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Kerala PSC » Kerala PSC Study Materials » Science and Technology » TECHNOLOGY
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TECHNOLOGY

Technology is the implementation of scientific understanding into the practical utilisation of an individual's life as a tool to improve human existence.

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Technology is the amalgamation of skills, processes, techniques, methods utilised for the production of services and goods or the attainment of objectives like science investigation. Technology can incorporate the learning of techniques and use them for the production of services through its inputs and obtaining the desired outcome on implementation of the technology. Technology does not confine itself in the field of science only but technology has expanded in fields of manufacturing, electrical, informational, transportation, medical and energy. The importance of technology lies in the fact that it aids in daily life work, which includes the exchange of information and boosting development by improvised tools. 

Technology: Overview

The term technology is coined as the definition of knowledge or science to avail it into realistic use to invent functional tools or aid in solving any problems. The biggest example of technology in this generation is the Internet. Technology is a part and parcel of one’s life, everything that has some application has technology involved in it, from electricity to washing clothes, running a business or even in the medical field. The importance of technology cannot be denied and its presence makes lives easier.  

Information technology: Overview 

Information technology is the operational function of commuters for processing, creating, storing, exchanging, retrieving all sorts of data and electrical information. A simple example of information technology can be listed as cloud computing. The primary functioning of IT (Information Technology) involves assisting to grow and build the business sector and commerce for generating large possible outputs. Information technology is very useful for the business developers as it assists them through providing electronic security, efficient communication and storage. The IT sector has created a greater influence on the daily lives of an individual, which incorporates banking, shopping, learning and health care. 

Osmose technology private limited: Discussion

Osmose Technology private limited is a private company that is unlisted in the market. The Osmose technology private IT Company that is involved in maintenance and development and not restricted to software, technology, website, web-based application. The company has a share capital of Rs. 5, 00,000 while the paid-up capital is 10, 00,000. 

Clean science and technology share price: Discussion

Clean science and technology is the biggest manufacturer of the particular chosen chemical catering for the pharma market and agro. It can be analysed from the understanding of the share market that the investment should be made in the share market when the target is clear and in the case of Clean science and technology their target market share is very clear of Rs. 2020. While the recent share market price of clean and technology is Rs. 1560, thus it can be concluded that the company is debt-free and has beneficial interest coverage of the ratio 820.91. 

Relation between technology and science: Discussion

The prior aim of technology is to invent something new and useful that can be utilised for solving problems within the society and improving human lives. The relationship between technology and science is an indispensable part that encompasses technology, science and its interconnection. It is the learning of behaviour and nature of the natural and physical attributes of the world through the process of the scientific method. The basic connection between science and technology is that science elaborates the learning of system works like technology makes wise use of that scientific learning in designing something new for the help of business or mankind, in general. 

Conclusion 

In context to the study, technology is termed as the implementation of scientific understanding and putting it to work for practical use. Through this course of the study, the great significance of information technology is also noticed. This study also covers the largest manufacturing company clean science and technology along with the working of its share prices in the market. The purpose of the study is to help analyse the use and progression of technology and science in the daily world of human life. It even highlights Osmose technology private limited that clearly defines the utilisation of science for the enhancement of the business growth. 

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