Final answer:
The interaction of technology, people, and processes in technology decisions and implementation is known as the sociotechnical system. It considers the complex interactions between automated systems and human decision-making in a work environment.
Step-by-step explanation:
In the context of technology decisions and implementation, the interaction of technology, people, and processes is referred to as the sociotechnical system. This concept encompasses includes human-software interactions in complex automated systems, focusing on the decision-making processes of workers as they are supported by software systems. It addresses the dynamics between technology's role in production and the human element, reflecting the changes in how work is organized as automation becomes more prevalent. Firms must continuously navigate how to combine labor and physical capital in ways that maximize efficiency and minimize costs, which often involves deciding between various levels of technological automation and human labor input. As technological advancements emerge, companies adapt and reinvent their processes and roles to stay competitive.