Technology advancement is prompting our lives, our economy and different countries and change in technology is influencing business, government and every individual. Many MNCs and main start-ups have acquires companies and Romanian researcher has contributes in different field of technology and many companies are taking country base for staring operation due to some good positive factors like legislation, geography and, allowing knowledge transfer and growing general tech interest (Cooper and Wahab, 2005). However, being at good position does not mean that country should rest if there is gap in technology, there are other countries which rapidly upgrading their technology like Asian countries in social media, Information technology and machinery in the production house. So updated and innovation in technology are important for Romania as the technological competition is increasing. The technology shift is upgrading and reshaping the industries and society and in addition, advance technologies are helping the companies to reach domestic and international market thus, sales are increasing all over the world. Companies are selling the technology to other countries, to expand and earning more profit. This technology storm not only helping the industries, but government sectors where it is used to increase the efficiency of the employees like for more efficient tax collection, E- government initiatives to see that there should not be misused or frauds of public services.
Technology can be broadly defined as the use of scientific knowledge for practical purposes mostly in industry. Its application in various industries includes the information and media technology, agriculture, education, construction and transport. Technology allows us to perform complicated tasks in our daily lives and ensures efficiency in production. Technology has been advancing in astounding ways in recent years especially due to progress achieved in computing and it can only grow even more in the future. Although authors have different views on this broad topic, they are important as they help paint a picture for society on how technology will evolve.
Technology today influences each and every part of present day society. Truth be told, there isn't an industry out there that hasn't been influenced by the hey tech transformation. Whether we are discussing transportation, security and healthcare innovation in somehow.
The technology is the revolution to all industries it takes a wide variety of services into every industry in one way or the other, from cell phone service to software services, to medical services such as imaging to electronically medical records are just to name a few items on how technology has expanded and used every day.
The technological revolution spanned many decades, but for the scope of this paper will be limited to the 1990s through the
Different kinds of technologies are used widely and that has become the architect of one’s intimacies in contemporary society. Technology has improved the life standard
IT, electronics and automotive industries are important in urban and university centers like Cluj-Napoca (Robert Bosch GmbH,Emerson Electric), Timișoara (Alcatel-Lucent, Flextronics and Continental AG), Brașov, Sibiu, Oradea and Arad. The cities of Cluj Napoca and Târgu Mureș are connected with a strong medical tradition, and according to the same classifications top performance hospitals exist
Technology can be a rich source of competitive advantage for fast moving firms or a major threat for slow adapters
As businesses are growing in the U.S. as well as other countries around the world, the need for technology is also growing.
When we look around us every thing need to the technologies so, in the last years we have been depending on every thing either small or big .through the time we can not leave it. also, know the successful person who can invented part of the technology.
Technology is one of the quickest evolving fields of the modern society. Everyday, scientists and engineers think of ways to develop the current technology in order to make daily human tasks easier to achieve. They are able to reach innovations that change how we view objects and how we deal with the world around us leading to innovations in how manufacturers and businesses do their jobs.
The advance of technology is impacting all aspects of life, from the completion of the leisure activities, to the completion of the professional chores. For the economic agents, the advent of technology is a both a challenge, as well as an opportunity, since they become able to integrate the new technologies and create competitive advantages, but are also forced to deal with the new pressures of the technologic use of competitors, and the financial implications of purchasing the new technologies.
The development and improvement of new technology are continuously to change and improve our lives and some areas of industries in various ways such as education, communication and entertainment.
Changing technology can be a threat for us… as it can end up in high investment from us..
In summary, supporting innovation and use of technology helps a country move forward in the long term.
Technology has played a very significant role in developing small organizations into big enterprises as seen in the recent times. Technological advancement has become a major competitive advantage for many companies around the world and businesses are seeking state of the art technological facilities to upgrade their systems and operations and stay in constant touch with their customers to recognize their growing needs and design their products or services in accordance with those needs.