Importance of Technology
What is Technology ?
Technology is the continually developing result of accumulated knowledge and application in all techniques, skills, methods, and processes used in industrial production and scientific research. Technology is embedded in the operation of all machines, with or without detailed knowledge of their function, for the intended purpose of an organization. The technologies of society consist of what is known as systems. Systems apply the intended application of a technology’s accumulated knowledge by obtaining an input, altering this input for the system’s intended purpose through what is known as a process, and then producing an outcome that alters the ultimate intended purpose of the system. This is also known as a technology system or technological system.
Technology can be most broadly defined as the entities, both material and immaterial, created by the application of mental and physical effort in order to achieve some value. In this usage, technology refers to tools and machines that may be used to solve real-world problems. It is a far-reaching term that may include simple tools, such as a crowbar or wooden spoon, or more complex machines, such as a space station or particle accelerator. Tools and machines need not be material; virtual technology, such as computer software and business methods, fall under this definition of technology.
Technology Improves Communication
Twenty years ago, before the digital revolution, businesses had to rely on physical mails and face-to-face meetings to effectively communicate their thoughts. With the widespread use of technology, people can communicate from thousands of miles away from each other. Communication has become faster and easier than ever with e-mails, video conference meetings, and chatting applications.
Efficiency Is Improved With Technology
Using lesser inputs to produce higher output has been the goal of many companies for a long period. Technology enables many industries to achieve this goal with automation. Machines produce output faster than any human being and do not need rest. With the help of machinery, the output produced in months by manual labor can be produced in a few minutes.
Technology Helps In Starting A New Business
Technology has helped people start their ventures easily and raise capital. Everyone can easily implement their ideas because the scope of possibilities has increased drastically over the years. Business plans, which are the initial stage of starting a business, can be easily created.
Technology Provides Access to Information
Information was hard to obtain from books as it took a long time to read books and gather insights. The Internet has enabled everyone to have unlimited access to information uploaded by millions of people worldwide. There are many means of obtaining information, such as recorded audio, videos, and text.
Technology Saves Time
There are many times when people used to get lost finding their way to their destination. You had to ask around to get directions to the place you want to reach, which meant that you were hours late at times. With accurate navigation technology, finding directions to any place in the world is not a problem. Hence, technology helps save the time of all the people who use it effectively.
Technology Saves Cost
Technology can significantly reduce the cost of business if it is adopted. For example, organizations would mostly rely on paper for communication. After digitalization, the cost of purchasing paper in bulk can be saved with the paperless working environment.This is just one example; technology helps save costs for the organization in many other ways like Cloud Computing — Transferring company data to the cloud is a brilliant way to cut costs. In addition to saving money on paper, filing cabinets and other office supplies, storing information online is a brilliant way to boost productivity and minimize stress.
What is Cloud Computing ?
Cloud Computing — Simply put, cloud computing is the delivery of computing services — including servers, storage, databases, networking, software, analytics, and intelligence — over the Internet (“the cloud”) to offer faster innovation, flexible resources, and economies of scale.
Technology Brings People Close
People who went to foreign countries could not see their loved ones and would wait years to go back to their home countries. With the help of smartphones, people can video call their family members and friends to communicate regularly. Technology has brought people closer to social media platforms where they can remain up to date with their friends and family’s activities.
Technology Gives Competitive Edge
Organizations that do something better than the others are usually the ones who have been able to use technology to their advantage.
Let’s prove this from an example
Regular printing machines cannot beat one company that uses high-end printing machines. The company that produces high-quality prints will win the market share easily.
Technology Enables Innovation
New and out-of-the-box ideas are the reason why technology has been able to create such a deep impact. Someone once thought of flying high in the sky, which then became a reality. The ability to fly was only possible with the use of technology and innovation. In the current day and age, technology is used for research and development purposes, improving our ability to test and implement new ideas.
Quicker Decision Making
Technology is becoming increasingly capable of storing and handling large amounts of data. Data can be used to streamline decision-making through technology. Before the widespread use of technology, analyzing data would take a lot of time. Now, data analytics has become easier and faster, which helps businesses make quicker decisions.
Advantages of Technology
- Technology Solar Electrical Power
- Technology Improved Housing and Lifestyles
- Technology Used for Purchasing and Selling
- Technology Cause Cost Deficiency
- Technology Used for Entertainment
- Technology Benefits to The Health Industry
- Technology use for Education
- Technology Easy Access to Information
- Banking Through Modern Technology
- Technology Saves our Precious Time
- Technology Used in Agriculture
- Technology Used for Communication
- Technology Used in Transportation
- Technology Artificial Intelligence
- Technology for Disabled People to Make Them Able
Disadvantages of Technology
- People Dependent on Technology
- Technology Causes Wastage of money
- Technology Causes Health Problems in Peoples
- Technology Causes Lack of Interest in Studying
- Addiction to Technology of the People
- Technology Causes Environmental Problems
- Technology Causes Social Isolation of the People
- Technology Reduce the Creativity of People
- Technology Causes Distraction from Work and Study
- Modern Technology Waste our Time
- Security Issues in Using the Technology