Why modern technology is important?

This is a very good question. Any production function is directly depends on Labor (available manpower) and Capital (Land, machinery and financial resources) and use of modern technology to influence the productivity of labor and capital. 

Use of modern technology influence productivity of labor (skilled manpower, better production process, automation etc.). Similarly, use of technology influence the productivity of capital (use of efficient machinery/technology, efficient use of financial resources and efficient use of land resources). 

So, technology is most important to iincrease the production to produce enough goods and services available to the consumers at lower cost

Globalization  is  the evident that technology touches each and every facet of our lives. Be it management of employees and inventories, searching answers to complex problems, or facilitating the lives of the sick and disabled, technology has magnificently enhanced the quality of life and also boosted the economy of the world.

Importance of Technology in Business

Technology has also helped small businesses evolve and expand quickly. The use of social networking, video conferencing, virtual office tools and other such techniques have removed all boundaries, which, in the past, prevented growth. Thanks to technology; businesses, small and large, can reach a wider customer base and grow and expand. 

Business technology has helped improve communication. Today, workers are not limited to phone calls alone; they can send emails and messages without the fear of interrupting the recipient. Mobile technology has also helped workers communicate ‘on the go’. Information is not limited to one or two channels, but multiple and faster ones.

In general, the efficiency of the workforce has also increased. Employers are able to screen, recruit and hire potential candidates quickly; they are also able to inform about vacancies to larger number of applicants. Personality and IQ assessment tools have also been made available to employers and these make the screening process a lot smoother and streamlined. Digital filing has helped improve the organization and efficiency in the workplace. Printing costs, paper consumption and space can all be saved thanks to electronic filing systems.

Perhaps the greatest advantage of technology for businesses is the elimination of wastage of time and money. Thanks to videoconferencing and Internet, travel costs can be drastically cut down. A business can set up its presence across the Globe at a fraction of the cost required in the past.

I fully agree with Ms.Ghada and Mr.Fazlur answers.

Technology is important because it simplifies operational procedures.

http://science.opposingviews.com/importance-modern-technology-2077.html

I agree with the rest answer

Full Agree with Twice Expert above

Modern technology has changed civilization in many different ways. Humans have almost always been on a path of progression, but thanks to technology, the twentieth and twenty-first centuries have seen a number of advancements that revolutionized the way people work, live and play. Imagining what life would be like without some of these advancements has become a difficult task due to their importance and our reliance on them.Communication

One of the areas where modern technology is most important is in the realm of communication. Long ago, communicating with people outside your immediate location was a difficult process, requiring communication by physical letter and a lot of patience. The Internet has made long distances almost transparent, allowing users to correspond with people on the other side of the planet in an instant. Technology has also increased our connectivity, with cell phones and other devices providing an always-on link to the global communication network.

Another area where computers and the Internet have become extremely important is in education. Computers can store large amounts of data in a very small space, reducing entire shelves of reference books down to a single CD of data. The Internet also serves as a massive resource for learning, linking informational sites together and allowing the curious to search for almost any topic imaginable. A single computer could store hundreds of educational games, audio and visual lessons as well as provide access to a wealth of knowledge for students. In the classroom, virtual whiteboards can replace blackboards, allowing teachers to provide interactive content for students and play educational films without the need to set up a projector.

Technology has also had significant effects on the health care industry. Advancements in diagnostic tools allow doctors to identify diseases and conditions early, increasing the chances of a successful treatment and saving lives. Advancements in medicines and vaccines have also proven extremely effective, nearly eradicating diseases like measles, diphtheria and smallpox that once caused massive epidemics. Modern medicine also allows patients to manage chronic conditions that were once debilitating and life-threatening, such as diabetes and hypertension. Technological advancements in medicine have also helped extend lifespans and improve quality of life for people worldwide.

Technology has also vastly increased productivity. The ability of computers to solve complex mathematical equations allows them to speed up any task requiring measurement or other calculations. Computer modeling of physical effects can save time and money in any manufacturing situation, giving engineers the ability to simulate structures, vehicles or materials to provide primary data on performance before prototyping. Even in the office environment, the ability of networked computers to share and manipulate data can speed a wide variety of tasks, allowing employees to work together efficiently for maximum productivity.