Technological change refers to changes in technology that affect how people work or live. Technological change occurs for many reasons, ranging from personal preferences to new scientific discoveries. Technological change occurs for businesses large and small, as well as for the public at large. Technological change is characterized by new machines, tools, and other devices that make life easier or more convenient, often with a minimal increase in cost.
There are many categories that fall under the realm of technology, including computer technology, information technology, and healthcare technology. Within these broad categories there are subcategories, including personal computers, laptops, mobile phones, electronic entertainment systems, high-tech medical devices, computer software, and the Internet. The categories further include technological innovations in different areas such as education, business, communications, transportation, manufacturing, government, technology products, and technology companies.
Some of the largest companies in the world are named after products or services that were developed by tech companies. Apple Computers was started by Steve Jobs, who was a radical fringe figure disrupting the personal computer industry. He was not only innovative in personal computers but also in marketing and business. One of the most successful tech companies, Cisco Systems, was founded by two men named Bruce Karr and John Grace. Cisco is one of the most dominant companies in all of IT, having created many new personal computer technology products.