Importance of Technology In Everyday Life

Let’s try it, imagine spending just one day without the flashing screens or buzzing notifications in your smartphone. 

Seems hard, right? 

The same goes for living without TV, fans, computers, internet, X-ray machines, or a simple grinder in your kitchen.

It clearly shows the everlasting importance of technology to enrich our everyday lives.

From business to communication, medicine to manufacturing, banking to finance, education to entertainment; it’s been an integral part of every aspect of our life.

That’s not all, the recent AI innovation has surpassed all the records, transforming how we learn, work, communicate, react, or even think.

So, let’s find out the technological benefits in 10 major areas of our day-to-day lives that have quietly rearranged the very fabrics of our modern existence!

Some Interesting Stats about Technology 

• The growing adoption of digital banking will lead to 95 million new jobs in the near future.
• 2018 saw more than 2.65 billion people using social media, and that number is never going down.
• 1 in every 5 Americans has Smartphone dependency. 
• The global retail AI market value is about to hit $4.3 billion by 2024, meanwhile, the wearable AI market will reach $180 billion by 2025.
• 62% of parents agreed that virtual reality can enhance their children’s educational experience. 
• The IoT is slowly transforming the business landscape, therefore, two-thirds of US citizens are investing in smart systems.

(Source:https://leftronic.com/blog/how-fast-is-technology-growing-statistics )

Defining The Importance Of Technology: How It’s Shaping Our Daily Life

Have you ever wondered why technology is so important? 

The answer is, why not?

Whether we talk about filtering water to drink or cooking food to eat, technology surrounds our regular lives all the way.

But what is technology, at its core?

Technology is:

Applying scientific knowledge for practical purposes, aiming to solve real-life problems for human welfare.

Look at the world around you! It’s not the same as a decade before. From inventing automatic cars to integrating blockchain into business, technology has evolved a lot over the years, only to ease human lives profoundly.

Here are the 10 prominent sectors it has influenced the most:

1. Transformation in Communication 

Gone are the days when people used to exchange emotions through letters or postcards.

Ask your parents- how many days did they wait for a single letter to arrive?

And here’s you who can let your friends know each and everything you do right away, no matter how far you are! Thus, technology has literally shattered the geographical barriers by creating a global community. 

A recent study shows that by the end of 2024, the number of smartphone users will surpass 7.1 billion globally.

And this one device lets us message or video call our loved ones whenever we want.

Moreover, technological advancement contributes to a huge number of virtual collaborations through different channels, from anywhere in the world, making your business available to a wider audience.

The world is, in fact, at our fingertips today, thanks to the improved way of communication and cooperation across the globe.

2. Redefined Education

The integration of technology redefined the entire education system in a new light.

Learning nowadays, is more accessible, effective, and personalized, thanks to the vast resources available over the web.

Technology has crossed the border of traditional classroom culture by introducing the following:

• E-learning platforms (both free and paid)
• Educational apps
• A wealth of digital resources 
• Online collaboration tools (replacement of traditional textbooks)

Suppose, you want to take a course on blockchain certification, and it’s not available where you live.

No worries, you can easily enroll in one with an internet connection only.

That is the power of decentralized education, which allows learning without limits to transcend geographical boundaries. 

And it all happened over the past few years, credit to the continuous adaptation of technology to empower education.  

3. Maximized Business Operations

The global business landscape is always evolving and so is technology.

Thus, businesses and industries highly benefit from the latest technological innovations to optimize their operations.

Technological benefits for streamlining operations include but are not limited to automation, advanced data analytics, and cloud computing;  and they collectively accelerate business efficiency and productivity, while reducing cost per action.

Real-time data insights can boost revenue by facilitating better decision-making.

Plus, you can upscale your business growth through e-commerce, online courses, mobile apps, etc., by serving a wider range of worldwide customers 24/7.

No wonder, the global e-commerce market is predicted to hit $10 trillion market value by 2027, doubling the rate of physical retail.

4. AI Emergence 

Ever heard about ChatGPT? I am sure you have.

More like a physical assistant, it’s your virtual helper in completing tedious tasks like writing essays, making resumes, or simply giving you ideas about anything on the planet.

You don’t know how to drive a car? Need advice on the latest model of smartwatch? Ask ChatGPT.

This is how Artificial Intelligence is transforming every walk of human life by offering accuracy, acceleration, and excellence to their effort. 

Nevertheless, AI is constantly maturing with time, and therefore, gradually being integrated into healthcare, customer support, manufacturing, and more.

Thus, AI innovation has certainly changed the way we used to live before. 

5. Advancement in Healthcare 

The healthcare revolution is yet another paradigm of the importance of technology in everyday life.

By introducing advanced medical treatment, diagnostic tools, and patient care, it has transformed the entire sector effectively, availing a better life for millions.

Even better, the telemedicine platforms allow remote access to healthcare specialists regardless of your location. 

Plus, advanced imaging like MRI, CT scans, etc. allows early diagnosis and treatment of diseases, resulting in enhanced outcomes and longer lifespans for patients. 

6. Remote Work Opportunity 

Working from home was not so trendy before the COVID-19 pandemic.

Thanks to technological evolution, remote work has become a reality these days, enhancing work-life balance by eliminating commuting stress.

In fact, technology has turned work from home into work from anywhere, offering flexible working hours, thanks to its collaborative project management scope online.

However, remote work settings increased productivity to a notable extent alongside opening multiple doors for global talents. 

7. Increased Agricultural Efficiency 

Today is the era of modern farming which is way more advanced than a few decades ago.

With the application of the latest digital technology, agricultural practices are significantly evolving, aiming for reduced loss and increased efficiency. 

Innovations like robots, moisture and temperature sensors, GPS technology, aerial image, biotechnology, genetic engineering, etc. facilitate precision farming targeting the following:

• Higher food production 
• Less reliance on pesticides
• Enhanced food security and
• Minimum environmental impact (source)

8. Reforming Finance

Technological advancement has created a more accessible financial ecosystem for the underserved population by revolutionizing digital banking and mobile payment.

Nearly 1.7 billion people worldwide don’t have bank accounts, but they still can avail of saving accounts, loans, and insurance policies through mobile banking.

However, traditional banks, these days, are widely embracing customer-centric approaches; no-contact payment, mobile check deposits, and paperless billing are just a few examples of their simplified financial services.

Most importantly, the global financial landscape is gradually moving towards fintech, a groundbreaking collaboration of finance and technology to manage financial operations more effectively.

As a result, the use of digital currencies, cryptocurrency, for instance, is getting more familiar day by day.

9. Social Media Revolution

In recent years, social media has expanded like never before and we can see the outcome. 

Today, we literally cannot do without Facebook, Instagram, LinkedIn, Twitter, TikTok, and other social platforms, not only for personal but also for professional purposes.

As of April 2024, 5.07 billion people use social media all over the world.

Whether you are running an online business or looking for a job, these social channels could be an effective tool to boost your career by showcasing a powerful online presence.

However, you should strike a balance while using these platforms so as not to affect your mental health.

10. Improving Entertainment, Lifestyle, and Beyond

Last but not least, it has immensely influenced the way of entertainment compared to a few years ago.

Think about Netflix, Disney+, or Amazon Prime. These platforms certainly provide a more personalized experience for users, letting them watch their favorite shows anytime, anywhere. 

Today, you can watch a Taylor Swift live concert online without even physically being there!

Thus, by helping people save time, money, and effort, technology has blessed us with a better lifestyle as well.

Final Words 

The importance of technology, however, lies in every aspect of our life, from the time we wake up in the morning to going to bed at night.

Today, we see the world through technological lenses as it has changed our lives in every possible way.

Nevertheless, with a plethora of pluses, it also comes with possible threats to privacy, security, and social equity. 

Therefore, we must be aware of the fair use of technology to leverage its full potential ethically and responsibly.