Technology is the tangible and intangible practical application of proven knowledge in a given field which aims to create and improve tools, materials and processes.

 We use technology to extend mankind’s abilities, making people the most crucial part of any technological We apply technology in almost everything we do in our daily lives; we 

use technology at work, we use technology for communication, transportation, education, manufacturing, securing data,

 scaling businesses and so much more.  Technology is human knowledge which involves tools, materials, and systems. The application of technology typically results in products. If technology is well applied, it benefits humans, but the opposite is unfortunately true, when technology is used for malicious reasons.

Many businesses are using technology to stay competitive, they create new products and services using technology, and they also use technology to deliver those products and services to their customers on time and within budget. A good example is mobile phones companies like

 Apple &  Samsung, these mobile empires, use high-end technology to create new smartphones and other electronic devices to stay competitive. This competitive edge is gained through employing advanced current technology.

Advancing Technology

Technology is dynamic; it keeps on improving because our needs and demands for technology keep on changing. We have moved from the Industrial Age (Industrial Revolution) to the Information Age. During the industrial age, companies with large sums of capital had the potential to employ expensive technological tools to gain a competitive advantage; small businesses had less potential because they could not afford expensive manufacturing or processing technology tools. However, advancement in technology has created a new economic environment that depends on information, and that is what we call the information age. The information age provides a different work environment, and this has helped small businesses gain position in highly competitive markets