Technology is the application of knowledge to achieve practical goals. It can refer to both tangible tools, such as utensils and machines, as well as intangible ones, such as software and information systems.
Technology has a profound impact on people’s daily lives and the business world. It can create efficiencies, enhance productivity and improve customer experiences. It also has the potential to eliminate redundancies and increase profits.
The rapid pace of technological advancement raises concerns about the impact on jobs. Blue-collar jobs are being replaced by automation through robotics, the Internet of Things and artificial intelligence. White-collar work may also be at risk from automation. Many people fear that the rise of technology will cause massive unemployment and dislocation in society, but others believe that the new technologies offer opportunities for innovation and creativity.
Information technology, or IT, focuses on the use of computer systems, software and telecommunications to store, retrieve, transmit and process data. It combines scientific, mathematical, linguistic and historical knowledge to solve problems in the workplace.
Construction technology involves the use of computer systems and software to aid construction processes. This includes computer systems for designing buildings and infrastructure, as well as digital tools such as drones, virtual reality and data collection apps.
Educational technology allows students to access a variety of programs and resources at the click of a button. Teachers can upload lessons into learning management systems, students can keep track of their calendars online and assignments can be automatically pushed to parents’ devices when due dates are approaching. Unlike analog tools, digital resources don’t need to be tended or cared for and won’t become lost.