Technology assessment is the process of evaluating the potential impacts of a new technology on society, the economy, and the environment. This evaluation helps decision-makers understand the benefits and risks associated with adopting a particular technology, ensuring informed choices are made. The assessment typically involves analyzing various factors, such as cost-effectiveness, safety, and ethical implications. It may also consider how the technology interacts with existing systems and its potential to address specific challenges, such as climate change or public health. This comprehensive approach aids in guiding policy and investment decisions.