Technology refers to the collection of tools that make it easier to use, create, manage and exchange information. A fashion technology company works with and builds upon the fashion universe by enabling, modifying, or enhancing some unique aspect of the industry. Central to IT auditing and to overall IT management is a strong understanding of the value, risks and controls around an organization’s technology environment.

Let’s look at a simple example in Transportation technology, this technology has evolved with years, we used to use steam powered trains now those have been replaced by electronic trains which move faster than steam trains. Definition: A shortcoming or imperfection in software code, design, architecture, or deployment that, under proper conditions, could become a vulnerability or contribute to the introduction of vulnerabilities.Definition of Technology

Definition: A man-made threat achieved through exploitation of the information and communications technology (ICT) system’s supply chain, including acquisition processes. Technology is used to build theaters, it is used to create video games, to develop musical systems and so much more.

Since technology can be so simple or so complex, there are many types of technology. In the case of Heidegger, in particular, the paramount position of technology in modern society is a symptom of something more fundamental, namely a wrongheaded attitude towards Being which has been in the making for almost 25 centuries.Definition of Technology

The second approach Nye describes is the contextual approach in which, every technology is deeply embedded in a continual (re)construction of the world (Nye, 2007, p. 61). Technology is basically human knowledge that is used to create products and artifacts with the help of innovative tools, systems and materials.Definition of Technology