Techopedia Explains Technology


Technology is a broad concept that can refer to tangible tools like machines or hardware, intangible tools such as software and the way those technologies are used in human society. It can also be used to describe broader themes such as systems, methods of organization or techniques. Regardless of the precise definition, the term is often used to describe new developments and inventions that have the potential to improve the quality or quantity of people’s lives. This includes technological advancements in fields such as agriculture, medicine, energy, and the environment.

In a business context, technology has become one of the most useful resources for companies to leverage in order to boost productivity. Whether it’s for marketing, sales or operations, technology upgrades help companies move forward and outperform competitors. However, there are also concerns that technology is displacing jobs, especially in high-growth industries. In the United States, automation is threatening a wide range of positions, from retail and manufacturing to finance and health care. This is due to the increasing sophistication of automated systems and their ability to be more effective than humans at performing certain tasks.

Some experts see this as a threat to the economy, while others believe that the influx of artificial intelligence (AI) will lead to more jobs and a broader range of opportunities for the workforce. In either case, the impact of technology on jobs is expected to accelerate in the future. As a result, it’s important for companies to understand the effects of technology on their employees and the impact that new technologies will have on their company.

Techopedia Explains Technology

As a word, “technology” has an enormous range of meanings, from broadly industrial arts to applied science and everything in between. It’s not surprising that there are many different interpretations of the term, which only entered the English language in the second half of the 20th century.

The earliest usage of the term comes from the Greek word technologia, which was derived from the Indo-European root tektoni, which probably meant ‘building wattle houses’ or, more generally, building things with sticks. It later referred to the skills of craftsmen and eventually came to mean anything that enabled the production or transmission of knowledge.

Historically, the development of technology has been driven by the need to increase food production and improve access to natural resources. This has included the development of farming techniques and the discovery of fire, which increased available sources of food. More recent technology has allowed people to communicate more easily, lowering barriers to travel and increasing the amount of resources that can be exchanged across borders. Despite this progress, technology has been used for negative purposes as well, including the development of ever more destructive weapons.

Ultimately, the success of a particular technology depends on its capacity to efficiently route finite resources toward its own ends. In doing so, it must necessarily prioritize some paths while deprioritizing others. For example, when digital cameras became popular, it was not because analogue photography was a bad choice, but rather because digital cameras were superior in terms of ease-of-use and gratification.