Technology is broadly defined as the materials, machines and methods that enable humans to solve real-world problems. It is a far-reaching term that may include anything from simple tools, such as a crowbar or wooden spoon, to more advanced devices, such as a particle accelerator or space station. Technology also includes immaterial things, such as computer software and business processes. Ultimately, the scope of technology is limited only by human imagination and creativity.
Modern technology is characterized by both its complexity and its interdependence. It often requires significant training and education to design, build, maintain, and use. In addition, many technological changes occur not by a single invention, but through a step-by-step process where each new development enhances the previous one and facilitates further steps in the same direction. This process is slow, and apparently promising early technologies sometimes stall midway through the process, a phenomenon known as the “death valley”.
The development of new technology is usually driven by both supply (e.g., discoveries made via scientific research and applied R&D) and demand (e.g., market or social demands such as environmental regulation) factors. This drive to develop new technologies explains why the invention of an apparently trivial device, such as a smoke-spark arrestor for locomotives, led to the production of thousands of these devices in 19th century America. However, none of them succeeded in reducing the fire hazards created by wood burning steam locomotives. A more radical systems change, such as replacing wood-burning steam locomotives with electric and diesel locomotives, was needed to eliminate the fire hazard entirely.
As society embraces new technology, it must also consider the possible drawbacks of these technologies. These drawbacks can range from a loss of privacy to the potential for theft of sensitive information. It is important for businesses to make informed decisions about how much security they need to invest in their infrastructure and the services they provide to consumers.
While technology provides immense benefits to society, such as medical advances that allow us to live longer, it can also have a negative impact on the environment, disrupt existing social hierarchies, and harm individuals or groups. To counter these effects, society must constantly evaluate the appropriateness and benefits of its technology and make adjustments as necessary.
The advancement of technology in the workplace can help to increase efficiency and productivity by reducing manual tasks. It can also be used to automate processes and reduce the risk of human error. In addition, it can provide access to real time data and analytics that can be used for decision making. Buchanan offers business programs that can help your business leverage these technologies to improve performance and compliance. To learn more about how Buchanan can help you create a more efficient and effective work environment, contact us today.