Technology is the set of tools, devices and systems used to create, process, transmit, store and access information. It includes any electronic or computerized system or equipment used to enhance the performance of a task, and often refers to the ability to improve human productivity and quality of life.

While many technologies contribute to economic development and human prosperity, they can also have negative impacts like environmental degradation, social inequality, and job loss due to automation. There are ongoing philosophical and political debates on the role and use of technology, as well as ways to mitigate its downsides.

The word “technology” comes from the Greek (technologia), which means “art of the craftsman,” or “mastery of techniques.” It is a concept that is both broad and abstract, yet it’s easy to find examples of technology in our everyday lives.

There are different types of technology based on the method of application, problems they solve and purposes they serve. For example, construction technology is the design and construction of bridges, buildings and inland waterways as well as dams; maritime engineering is the engineering branch that deals with ships, boats and marine structures; and manufacturing technology is the application of scientific, mathematical, linguistic, historical, social and technical knowledge in order to produce a useful result for humans.

Technological developments are not only a boon for our daily routine but they can even increase your productivity to an amazing extent. However, you need to make sure that you use the right kind of technology to achieve this purpose. You can do this by choosing the right automated tool that can help you with a variety of tasks. For instance, you can automate your accounting activities with an efficient software which is capable of doing most of the work on your behalf.