The technological innovation has always provided the humanity with the sudden advancement that has always served as the path for progressive developments. To some extent, some business technologies can make a small company look like a big company, and this can help a small business gain position in a competitive market. Technology is often considered too narrowly; according to Hughes, “Technology is a creative process involving human ingenuity”.
Technology (“science of craft”, from Greek τέχνη, techne, “art, skill, cunning of hand”; and -λογία, -logia 2 ) is the sum of techniques , skills , methods , and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation Technology can be the knowledge of techniques, processes, and the like, or it can be embedded in machines to allow for operation without detailed knowledge of their workings.
Business managers can use technology to easily allocate work to specific employees on time. It prepares students for technical working environments: Students are taught how to use computers and various technological tools which can be of great benefit when they complete school and start applying for jobs.
Technology accelerates innovation: The only way small businesses can succeed in today’s competitive world is by using technology to create new products or services. Big financial institutions like banks use information technology to operate their entire businesses as well as serve their customers.
Since expert humans that can accurately label data are a scarce resource and labeling is often the most time-consuming activity in the machine-learning workflow, semi-supervised techniques lower the cost of training and make machine learning feasible for a new class of users.