Technology is the application of knowledge in the development of new tools, materials, processes, products or systems that improve the human environment. It encompasses a broad range of human activities, from the development of stone tools and other prehistoric technologies to modern manufacturing techniques and satellite networks. It also includes the specialized areas of coding and artificial intelligence, which are increasingly popular in schools for students to learn.

In the past, technological advancements were often viewed as a means to solve problems. While this is still a major component of technology, it is more accurate to view these advances as a path to an end. This is because technologists are constantly deliberating about what constitutes a problem and what solutions will be most effective in a particular context.

Technological developments also allow businesses to compete with their rivals by providing them with a unique selling point. For example, companies can use technology to create and implement software that streamlines the entire process of customer acquisition, resulting in an improved customer experience.

The digital shift has also enabled business to implement various technologies that allow employees to focus on core activities that generate revenue and drive the company forward. This has resulted in a significant improvement in productivity and efficiency, while also allowing employees to stay up to date on the latest news and developments within the industry. This has also enabled businesses to better respond to market trends and customer demand.