Technology Explained Simply

Technology – All You Need To Know

In this post, we’ll unpack all you need to know about technology, defining exactly what it is, its characteristics, how it develops, how it impacts society and more.

What Is Technology?

Technology is defined as channelling energy in order to achieve a particular outcome.

Domains & Subdomains

Technologies develop within specific domains (for example, electronics) which themselves evolve and give rise to subdomains. Progress in one domain can influence and drive progress in other domains.

Solutions & Problems

Every technology comes with both solutions and problems, which create new technologies which come with further solutions and problems. Since the dawn of human history, this dance has played out and will continue to play out indefinitely.

It’s A System

Technologies function as a complex system comprising various components working together to achieve specific goals. This system can includes hardware, software and human input.

It’s A Living Organism

Technology is a living organism. The same way living organisms reproduce, grow, respond and adapt to their environment is the same way technologies reproduce, grow, respond and adapt to their environment.

How It Develops

The process of technological innovation mirrors the process of natural selection through recombination.

The same way existing genes combine to create new genes is the same way existing technologies combine to create new technologies.

In this sense, the development of technology is not a sudden individual process — it is an incremental collective process. It builds on itself based on what works.

As the number of existing technologies increases, so too do the possibilities for combinations that create new technologies.

How It Impacts Society

The relationship between technology and society is symbiotic — technologies shape society and society shapes technologies. This feedback loop drives continuous innovation and adaptation, ensuring that both technology and society evolve together.

It’s A Net Job Creator

Technology is a net job creator because it drives innovation and creates new industries, products and services, requiring new skills and roles even as it automates existing ones.

It’s Disinflationary

Technology is disinflationary because it increases productivity by increasing efficiency, reducing production costs and intensifying competition — all of which lead to lower prices for consumers.

Summary (TL;DR)

Technology is defined as channelling energy in order to achieve a particular purpose.

The process technological innovation mirrors the process of natural selection. The same way existing genes combine to create new genes is the same way existing technologies combine to create new technologies.

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