Technology is an area of study which requires a broad understanding of how it operates and how it changes the world. During the past three hundred years, technology has shaped the course of human history. It has changed wars, created cities, and changed the way we communicate.
Technologies can be divided into two main categories: consumer technologies and enterprise technologies. Consumer technologies include products and services. Enterprise technologies are usually defined narrowly. They include software, computers, and networks.
The development of new technologies is a complex undertaking. A technological wave can create forces of change from unexpected places. New technologies may create a societal impact in positive or negative ways.
Despite the importance of technology, it is also important to understand its limitations. Some technology products are useful but require maintenance or replacement. Other technologies may have harmful effects on the environment and humans.
Understanding the technology that is used in our everyday lives is important for us to live in a sustainable manner. Moreover, technological developments can also create global issues. There is a need for international cooperation to address these challenges.
The technology sector is one of the biggest sources of jobs and revenue in the economy. Businesses use technology to produce new products and keep their operations competitive.
Technological innovations have become a subject of public debate and formal regulation. Governments struggle to agree on how to regulate new technologies and the rules and standards by which they should be developed.