Authors : Soham Pandya,
Page Nos : 11-17
Description :
All types of industries are making use of a single or a set of technologies for their operation. The term technology is derived from the Greek words: „techne‟ meaning skill or craft to make something and „logos‟ meaning knowledge. In other words, technology can be defined as combination of types of knowledge required to carryout the necessary operations for transforming the factors of production into product, the use of that knowledge or provision of services. Hence, technology implies both the physical process of transforming inputs in to desired outputs and the arrangements needed for organizing this transformation.
