Technology helped many people to learn about the easiest way that they should do new things. Different areas of life has been improved, the education has been improved because of the technology process with advanced computer. Students can get access to international learning materials without having to leave their classes. Agriculture process that needed many people now has been automated and only few people can finish the work faster. Because of machines and computers, medical discoveries are being found out faster than ever. Medical education is also more intense now.
The cost efficiency of the technology has the advantages and disadvantages at a certain level.
Technology has shown new ways that people can do things and the machine have more output than people. This helps the business to save more and they can invest into other business and this contributes to the growth of economy. But it has also affected many areas of life negatively. People now depend on the technology and computers for everything they do. A person stops to work at once when the computer crashed and he will not be productive anymore until the problem has been solved. This dependency makes people less self reliant.
The technology has made people to have no value. The computer and other machines have automated almost every process and they do the work of 10 people. As computers and machines become advanced, many people will lose their job and this will impact them different places of life.
With technology, most businesses now rely on the internet for their everyday work. However, with everything done online including the sales, some people think that impersonal level of the business and some people may not be satisfied as it was before by dealing with people face to face.
However, the benefits offered by the technology outweigh the disadvantages. People now can get the information online at once and the website of the business offer more information about their products, their services with their contact to people who are far from their stores.