Introduction Technology is becoming an integral part of economies and private lives worldwide. Hardly can individuals, communities, and nations, especially developed ones, can carry their daily lives without making use of certain high-performance technologies (Byrnie, 2008, p. 256). This increased adaptation has affected societies in many different ways, most of which are beneficial and others that are harmful to the very societies that benefited from global technological advancements. To caution individuals and communities against any bad use that could result to harm, it is vital for societies, especially the leadership to consider regulating the use of technologies. This is the only way to ensure that technological advancements are used to only foster progress and not cause harm to the users. As a contribution to the debate, this essay will focus on the advantages of technology and several disadvantages that should be addressed by authorities or industrial organizations. A subsequent section of the paper shall reiterate several important points. Advantages The advancement in communication technologies has provided many people in the world with the ability to communicate with their peers worldwide. Indeed, communication technology has succeeded in opening up regions that had completely been locked from the rest of the world (Welfens, 1999, p 198). The entry of internet technology is the one that has helped communications to improve dramatically. This is because of the ease of using the technology and the little cost faced by users. Technology has also helped in alleviating millions of people from poverty. For instance, the outsourcing industry in Asia, especially India has resulted in millions of job opportunities for individuals who would otherwise be destitute or working in lesser paying jobs. Because of the internet, companies in the western world have been able to concentrate on processes that are in line with their keys strengths while outsourcing other services to companies based in other countries (Brudenall, 2005, p. 188). The internet and communication technology have made it possible for people all over the world to increase trade with each other, a situation that is benefiting all people equally. For instance, websites like eBay and Amazon have created portals where consumers can order goods from virtually most developed nations. For instance, a student in the United States can buy textbooks at a cheaper price from the seller in places like Hong Kong. This is an opportunity that was not experienced by people just a decade ago. Other sites like Paypal have enabled individuals to establish virtual accounts that can be used in many trading all over the world. With such an account, individuals do not have to fear using their credit and debit cards in online shopping, all because technology has made it possible. In the medical field, technological breakthroughs have made it possible to cure diseases that were historically considered incurable (Satava, 1995, p. 459). In addition, the ever-improvising medical technological research is leading to a position where diseases that are currently considered incurable would be brought under control. Stem cell research will for instance make it possi