Technology refers to the tools and machines that humans use in order to solve real-world problems. It is a far-reaching term that encompasses everything from crowbars to space stations. Although tools and machines are the most common examples of technology, it also encompasses non-physical entities such as computer software.
Every technological invention operates within constraints that must be identified and taken into account. These include economic (how much money is available for research), political (local, state and national regulations), social (disadvantages to some individuals or risks to future generations), ecological (likely disruption of natural systems) and ethical (disadvantages to some people or risk to their health). An optimum design often involves finding a reasonable compromise among these various constraints.
The technology industry is a large and dynamic sector of the economy. It is a source of innovation and growth, and it contributes to the quality of life for many people around the world. It also provides employment opportunities for a wide range of skills.
New and improved technology is constantly emerging to make things easier for people and businesses. For example, new technology allows companies to offer more efficient customer service and reduce costs by automating processes. It also helps businesses improve their sales and expand globally.
The main types of technology include information technology, industrial technology, manufacturing technology and consumer technology. Information technology includes computer hardware, software and telecommunications. Hardware includes devices like computers, tablets and phones, as well as the supporting infrastructure such as switches, routers and cabling. Software is a category of technology that includes applications and programming tools.