Technology is the use of tools and techniques for achieving practical goals. This includes both tangible things like utensils and machines as well as intangible things like software. Technology is often seen as a way to improve our lives. It can make us more efficient and safe, for example, by improving communication or enabling access to new resources. It can also create new opportunities to earn income, such as through entrepreneurship.
Technology has been around for a long time, from the first stone tools to modern computers and satellites. But what exactly is it? As Hans Rausing points out, our implicit definition of technology tends to change with time. It may mean anything that is human-made but it often means new things – the digital technologies of today (and tomorrow).
The democratisation of information is one of the most important benefits of technology, as demonstrated by the 6.3 million searches per minute conducted on Google. Similarly, technology can encourage teachers to find new ways to teach their students and to motivate them to explore an increasingly broad range of topics.
In addition, technology can increase productivity by providing better accuracy and efficiency. It can also save costs by engaging machines in tasks that take humans a lot of time, for example, data processing and writing reports. Finally, it can also encourage innovation by providing a platform for entrepreneurs to develop and share their ideas. This is especially true of the new generation of digital entrepreneurs.