The Effect of Technology on Efficiency and Productivity

The impact of technology on efficiency and productivity is not about completely replacing human capabilities but rather about automating repetitive and data-intensive tasks. Even though technology may not perform tasks at the level of human expertise, its ability to handle these tasks at minimal cost and time still disrupts and raises the standard for efficiency. As seen with the transition to digital word processing, individuals had to adapt and learn new skills to remain competitive in the workforce. The introduction of technology changed the baseline for efficiency, forcing individuals to either adapt or risk being left behind.