?

What if the purpose of new tech is to create new possibilities and new markets.

Photo by Blake Wisz on Unsplash.