Importance of Technology

The technology originated from the Greek word techne, which means art, skill and logia, which means the sum of techniques, skills, methods and processes used in producing goods or services. Technology can be the knowledge of techniques, strategies used in the production of goods or services. The simplest form of technology is the development and use of essential tools. The result we see in technology is hard and laborious work of ages of which we are reaping the benefits. As stated by Bill Gates” The advance of technology based on making it fit in so that you don’t even notice it, so it’s part of everyday life.” Many changes and developments due to changes in technology are visible.

Changes in technology over time:

A technological change is an increase in the efficiency of the product or process to get better results. There are three processes involved in it.

Invention-Creation and giving birth to a new idea, method or product is known as an invention.

Innovation-Application of the invention for the first time

The diffusion-The speed at which others begin to adopt the innovation.

All these changes have given us the modern, developed world of technology.

Benefits of technology:

As said by the former CEO of Microsoft Steve Ballmer “ The number one benefit of information technology is that it empowers people to do what they want to do. It lets people be creative. It lets people be productive. It lets people learn things they didn’t think they could learn before, and so in a sense, it is all about potential”. Technology is the biggest game-changer in the world. People either learn to follow it or are left behind. The significant changes that over modern times in technology are Internet and Mobile have changed the work and home life- Major lifestyle changes are due to the internet and mobile. The world has become very close. Overseas business or to remain in touch with your loved ones has changed. As communication methods and power have shifted, colleagues can easily talk to each other.

Automation has increased productivity-Labour intensive tasks are now done by fully automatic or semi-automatic machines. The computer has increased the efficiency of the devices to result in more significant margins in production. Work from home is possible. Monotonous activities can be avoided by employees and give a better show.

The information available is vast-Internet is the father of all the information single. The greater the well of knowledge more excellent is the accessibility and affordability of educated society. A person is not required to sit at the desk to obtain information. Click of a button on mobile and the world of knowledge opens.

1.Growth of entertainment industry- This industry’s progress can be seen in the quality of products now coming out. Music, movies, games and shows are available 24 hours and seven days.

2.Self sufficient-Technology used to advance itself and continue to gain progress in the field of technology. We do not need to depend on other people to do simple works.

3.Time saver- Changes in modern science has brought about the changes. Computer-driven cars automated washing machines or automated bankings are time savers and increase our efficiency to do other tasks. Simple daily tasks have become comfortable and time-efficient. In result, we can concentrate on other essential functions of the day.

4.Machines perform better-Changes in technology have made the machines more cost-efficient and made their performance more cost-effective.

5.As some machines work on automation, and some use less power as they automatically switch off. Some devices work on solar panels and wind turbines; they use green energy and are environment friendly. Instead of repairing an old appliance, we need to develop new technology which is more cost-effective.

6.Artificial intelligence: the future of technology. At the pace investment is being made in the industry, new trends keep coming.

Computers can make decisions like humans are the future—complex tasks like pattern recognition, speech recognition, weather forecasts and medical diagnosis. Applications require artificial intelligence navigation like Uber, voice assistants like Siri and video streaming. The fastest growing industry globally is virtual reality, security, Fintech, Artificial intelligence and Biotechnology.

Conclusion:

Technology has brought many changes in our lives, and the world will keep progressing in hand in hand. Those businesses that can provide digital services will be able to survive the fierce competition in the future. To be the part of the change, join hands with the latest technology changes and move on. By 2020, almost a third of the data will pass through the cloud and within five years, there will be 50 billion smart connected devices in the world. Robots will rule the future and will be visible more commonly matching more of human skills.  Since the ancient to present times, technology has changed the human way of living and thinking. Jobs in the technology industry will never go obsolete, although programming languages of the computer can become obsolete in a few months as the new one comes.