The word “technology” can also be used to refer to a collection of techniques. In this context, it is the current state of humanity’s knowledge of how to combine resources to produce desired products, to solve problems, fulfill needs, or satisfy wants; it includes technical methods, skills, processes, techniques, tools and raw materials. When combined with another term, such as “medical technology” or “space technology,” it refers to the state of the respective field’s knowledge and tools. ” State-of-the-art technology” refers to the high technology available to humanity in any field.
An example of technology is the Internet which has made up-to-date information available to anyone with access in a matter of moments and provides real time information about events around the world. Technology is often considered too narrowly; according to Hughes, “Technology is a creative process involving human ingenuity”. 74 This definition’s emphasis on creativity avoids unbounded definitions that may mistakenly include cooking “technologies,” but it also highlights the prominent role of humans and therefore their responsibilities for the use of complex technological systems.
44. Use of Plastic Money Cards: Technology has played a big role in changing the face of banking industry. Unlike in the past when you had big sums of money and get exposed to risks of moving with lots of cash, today, plastic money cards are being used to make transactions of any kind. Many banks have VISA CARDS or CREDIT CARDS which can be used worldwide to purchase products or make payments of any sort. The same smart money cards can be used online because all e-commerce websites accept payments with Visa or Debit cards. When the owner of VISA CARD makes a purchase, that money will be transferred from their bank accounts to the merchant’s account, so the all process of exchanging money is electronic.
The Deloitte Technology Fast 500 has been one of the most objective rankings for technology, media, telecommunications, life sciences, and energy tech companies for 25 years. Combining technological innovation, entrepreneurship, and rapid growth, Fast 500 companies—large, small, public, and private—hail from cities far and wide across North America and are disrupting the technology industry. It was created to recognize the effort and dedication of the fastest-growing technology companies. Winners are selected based on percentage fiscal-year revenue growth over a three-year period. The ranking is compiled from applications submitted directly to the Technology Fast 500 website and public company database research conducted by Deloitte LLP.