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
Imagine knowing the outcome of potential situations before committing to a decision. Now imagine having this test scenario in the business world. Digital twin technology can solve precisely that. Companies worldwide are already developing and utilizing this technology to enhance processes, supply chains, facility management, and other areas.
ChatGPT: Have you heard of it? If not, you may be in the minority of readers, as this new technology is sweeping headlines and business meetings. And now, it may have disrupted the tech industry entirely, with some companies feeling a little more nervous than others.
- SelectUSA (Date Accessed: 6/1/2017)