Cloud Computing Services
A relatively new segment, cloud computing is the practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server or a personal computer.
Companies in this particular segment design and publish software to conduct business-to-business and business-to-consumer transactions through the Internet and other computer networks.
Companies in this segment create video games and other entertainment software. Major products include items such as console software, handheld games, smartphone applications, and personal computer games.
The Technology industry is Highly Concentrated. The production in this industry is dominated by a small amount of large firms that are able to shape the industry’s direction and price levels.
Primary Demand Drivers
- Rapid technological advances, but spending depends on the health of the domestic economy
- Technical expertise
- Innovative services
- Effective marketing
From the Blog
A unique digital asset. The definition of a nonfungible token (NFT) may be simple in writing, but its applications stem to far-reaching uses that encompass a plethora of opportunities. In its essence, nonfungible means the token can’t be exchanged for another thing of equal value and each token is an entirely original and unique piece. An NFT could be an entirely blockchain-originating image. This same image could have an exact duplicate that is a completely different NFT because of its varied blockchain code. On April 16th, 2021, a single NFT created by the infamous whistleblower, Edward Snowden, sold for 5.4 million dollars. So what are these new digital assets, and how are they being used in the global business world?
What Are Intellectual Property Rights
Intellectual property rights (IP) are legal rights that protect creators’ inventions, creations, developments, etc. There are four types different types of IP: patents, trademarks, copyrights, and trade secrets. IP can differ from country to country, so it is important to be aware of local IP laws and enforcement.
- SelectUSA (Date Accessed: 6/1/2017)