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Technology is the application of conceptual knowledge to achieve practical goals, especially in a reproducible way. [1] The word technology can also mean the products resulting from such efforts, [2] [3] including both tangible tools such as utensils or machines, and intangible ones such as software.
Genetic engineering technology continues to improve, and the importance of epigenetics on development and inheritance has also become increasingly recognized. [110] New spaceflight technology and spacecraft are also being developed, like the Boeing's Orion and SpaceX's Dragon 2.
The level of technology is important to determine the economic growth. It is the technological process which keeps the economy moving. In the modern world, superior technologies, resources, geography, and history give rise to robust economies; and in a well-functioning, robust economy, economic excess naturally flows into greater use of technology.
Technological innovation is the process where an organization (or a group of people working outside a structured organization) embarks in a journey where the importance of technology as a source of innovation has been identified as a critical success factor for increased market competitiveness. [2]
Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data and information processing, and storage. [1] Information technology is an application of computer science and computer engineering.
An axe made of iron, dating from the Swedish Iron Age, found at Gotland, Sweden: Iron—as a new material—initiated a dramatic revolution in technology, economy, society, warfare and politics. A technological revolution is a period in which one or more technologies is replaced by another new technology in a short amount of time.
Banaras Hindu University has programs: one in History of Science and Technology at the Faculty of Science and one in Historical and Comparative Studies of the Sciences and the Humanities at the Faculty of Humanities. Andhra University has now set History of Science and Technology as a compulsory subject for all the First year B-Tech students.
Technology intelligence is not new but is more important now that organizations and societies are being disrupted by the shift to an information and networking-based economy. [6] Also known as Competitive Intelligence , there are different stages of the evolution process. [ 6 ]