 Democratization of technology

The "democratization of technology" refers to the process by which access to technology becomes more widespread and available to a broader range of people, rather than being limited to a select few or specific groups. This trend is characterized by several key factors: 1. **Lower Costs**: The reduction of costs associated with technology tools and services makes them accessible to more people. For example, smartphones and laptops have become more affordable, enabling a larger segment of the population to utilize them.