Technology is the rational process of creating means to order and transform matter, energy and information to realize valued ends. This broad definition of technology includes the tools and devices that result from the technological process, and it also encompasses the underlying knowledge that makes the technological process possible.
Technological objects may be material, such as a crowbar or a space station, but they can also be non-material, such as computer software and business methods. The term technology may also refer to the general trend toward increasing sophistication in human life and the creation of new ways to improve the quality of that life.
Modern society is highly dependent on technology in many areas of life, such as health and transportation. The development of technology has also impacted culture, education and the way people interact with each other.
One of the most important areas of impact is in the field of education. The advent of educational technology made it possible for students to access a huge variety of learning materials. This has enriched their knowledge base and helped them become self-sufficient. They no longer have to depend on textbooks or teachers for information and guidance. They can use the internet to research any topic, learn anything they want and prepare a paper without anyone’s help. This has improved their skills, boosted confidence and given them a competitive edge in the job market.
Other important areas of impact are in business and the media. The invention of eReaders and digital mediums has reduced the use of books, paper planners, boards and other learning resources. It has also encouraged students to learn in a fun and interesting manner. Many schools and educational institutes now offer interactive sessions for students through VR and AR. This has increased the interest of students in their subjects and has helped them get better marks.
At a corporate level, technology is crucial to improving efficiency and productivity. By automating repetitive tasks, employees can focus on generating and sustaining revenue. This also reduces the risk of error by minimizing manual interactions with sensitive data. In addition, the availability of various technological resources helps companies achieve compliance with regulatory bodies. All of these benefits have a direct impact on Malov’s hierarchy of needs, which is the foundation of organizational growth and success.