Technology is the sum of all human knowledge about how to combine raw materials, resources and other factors of production to create desired products. It also includes tools and machines, such as computers, that may aid the process. It is not limited to material items; virtual technologies, such as business methods and processes, also fall under this category.
It improves human life with increased productivity, better living conditions and medical progress. However, it can also disrupt social hierarchies, cause pollution and harm individuals or groups. This is why some people consider technology a blessing or curse.
Technological advancements have made it easier for humans to accomplish tasks that would have been impossible without them. For example, online shopping allows people to buy goods from a store across the world without leaving their homes, or they can book flights and hotels in a few clicks using a travel app. The Internet has also changed the way education is delivered, allowing students to participate in classes virtually.
It can help businesses increase productivity with data-driven decisions and efficient workflows. For example, software systems can alert staff to overdue tasks and provide visual data on project progress. It can also improve collaboration with tools such as slack and zoom, making it easier to work together from different locations. It has also helped companies reduce overhead costs and increase profits.