Technological resources are systems and tools required to effectively produce or create a product or service. These include energy, information, people, tools, machines, capital and time. Technological resources aid production processes and service delivery in companies and organizations.
The most important resource of technology is people. Without them, no product would be formed, and no service would be delivered. People develop tools and machines, which are used in production such as software and hardware. Their innovative tools increase the end user’s convenience and drive development, construction, delivery and purpose.
Energy is another one of the most important technological resources. Most forms of technology rely on energy for power. Machines driven by energy are an invaluable resource in industries that rely on continuous and mass production. Moreover, energy is used in households and businesses to power various necessities and conveniences.
Information is also an important technological resource. Introduction of highly efficient technological devices has resulted in increased information sharing across the globe. Many people can access updated and accurate information using various devices such as cellphones and computers. As such, people have greater access to more information. Furthermore, computers provide a safe and economical storage of information for companies, organizations and individuals.
Advancement in technology has seen the introduction of highly sophisticated tools and machines. For example, car manufacturers have introduced robots in their manufacturing and assembly lines. This has reduced the turnover time for a new car, leading to increased production and sales in some companies. Increased capital is important; it is required to purchase the resources that are required for production. Examples of capital include money, land and equipment.
Time is an additional resource important to technology. It determines quantity of production and the volume of labor required. Proper coordination of technological resources helps an organization or company to create products and deliver services efficiently and effectively.