Software engineering technology is evolving rapidly. You cannot afford to sit around without keeping abreast of new developments. Software engineering appears to grow by waves. Each wave brings with it a large collection of fads and buzzwords. Although each wave appears to last just five to seven years, the wave does not simply disappear. Instead each subsequent wave stands upon the best features of all previous waves. (Hopefully "best" means "most effective," but unfortunately it often means "most popular.")
I know of two ways to keep abreast of the technology: reading the right magazines (and books - if very recently published) and talking to the right people. IEEE Software and Communications of the ACM magazines are a good place to learn about what's likely to be useful in the zero-to-five-year timeframe. To learn from talking to people, you must meet the right people. Although talking to folks in your own organization is necessary, it isn't sufficient. Try attending one or two key conferences per year. The presentations are probably not as important as the conversations you have in the hallways.
Reference:
Meyer, B., "On Formalism in Specifications," IEEE Software, January 1985.
