Technology is the application of knowledge to accomplish a task. It is the product of an endeavor and is used widely in our everyday life. We use technology in many fields, including medicine, computer science, electronics, and manufacturing. We use technology in our home, workplace, and in our cars. Technology is essential to our everyday existence.

The evolution of technology has brought us a vast variety of products and services. Today, businesses rely on advanced technology to stay competitive. The Internet and mobile phones have revolutionized how businesses communicate. With the help of technology, businesses can deliver products and services on time and on budget. In the past, communication was slow and took days or even months. Now, with advanced technology, businesses can communicate with their customers through email, SMS, online chat, video conferencing, and conference calls.

Most technological products require a range of controls to ensure optimal performance. For example, an automobile’s engine and transmission are complicated systems with several subsystems that control temperature, combustion rate, direction, and speed. These systems also require human intervention in case of malfunction or need of a change in purpose. The development of complex technology is accompanied by many challenges and risks.

While new technology is typically distributed by free-market forces, it can also trigger public debate and formal regulation. It can also affect the jobs of people whose livelihoods are dependent on the technology.