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The technology industry is a collection of business models that create and capture value using technology. Most industries eventually decide that technology is their core business such that there is a race to become a technology firm before technology firms enter and dominate the industry. As such, there is an increasingly unclear line between technology firms and traditional industry. The following are business models that can currently be viewed as technology industries.
SoftwareThe development of software. This is an extremely broad industry that includes everything from lightweight mobile apps to large business systems.HardwareThe design, production and marketing of computing hardware such as CPUs, memory and storage.Cloud ServicesDelivering software and hardware as a service. InternetInternet based services in areas such as search, publishing and media.
EcommerceSelling and distributing products and services through digital channels such as web and mobile apps.Consumer ElectronicsThe design, marketing and manufacturing of consumer electronics such as a smart phone.Network services such as an internet connection.InfrastructureTechnology infrastructure such as cloud computing, edge computing and platforms for developing various types of applications and services. For example, a platform for building and delivering games or mobile apps.
RoboticsRobotics are a class of machines that are semi-autonomous meaning that they can respond and interact with their environment. These are commonly used to automate physical work such as the assembly of products.Artificial IntelligenceArtificial intelligence is a class of software that can self-improve based on learning. This isn't usually a business model but is instead a technique that is applied to diverse business problems. However, a few firms do currently offer artificial intelligence platforms that can be considered a business model based on AI.
ConsultingTechnology related consulting. This includes the outsourcing of one time activities such as projects and the use of consultants as a pool of labor.Business Process OutsourcingThe outsourcing of entire business processes such as customer service or IT service management.Information SecurityInformation security related software, services and infrastructure.
Data ProvidersData providers and aggregators such as a social media platform that sells its user data or a credit rating agency.Data PlatformsPlatforms for managing, analyzing and visualizing data that may be owned by customers. For example, an analytics platform for marketing data.DesignTechnology related design services such as web design.GamesThe production, delivery and marketing of video games.
EntertainmentDigital environments that are provided as entertainment. For example, a theme park that offers digital immersive experiences.Art, Performing Art & MusicContemporary art, performing art and music that are technology intensive. For example, an art exhibition or music performance based on holograms.MediaDigital media such as a streaming video or music service.MarketingMarketing technologies such as a digital advertising platform.EducationEducation that is delivered through digital challenges and training related to technology.Technology elements of buildings and other physical environments. For example, a building envelope that automatically adapts to conditions to help cool or heat the building.Agricultural TechnologyAgricultural technology such as a modern combine harvester. In theory, virtually every aspect of farming could be automated. For example, small robots that attack pests in place of chemical pesticides.FinanceFinance such as bank accounts, payment systems, loans and investments. InsuranceThe transfer of risk for a fee. This is technology intensive as modeling risk is a complex undertaking. Insurance is also commonly sold and distributed using digital channels.HealthcareHealthcare related systems, services and equipment. For example, the development and marketing of hospital information systems.SpaceThe space industry including aerospace manufacturing and satellite based business models.ScienceScience related products and services such as the design and manufacturing of laboratory instruments.EnergyEnergy infrastructure such as grids and advanced forms of energy production such as solar panels.IoTIoT is the integration of everyday things with the internet. This potentially makes traditional products, services and infrastructure a technology. For example, an electric bicycle that is constantly improved with software updates that also contributes to these updates by sharing data from the bicycle.FashionTechnology products that are viewed as fashion accessories or clothing that is embedded with technology.TransportationTransportation technology such as a high speed train or electric bus.Systems and technology infrastructure for cities. For example, a solar road that produces electricity and automatically reports road conditions to a traffic management system.|
| Type | | | Definition | A collection of business models that create and capture value using technology. | | Related Concepts | |
Technology Industry
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