4 Interesting Facts About the IT Industry

information and ommunication technology

The Information Technology industry is a much maligned, but hugely important sector. Our world simply wouldn’t be the same without it: our businesses wouldn’t be efficient, we wouldn’t have social networking sites, mobile phones or the very laptop I imagine you are reading this article on.

Information Technology is all around us. It dictates our lives and our livelihoods. It certainly wasn’t always this way. How on earth did we get here? What does the future hold?

Here are a few things you might not have known about the IT industry:

The World Wide Web was a Quantum Shift

The World Wide Web – often incorrectly called the Internet – ushered in the age of Information Technology. Invented by Tim Berners-Lee in 1989, it was a system that allowed computers to form networks and share information. Now, of course, it shapes our lives. We work, play, relax and fall in love on the World Wide Web.

With our cultural reliance upon the World Wide Web being so intense, we have undoubtably come to accept Information Technology as being a defining feature of our lives – whether we like it or not

The IT Support Industry Has Changed Beyond Recognition

You might recall having a problem with your computer at work in the 1990s. Typically, it would go like this: you ring up a tired sounding dungeon dweller, they reluctantly sidle their way upstairs, they potentially fix your issue.

Things have changed. The prevalence of Information Technology in business means that IT support is now hugely client focused. Many industries rely upon remote or managed IT support and consultancy networks. Specialists like HERO Managed Services LLC in Tampa Florida typically cover all of an organisation’s IT needs without requiring companies to hire permanent IT staff.

It is Absolutely Massive

The global technology market is awe-inspiringly huge. According to Statista, $3360 billion was spent in the technology market in 2019 alone. Around 2.6 million people are employed in the industry, making it a sizable part of the global economy. It doesn’t look like the IT industry’s role in the global economy will shrink any time soon. Our increasing reliance upon digital products and application software are making quite sure of that!

The Rise of the Machines is Upon Us!

At the mention of the phrase ‘Artificial Intelligence’, you might imagine a dark future in which human kind has been subjugated by chromium computer overlords. Never fear! The IT applications of artificial intelligence are, on the large part, far more mundane. Science Daily reports that ‘Deep Learning’ could start to bring everyday objects into the ‘Internet of Things’.

In a nutshell, this means that household appliances could be networked together, ‘learning’ using artificial intelligence. Want a more efficient central heating system for your home? A thermostat that learns could consistently assess conditions and develop a climate friendly heating regimen for your home.

The IT industry is key to developing useful applications for artificial intelligence. Information Technology drives the creation of machine learning codes – the core of any realistic Artificial Intelligence.

FAQ

How much money is spent on technology?

The global technology market is awe-inspiringly huge. According to Statista, $3360 billion was spent in the technology market in 2019 alone. Around 2.6 million people are employed in the industry, making it a sizable part of the global economy. It doesn’t look like the IT industry’s role in the global economy will shrink any time soon. Our increasing reliance upon digital products and application software are making quite sure of that!

Additional Resources:

Computer Vision

Deep Learning

Robots

DuckDuckGo

Ecosia

Bitcoin

Tezos

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