Tech industry

Definition

The tech industry encompasses companies and organizations involved in developing, manufacturing, and selling technological products or services. It includes sectors like software development, hardware manufacturing, telecommunications, and internet services.

Related terms

Start-up: A start-up is a newly established company with an innovative idea or product in the tech industry. They often seek funding from investors to grow their business.

Artificial intelligence (AI): AI refers to computer systems that can perform tasks that would typically require human intelligence. Examples include voice assistants like Siri or self-driving cars.

E-commerce: E-commerce stands for electronic commerce and involves buying and selling goods or services over the internet. Online shopping platforms like Amazon are part of this sector.