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Technology's Impact Of Technology And Its Impact On Business

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The term technology means the application of scientific knowledge for practical purposes mainly in an industry. The term Innovation is the introduction of something new. When combining these two terms together as one it is defined as an accord of new products and processes that hold significant technological changes of products and processes. This is when an innovation has been implemented if it has been introduced on the market. Technology has such a tremendous impact on today’s society because the pace of life has increased and without it that would not have been possible. Travel is fast, action is quick, communication is rapid and movement is easy. Things in the era when there was no technology took hours to complete maybe even days but now things can happen instantly. Technology has made societies needs met at greater ease and our standard of living has increased. Not only has it brought advancements in the industrial aspect it has also brought forth advancements in architecture, engineering, agriculture and even businesses. This is significantly important because technology is creating more job opportunities than ever before, allowing business to grow and gain more revenue. What comes with the growth of business is the evolution of more precise research fields to better things such as genetics, astronomy, health fields, transportation, tourism and the education system which will allow the world to be a better place overall. If it wasn’t for technology we wouldn’t have

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