Technology is the application of knowledge to create tools, machines and systems. It is a far-reaching term that can include simple tools like a crowbar, or complex machines such as a particle accelerator. It also includes virtual tools, such as computer software and business processes.
Generally speaking, the relationship between technology and society is symbiotic and co-dependent. Technology influences and is influenced by such societal issues/factors as economics, values, ethics, institutions, groups and the environment. This is referred to as the technology–society interface, and it is often studied by academics and scientists.
Many businesses rely on technology to stay competitive. This is especially true of firms that create and sell products/services that rely on advanced, current technology (such as mobile phones). In addition, these companies use technology to help them develop newer, better versions of their existing products.
In the field of construction, technology is used to build both buildings and heavy engineering structures. While buildings are enclosures to protect people, products and equipment from the elements, heavy engineering structures are used to house complex infrastructures such as Sky scrapers, shopping malls etc.
In the modern world, technology is essential to almost all aspects of our daily lives. It helps us keep track of our daily activities, communicate with others, organize business records and much more. However, it is important to understand how to utilize technology in the right way. Otherwise, it can become a burden and hinder our productivity.