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The phrase "technology advancement" is correct and usable in written English.
You can use it when discussing the rapid changes and improvements that have been made in technology. For example, "The technology advancement of smartphones has revolutionized the way we communicate."
Exact(56)
The technology advancement in the past decades has made it possible to provide technological decision-support for both executives and in the trench managers.
"Government tax breaks for solar have encouraged technology advancement," he said.
It needs greater support through financing, training programs, tax policy and technology advancement.
An accelerated cycle of technology advancement and more democratic work arrangements fuel one another.
With a few simple actions, the United States can stay at the top of the technology advancement curve.
Business groups in emerging economies frequently use international joint ventures (IJV) as a channel for knowledge acquisition and technology advancement.
Recent technology advancement drives the miniaturization of autonomous aerial vehicles to the microscale.
Similar(4)
"Medical science is the next phase of Taiwanese technology [advancement]," he says.
The effort is part of the ports' Technology Advancement Program, designed to encourage the commercialization of clean goods-movement vehicles and equipment.
NRF also has a unit called SAASTA (South African Agency for Science and Technology Advancement).
He has been awarded by the National Science and Technology Advancement Award (second prize) for twice.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com