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Dictionaries and scholars have offered a range of definitions. The offers a meaning of the term: "using science in market, engineering, etc., to develop useful things or to fix issues" and "a machine, tool, approach, etc., that is produced by innovation." Ursula Franklin, in her 1989 "Real Life of Innovation" lecture, provided another meaning of the principle; it is "practice, the way we do things around here." The term is often utilized to imply a particular field of innovation, or to refer to high innovation or just consumer electronics, instead of innovation as a whole.

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In this usage, technology refers to tools and machines that might be used to solve real-world issues. It is a significant term that may consist of simple tools, such as a crowbar or wooden spoon, or more complicated makers, such as a spaceport station or particle accelerator. Tools and makers need not be material; virtual innovation, such as computer system software and service techniques, fall under this meaning of technology.

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Brian Arthur defines technology in a similarly broad way as "a means to fulfill a human function." The word "technology" can also be used to refer to a collection of strategies. In this context, it is the existing state of humankind's knowledge of how to integrate resources to produce preferred products, to fix issues, meet requirements, or please desires; it consists of technical approaches, abilities, procedures, methods, tools and basic materials.

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"State-of-the-art technology" describes the high innovation offered to humankind in any field. Technology can be considered as an activity that forms or alters culture. In addition, innovation is the application of mathematics, science, and the arts for the benefit of life as it is understood. A contemporary example is the increase of interaction technology, which has actually reduced barriers to human interaction and as a result has actually assisted generate new subcultures; the increase of cyberculture has at its basis the development of the Web and the computer system.