THE EVOLUTION OF THE ICT INDUSTRY AND IMPLICATIONS FOR THE GLOBAL ECONOMY

Abstract

The evolution of the ICT sector in recent years has had a major impact on the way we run businesses, produce value and interact with other people. New technologies have opened new markets in which more and more global giants have emerged. The ICT sector has grown both as an independent market (as added value in the economy) but also as working tools that have considerably increased labor productivity globally. In addition, we see that new technologies not only provide us with the best tools to practice our skills at work, but also shape the lifestyle for most of the population.