The theoretical and methodological substantiation of the essence of innovative technology is the most important factor in the global development of the economy, the modern understanding of its content as an economical category, the basis of innovation. The analysis of the scientific definitions of "technology" made it possible to identify two main areas that form the content of this definition: the presentation of technology as a certain set of techniques and methods for preparing, organizing, and implementing production processes. This approach fully reflects the logic of the industrial economy; the presentation of technology as a system factor of production based on knowledge, skills, and abilities. This is a more modern concept of understanding technology, which leads to an innovative development area.
