Technology is the application of scientific knowledge to everyday life. It improves the quality of human life and helps people to meet their expectations and desires. Life would be unimaginable without technology.
Technology encompasses a wide range of topics such as hardware, software and communications. Technology can be applied to a variety of fields such as engineering, management, business and other disciplines. The use of technology can improve productivity, efficiency and safety in businesses.
While individual inventiveness is essential to technological progress, social and economic forces determine what technologies will be adopted, promoted, paid attention to and invested in. Examples of such societal influences include consumer acceptance, patent laws, the availability of risk capital, market competition, media attention, government regulation and other factors.
Some examples of technology in the world today are ioT-driven smart cities, virtual reality gaming and the Blockchain platform. Technology is being used in education as well to help students understand the world around them. In the classroom, technology allows students to collaborate with their peers from other schools, countries and even continents using platforms like epals and myViewBoard.
In addition to collaboration, technology can enable a business to acquire huge amounts of information at a quicker pace with the help of computer networks and workstations. The data can be combined and arranged in various ways to make fine computerized decisions that will help a business grow. These processes also reduce the time spent on manual operations and ensure accuracy.