Our lives are intricately intertwined with technology. Whether it’s at a desk or in the field, most of us are daily technology users. We use mobile apps to order food or catch a ride. Realize you forgot to lock your car but you’re already seven blocks away? Yep, there’s even an app for that. And those are just the more basic day to day uses of technology (did you know earbuds that translate other languages in near real-time are currently in the works?).
So it comes as no surprise that the technology industry is one of the fastest growing industries. In fact, it’s expected to reach $5 trillion this year, with the United States representing 31% of the total. It’s projected to keep growing, too. Conventionally, the tech industry is subdivided into five categories: hardware/software/services, telecom services, devices/infrastructure, IT/business services, and emerging technologies.Each of these categories comes with its own set of terms and figures. With all this variety and growth, there are new technologies and buzzwords being introduced so often that it can be hard to keep up so we’re breaking down some of the buzzwords you’ll hear us frequently use:
The more you know...
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