The Value of Tech in Society
Technology is the collective term for many of the practices, processes, machines, and technologies that are used in the creation of various products or services and in the achievement of specific goals, including scientific research. Although technology has become an ever increasing presence in all aspects of our lives, it can be difficult to recognize its effects on our day-to-day lives. The effects of technology on society at large can be seen in how society values technology, how technology is perceived by society, and how technology affects our environment. This paper discusses these topics from a theoretical perspective and offers a review of the literature on the topic.
The value of technology can be measured in many ways. One way to measure the value of technology is to look at how technology products are perceived by consumers. In the information age, consumers can easily access the products and services that they need on the Internet. In addition, nearly everyone uses smart phones and handheld devices that access the Internet. In light of this, companies like Apple and Google have developed products and services that are greatly valued by consumers.
In addition to how technology is perceived by users, technology companies can also gauge the value of their technologies through their ability to sell them to others. A prime example of how technology companies sell their products is through the development of new home appliances. Numerous technological advances in the home appliances’ market such as refrigerators and washing machines have helped make these items affordable to most households. Moreover, research has shown that people who use certain home appliances, such as washers and dryers, tend to spend more money than those who do not use these appliances. Likewise, technology companies like Apple and Google have developed products that are highly valued by consumers and have helped these companies rake in enormous profits.