Technology is the application of scientific knowledge to practical situations. It helps to make work easier and faster for people. It also makes it possible to store and transfer large amounts of data instantly. It has many advantages for human life and the world around us. However, it can have a negative side too.

It is important to understand the impact of modern technology on our lives and the environment. This is why it is essential to research and develop new technologies. It is also vital to understand how to use them properly so that they are beneficial and not harmful.

In recent decades digital technology has become a ubiquitous part of modern life. It has transformed the way we travel, shop, communicate and entertain ourselves. It has also changed the way businesses operate and how products are made.

For example, in the early 1900s scientists found a way to fit the parts that make electronic devices work into tiny chips called integrated circuits. These helped make personal computers possible. Later, scientists used the same technology to create cellular telephones, digital cameras, and other electronics. Doctors even put electrical devices into living bodies to help them function better, such as pacemakers to keep hearts beating steadily.

Many modern companies and industries depend on technology to stay competitive. They develop and produce new products and services using the latest technology to meet market demands. They also use it to deliver these products and services on time and within budget.