CFO to CFO: Evolving Finance Technology - Strategic Finance
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Learn about the development of cars and trucks in time, The transformation in the car industry from the early years to now with greener, electrical, high-technology cars and trucks. Encyclopdia Britannica, Inc.
Technology - Financial Times
Application of clinical understanding A steam turbine with the case opened. Such turbines produce most of the electrical power utilized today. Electrical power usage and living requirements are highly associated. Technology (" science of craft", from Greek, techne, "art, skill, shrewd of hand"; and -,) is the amount of strategies, skills, techniques, and processes utilized in the production of products or services or in the accomplishment of objectives, such as scientific examination.
Systems (e. g. makers) using technology by taking an input, changing it according to the system's use, and then producing an outcome are referred to as innovation systems or technological systems. The simplest kind of innovation is the development and usage of basic tools. The ancient development of shaped stone tools followed by the discovery of how to control fire increased sources of food.
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The development of the wheel assisted people to take a trip in and control their environment. Advancements in historic times, including the printing press, the telephone, and the Web, have actually lessened physical barriers to communication and enabled human beings to engage easily on a global scale. Technology has lots of results. It has helped develop advanced economies (including today's global economy) and has allowed the increase of a leisure class.
Developments have always influenced the worths of a society and raised brand-new concerns in the ethics of innovation. Examples consist of the rise of the concept of effectiveness in regards to human performance, and the challenges of bioethics. Philosophical arguments have developed over making use of technology, with differences over whether technology improves the human condition or aggravates it.
Meaning and usage Using the term "technology" has actually altered significantly over the last 200 years. Prior to the 20th century, the term was unusual in English, and it was utilized either to describe the description or study of the beneficial arts or to point to technical education, as in the Massachusetts Institute of Technology (chartered in 1861).