Technology is the application of human knowledge to create tools and machines that solve problems. It is often a result of science and engineering, but can also be an activity of its own.
The word “technology” comes from two Greek words, transliterated techne and logos, which mean “art, skill, craft” or, in other words, the way things are done. In this broad sense, it may include both material and virtual technologies, such as computer software or business methods.
Improved means of communication: Technological advancements have made it possible for humans to communicate with one another at a distance, even across continents. People can send letters or emails, phone, fax, or message friends and family, and share information on social media without ever leaving home!
Increases productivity: Businesses benefit from the ability to automate most tasks, which results in increased production and efficiency. For example, businesses can use accounting software to track inventory and automatically process orders as they are placed. Bakeries can also use sensors to monitor temperatures in the temperature room, which allows them to produce more products at lower costs.
Reduces waste: As humans are limited by our finite resources of time, attention, and energy, we must route our activities in order to complete them. That is to say, we must prioritize certain paths and deprioritize others.
Enhances our lifestyle: In many ways, technology has changed our lives. From shopping online and having our purchases delivered right to our doorsteps, to booking a flight and hotel for travel the next day, to communicating with friends and family, to sharing photographs or videos of important events, digital devices have dramatically transformed the way we live.