The term "technology transferee" refers to an individual or organization that acquires or adopts new technology from a technology provider. The concept of technology transfer has become increasingly important in today's global economy as businesses and organizations seek to gain the competitive edge. Synonyms for "technology transferee" include "technology adopter," "technology recipient," "technology user," "technology importer," and "technology buyer." Each of these terms implies a slightly different aspect of the process of technology transfer. Whether a business is implementing new software or adopting a new manufacturing process, the successful transfer of technology requires careful planning, training, and collaboration between providers and adopters.