(Last Updated On: January 16, 2019)

Technology, the essence of the modern day world is evolving at a much faster pace. In our personal as well as professional/business life, technology is indispensable. So, let’s share some thoughts on technology, its definition and meaning. You shall also become familiar to different types of technology around the globe.

Technology: Definitions

Oxford dictionary defines the word “Technology” as: “The application of scientific knowledge for practical purposes, especially in industry”.

As per Collins Dictionary the word “Technology” refers to “methods, systems and devices which are the result of scientific knowledge being used for practical purposes”.

Technology Meaning: Simplified

Technology is a vast term. In fact, all have their own simple way of understanding its meaning. So, we use technology to accomplish numerous tasks in our day to day lives.

In simplest words, when we use our scientific knowledge for achieving a specific purpose, creating tools or processing actions is referred to as “Technology”.

Hence, Technology is your helping hand thereby extending your abilities and solving your problems. We apply technology in almost every sphere. In house, at work, for communication, transport, business etc. you see technology everwhere. Moreover, any important field you can probably think of, technology surely prevails there in one form or the other.

Types of Technology in Modern Business

You can visualise Technology coming in different forms. So, we have highlighted the most common types of technology in a precise manner:

1. Information Technology:

We have moved from an industrial age to the information technology age. Now, the organisations use information technology to create, store and process data to achieve the desired outputs. So, there are a plethora of services and software programs to simplify cumbersome processes. Hence, you can utilise Information technology to deliver information through hardware, software and attached services.

Examples: Personal Computers, peripherals, telephone, radio, voice and video systems, database servers etc.

2. Communication Technology:

Communication technology is another variant of information technology. It supports data movement and improves customer retention. So, simple data can be converted into valuable insights with the help of information technology tools. Team members can improve internal communication. Customers can provide feedback and help in improving products & services.

ExamplesSocial media, messenger apps, video conferencing, live chat features, team collaboration apps etc.

3. Management Technology:

Managers utilise management technology to take well informed and better decisions. In addition to it, easy retrieval and exchange of data allows efficient management of business and clients. So, technologically advanced and proper database systems help reduce costs. Not only this, these improve performance and increase overall profitability.

ExamplesCustomer Relationship Management (CRM) & Project Management Software are two perfect examples to quote here.

4. Artificial Intelligence:

Artificial Intelligence is a step ahead of simple technology. The creation of intelligent and smart machines that work like humans. That’s sounds so strange but interesting! High-tech research and programming techniques are required to build such intelligent machines. These AI enabled systems are instrumental in solving a variety of technical and other issues.

Hence, the emergence and popularity of Artificial intelligence has given new dimensions to the speeding technology.

5. Blockchain Technology:

Blockchain, the latest entrant into the huge technology network. This distributed ledger system is giving a fresh meaning to technology and creating a new age internet. This is not limited to Cryptocurrency alone. Moreover, the blockchain technology is spreading its broad wings worldwide. It is actively generating different use cases solving various difficult tasks.

These are just few types of technology that are available and the ones you can probably see or hear around. Now, whether you are a homemaker, a freelancer, a salaried person, a startup enthusiast, a corporate or a common man. You can’t deny the ever-growing importance of technology in your busy life.

Types of Technology: Examples

“Apple” and “Samsung” are the two biggest examples to quote under impressive and emerging tech ideas. These robust companies keep launching various types of technology products. They need to gain a competitive edge over others. Now, these mobile empires utilise high-end technology for creating new smartphones and other electronic devices. All this is the result of careful and systematic application of advanced technology in order to satisfy the customer’s demands.

Technology Types: A Final Take

Your household appliances, television, smartphone, laptop, car, office equipment, all are based on different types of technology. So, if you start thinking, the list of tech gadgets you use daily just gets longer and longer.

Technology is dynamic, our needs keep changing and so does technology. Remember, the big giant computers that were used decades ago have now been replaced by beautiful sleek laptops. Now, the landline telephones used by our elders have been converted to an ancient piece. The disrupting wave of smartphones and android devices has replaced older communication devices.

So, you can’t ignore the need and significance of technology types in this changing world. Everyday a new series and different types of technology products and devices are introduced. Thanks to the thorough market research and business planning done! You can see Companies eager to launch new products/services. All this, to be a significant part of the technology trends.

In this digital era, people rely on advanced types of technology to streamline their day-to-day activities. Hence, big as well as small businesses can’t survive without requisite usage of technology.

What’s your take on the powerful impact of technology in each and every sphere? Do share your valuable opinions on the emerging types of technology.