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In gaming, Technology can have several different explanations or implementations depending on the game in question.
In the more general term, any device or weapon can be referred to under the umbrella term "Technology", although this is a general use of language rather than a term unique to games.
Empire-building games refer to Technology as waypoints that the player journeys to on a tech tree or tech web. Often, these waypoints grant access to new units, new mechanisms for gameplay, new buildings and/or new ways to harness resources, to name but a few possibilities. These may also be referred to as Technology Advances or Civilization Advances, but the meaning remains the same.