The growth of technology is not restricted to one single phase.

Technology has brought many changes all around us. It has greeted the world with many valuable possessions. The advent of the internet as well as the smart phones is a part of technology. It has played a vital role in the development of the human civilization and given shape to human ideas. Technology means a new idea, which has benefited the business as well as the society.

At times, it creates future shock for the people as they emerge very fast. People hardly can digest this as they have just the basic experience of the earlier one. Fast induction of new technology has often been a burden for the people as they find it difficult to catch the rate of change in technology.

The concept of technology is not restricted to one single phase. There are different phases by which technology has changed. It first originated in the Nomadic age (0-1650). In this age, people were engaged in harvesting food by means of stone tools. The next was the Agrarian phase (1650-1900). This phase included the agricultural activities including plowing, harvesting and the use of tractors. The third phase was Industrial Age (1900-1960). It was involved to prepare building material goods with machine tools and steam engines.

The fourth phase, Service Phase (1960-1975), was concerned for the growth and development of the computers. The fifth phase was an Information phase (1975-2000).  It dealt with the intellectual development of the tools of thinking as well as design. The tools included the computer, internet as well as its applications. Semantic phase was the last phase, which focuses on the world of networking and flourishing on the internet and social media across the globe.

The concept of business technology deals, with the application of science, data, engineering as well as information for the purpose of business. The main objective is to achieve the economic as well as social goals. The growth of technology is possible due to many factors and the interest of the government is one such reason. In the year 1960, Government played the first stroke and started the internet. It also invested in science, energy, bio-medical research as well as in safety and security. Private investments also fuelled the process of technological growth with the help of venture capitalists.

The growth of technology has been possible due to proper investment in the business.  The research and development wing has achieved its innovations by getting financial assistance from the investors. In short, we can say that the combination of all government, business as well as private investment has given birth to the growth of technology.

About writer:

Worris Levine, is the Senior Information Technology Executive and in charge of computers and information technology at Dallas City Hall. He is the senior executive with initial hands-on responsible for fund raising, business development, company operations, the overall growth strategy.