Mikael Phoebus Apollo Mcnealy came up with 10 reasons for the importance of technology in business.

1. What is the Importance of
technology in our lives?
Mikael Phoebus Apollo
Mcnealy

2.  Technology refers to the collection of tools that make it
easier to use, create, manage and exchange information.
 In earlier times, the use of tools by human beings was
for the process of discovery and evolution. Tools
remained the same for a long time in the earlier part of
the history of mankind but it was also the complex
human behaviors and tools of this era that modern
language began as believed by many archeologists.

3.  Mikael Phoebus Apollo Mcnealy says technology
refers to the knowledge and utilization of tools,
techniques and systems to serve a bigger purpose
like solving problems or making life easier and
better. Its significance on humans is tremendous
because technology helps them adapt to the
environment.

4.  The development of high technology including
computer technology's Internet and the telephone
has helped conquer communication barriers and
bridge the gap between people all over the world.
While there are advantages to the constant
evolution of technology, their evolution has also
seen the increase of its destructive power as
apparent in the creation of weapons of all kinds.

5.  In a broader sense, technology affects societies in
the development of advanced economies, making
life more convenient to more people that have
access to such technology. But while it continues to
offer better means to man's day to day living, it also
has unwanted results such as pollution, depletion of
natural resources to the great disadvantage of the
planet. Its influence on society can also be seen in
how people use technology and its ethical
significance in society.

6.  Debates on the advantages and disadvantages of
technology constantly arise questioning the impact
of technology on the improvement or worsening of
the human condition. Some movements have even
risen to criticize its harmful effects on the
environment and its ways of alienating people.

7.  Still, there are others that view technology as
beneficial to progress and the human condition. In
fact, technology has evolved to serve not just human
beings but also other members of the animal species
as well.

8.  Technology is often seen as a consequence of
science and engineering. Through the years, new
technologies and methods have been developed
through research and development. The
advancements of both science and technology have
resulted in incremental development and disruptive
technology. An example of incremental development
is the gradual replacement of compact discs with
DVD.

9.  While disruptive developments are automobiles
replacing horse carriages. The evolution of
technologies marks the significant development of
other technologies in different fields, like
Nanotechnology, biotechnology, robotics, cognitive
science, artificial intelligence and information
technology.

10.  The rise of technologies is a result of present day
innovations in the varied fields of technology. Some
of these technologies combine power to achieve the
same goals. This is referred to as converging
technologies. Convergence is the process of
combining separate technologies and merging
resources to be more interactive and user friendly.

11.  An example of this would be high technology with
telephony features as well as data productivity and
video combined features. Today technical
innovations representing progressive developments
are emerging to make use of technology's
competitive advantage. Through the convergence of
technologies, different fields combine to produce
similar goals.

12. Thanks