When talking about technology, we usually mean technology that is used to advance and make things easier, more efficient, faster, etc., but often times it is not necessarily clear what technology is. For instance, if someone were to ask you what technology is, do you think they would have a clear answer? Of course, unless you are a technological genius (which is very rare) most people probably would not.
Therefore, I believe it is important for a business to define itself in a way that makes it distinct from other businesses. For example, a tech company could be a consulting firm that develops software, digital media, Internet solutions, and other technology. But it could also be a venture capital firm that goes after companies that develop new technologies.
It seems that there is a tendency among younger generations to see technology as something that exists today, rather than something that was developed decades ago. As such, many older generations are turning to entrepreneurs or startups when they need help with their business. This has lead to a significant increase in technology company startups over the last few years, as many young people want to start their own tech company to avoid working for an old company where they feel that they have been “used.” But is there really a difference between an old company and a startup? Hopefully, we will soon find out.