Technology

Definition

Technology refers to the collection of techniques, skills, methods, and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation.

Related terms

Innovation: The process of translating an idea or invention into a good or service that creates value for which customers will pay.

Industrial Revolution: A period from 1760 to 1840 when major changes in agriculture, manufacturing, mining, transport impacted the socio-economic conditions.

Information Age: The current era characterized by the ability of individuals to transfer information freely and have instant access to knowledge that would have been difficult or impossible to find previously.