Technology is a broad term that encompasses all the tools and methods used in human civilization. It can range from agricultural inventions like the plow and calendar to more modern forms such as computers, smartphones, robots and even the satellites that allow for GPS tracking of objects.

Software is another type of technology that makes it easier for humans to perform tasks such as word processing or creating images. This is also what gives smartphones and other mobile devices their functionality. Audio and visual technologies such as cameras, microphones and projectors are another form of technology that enables these devices to function properly.

Technological innovations have helped to make the world a much smaller place and enabled people to communicate more easily. It has also improved healthcare and medical facilities allowing us to live longer and more comfortably. However, the downside of technology is that it has caused people to become less active in real-world social activities.

Technology allows companies to compete more effectively as it can help with product development and improves customer service. It can also make the processes of a business more efficient, for example by providing easy access to data via a cloud system or reducing paper waste. However, the proper use of technology is not without risks as it can lead to productivity losses if employees don’t know how to work with the new tools and systems. In addition, hackers can attack technology and compromise security causing major financial loss.