Technology is the application of knowledge to achieve practical goals. It includes both tangible tools like utensils and machines as well as intangible ones such as software and systems. Its evolution is driven by people seeking better ways to do things and experimenting with those methods.
Technological tools enable people to create new products and services, manage those projects effectively and deliver those services in the best way possible. These tools are a fundamental part of the modern economy and can be found in every industry. They also help to boost productivity and make the world a more connected place.
However, it is important to note that the role of technology is not neutral. It tends to prioritize certain paths while implicitly disfavouring others. It is the responsibility of the technology-maker to decide what to endorse and what to devalue. This can be seen in the example of Instagram and Facebook, both of which have the same ends (getting people to connect online), but different routes to that end. Instagram prioritizes an image-first approach to that end over other routes, such as a text-based approach.
Technology is used in a variety of ways, such as improving payment systems for customers by providing them with several options. It is also being used in education to prepare students for technical working environments. In addition, many companies are using technology to increase their competitiveness by producing high-quality products at a faster rate.