How the Tech Industry is Driving the US Economy By Justin Franciscotty

1. How the Tech Industry is Driving the US Economy By Justin Franciscotty With over 20 years of experience, Justin Franciscotty brings your company proven success in the market and the tech industry. According to Justin, The industrialized world has long been driven primarily by technology, and the Fourth Industrial Revolution is currently being fuelled by digital technologies. Live streaming, big data analytics, 5G, block chain, artificial intelligence, and the Internet of Things are all becoming more and more crucial to business and people’s daily existence. In almost every area of technology, the US is the global champion. The largest modern tech firms are drawn to hubs like Silicon Valley, and the sector has grown to be a significant driver of the US economy thanks to favorable tax and regulatory environments.

2. Over 50% of congressional districts receive at least $50 million in federal research and development funding, there are about 400 high-tech firms, and there are about 3,400 employment per congressional district in the US. High-tech accounts for about 29% of manufacturing exports to local economies. The underpinnings of America’s worldwide dominance were about to be shattered under the previous administration, but largely to the power of the tech sector, it has held strong. These are the industries that are still driving the US economy. Entertainment media tech : Over the past few years, entertainment has been forced to become technologically focused, and over the next two years, both new and established technologies will continue to advance. The Deloitte Media Technology document explains how customer involvement in entertainment will change as video streaming shifts from being subscriber count focused to becoming lifetime focused. However, online gambling, which has been around for a while in Europe, is one of the greatest newcomers to the US economy. States can now designate their own regulated online gaming spaces, and Delaware, Nevada, New Jersey, and Pennsylvania have all welcomed online casino entertainment platforms since the regulation change in 2018. Play is now permitted in the US on platforms like the Betway Online Casino. more

3. Big data tech and AI : Software is required to compile and interpret all of the data in a world controlled by applications and services that can and will continuously gather information about people’s specifics, preferences, and behaviors. Big data is therefore becoming increasingly important in the commercial world. In fact, Wired’s Big Data analysis suggests that using the technology in slow-growing regions of the world can hasten economic growth since it is already a huge force in the industrialized world. Apple’s Siri Assistant is one of the most prevalent examples of the technology in use; it uses voice recognition to gather data and enhance the product so that it is then better at detecting speech, with big data fueling this process. One of the more prevalent instances of big data being used in customer-facing applications is Siri and voice-recognition technology. Big data is being utilized to its fullest potential by the profitable and growing internet advertising sector as well as marketing firms that fork out large sums to have data processed using big data. According to a recent projection by the McKinsey Global Institute, big data could add $3 trillion in value across just seven industries, with the US benefiting by $1.3 trillion. Artificial intelligence is a key component of technology that complements big data. It is employed widely, particularly in Asian Health Care. Big data can increase the effectiveness of AI applications. According to Notified’s Globe Newswire, the AI market is anticipated to reach $360 billion by 2028. US big data and AI businesses including iTechArt, Science Soft, Uptake, and Aurora Innovation are well- positioned to lead this vital and profitable industry.