(Last Updated On: September 26, 2018)

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, here we thought of sharing the definition of technology, its meaning and 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 and all have their own simple way of understanding its meaning. 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”.

Technology is our helping hand thereby extending our abilities and solving our problems. We apply technology in almost every sphere may it be house, work, communication, transport, business or any other field you can probably think about.

Types of Technology in Modern Business

Technology comes in different forms. 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. The organisations use information technology to create, store and process data to achieve the desired outputs. There are a plethora of services and software programs to simplify cumbersome processes. Information technology is utilised to deliver information through hardware, software and attached services. Personal Computers, peripherals, telephone, radio, voice and video systems, database servers etc. can be added to this type of technology examples.

2. Communication Technology:

Communication technology, another variant of information technology supports data movement and improves customer retention. Simple data can be converted into valuable insights with the help of information technology tools. Social media, messenger apps, video conferencing, live chat features, team collaboration apps etc. are trending examples of communication technology. Team members can improve internal communication. Customers can provide feedback and help in improving products & services.

3. Management Technology:

Managers utilise management technology to take well informed and better decisions. Easy retrieval and exchange of data allows efficient management of business and clients. Customer Relationship Management (CRM) and Project Management Software are two perfect examples to quote here. Technologically advanced and proper database systems help reduce costs, improve performance and increase profitability.

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 for solving different problems. 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. The blockchain technology is spreading its broad wings worldwide 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. 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 to gain a competitive edge over others. 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. 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. The landline telephones used by our elders have been converted to an ancient piece by the disrupting wave of smartphones and android 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 by companies to launch new products/services.

In this digital era, people rely on advanced types of technology to streamline their day-to-day activities. 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 you can probably think of? Do share your valuable opinions on the emerging types of technology.