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

There have been many changes around us due to technology. It has given many valuable gifts to the world. Technology has greeted the modern civilization with the internet and the smart phone. It has played a vital role to develop the human civilization and give shape to human thoughts.

Technology has created a future shock to the modern generation. Many people find it difficult to cope up with the technology. Technology is changing from time to time and it is never static. The induction of new technology often creates problems for the people as they find it very difficult to learn. The rate of change of technology is too high and people often are stuck into it. The new technology comes to them, but they are not well aware of the older one. One simple example is that there are many people, who cannot handle the 3 G phones, yet the concept of 4G of Airtel has been already in the market.

Technology is not restricted to any particular phase. Technology has emerged long back and the change of phase is inevitable. People used to harvest food by means of stone tools in the Nomadic Age (0-1650). The Agrarian phase (1650-1900) included the agricultural activities like plowing, harvesting, and the use of tractors in the agricultural field. The third phase was the Industrial Age (1900-1960). It was concerned to prepare material goods along with the machine tools and steam engines.

The service phase (1960-1975), was the fourth phase. It dealt with the growth and development of the computer. The Information phase (1975-2000), was the fifth phase. It dealt with the intellectual development of the tools of thinking as well as design. The last phase was known as the Semantic phase. This phase mainly focuses on internet, networking as well as social media across the globe.

Business technology deals with all the information related to the business that includes the application of science, data, engineering. The main intention behind this is to achieve economic as well as social goals. Technology has grown up by being influenced by different factors. The interest of the government is one such reason, which boosted the growth of technology. The Government started the internet in the year 1960 and invested in science, energy, bio-medical research as well as in safety and security. The role of the venture capitalists also fuelled the process of technological growth. 

Proper investment in business has led to the growth of technology as well. The investors have given financial support to the research and development wing for achieving success in the end. The combined effort of the government, business, as well as private investment has given birth to the growth of technology.