The impact of technology on industries In day to day life, technology follows us everywhere and is a vital asset for communication and efficiency. Its existence over the past few decades has opened up a number of unprecedented beneficial avenues for both our personal lives and professional lives through creating jobs and saving money in business. Ultimately, it can certainly be argued for younger generations as well as old that technology has enriched our lives and continues to drastically improve with each decade. Alongside its clear benefits, technology is also known to grow at a pace that can be overpowering and often result in the decreasing of popularity within certain industries and possible employment decline.