The technology industry encompasses businesses that are committed to the research, development, and distribution of technologically-based goods and services. These can include those specializing in software and hardware engineering, cybersecurity, artificial intelligence, telecommunications, and cloud computing. It is considered perhaps the most rapidly evolving and innovative industry, offering various products and services for consumers and businesses.

 

Consumer goods like personal computers, mobile devices, wearable technology, appliances, and more are always improving and being sold to consumers with new features. And on the business side, companies utilize innovations from the technology sector to create their software, manage their logistics systems, and generally provide services that allow them to make strategic decisions.

 

More recently, breakthroughs in artificial intelligence have transformed the tech industry and lives of billions globally. AI technologies are being incorporated into existing applications to enhance the user experience, and millions of jobs are projected to be both created and destroyed by its dissemination.