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The information economy is a broad term for any industry that primarily generates and captures value from data, information technology or knowledge. The following are illustrative examples.HardwareHardware for processing, storing and transmitting information such as data storage devices.
SoftwareThe software industry produces systems and applications that automate work or provide tools for users.PlatformsPlatforms for developing and operating software such as a cloud computing platform.Consumer ServicesInformation technology based consumer services such a cloud storage app.
Business ServicesBusiness services that are information intensive such as business process outsourcing.ConsultingOffering knowledge work for a fee.Information InfrastructureInformation infrastructure such as telecom networks.Facilities for computing infrastructure.
Information SecurityServices, consulting and hardware related to information security.Data ServicesData services such as a market data provider.Creative IndustryElements of the creative industry that produce knowledge artifacts such as designs.
Digital ProductsDigital products such as an ebook.Physical manifestations of computing that are typically used to automate work.Digital AdvertisingServices that allow advertisers to reach a target audience through digital channels.Financial ServicesFinancial services are largely based on information technology as physical locations and physical financial instruments such as paper money become less common.
Medical SystemsMedical systems and equipment based on information technology.MarketsDigital markets such as a stock market.Research & DevelopmentThe production of unique knowledge.Competitive IntelligenceCompetitive intelligence such as a service that provides data regarding solar industry procurement, deals and prices.
Intellectual PropertyThe production of intellectual property such as a book or patent.Information services provided by a government such as a government department that produces a wide variety of data and statistics.Reputation SystemsReputation systems are information sources that rate the reputation of entities such as a credit rating agency or restaurant review app.The production and distribution of news, entertainment, art, cultural productions and documentaries.Digital tools that allow anyone to publish messages to the world.A broad term for economic activity centered around the production of knowledge. For example, a firm that produces engineering designs.Video GamesThe creation and operation of entertaining virtual environments and immersive experiences.Virtual EconomyMarkets for things that do not physically exist such as digital elements of a game.Digital ExperiencesCustomer experiences based on digital technologies such as a ride at a theme park based on augmented reality.The integration of the real world with digital entities. For example, a digital twin that can be used to diagnose problems with a jet engine in flight.|
| Type | | | Definition | Any industry that generates most of its value from data, information technology or knowledge. | | Related Concepts | |
Information Economy
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