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What is an information technology industry?

An information technology industry, or IT industry, is any business model based on the collection, processing, distribution and use of information. Most industries use information technology to a significant extent. At some point, an old industry becomes so technology intensive that it begins to resemble an IT industry.

What is information industry?

The information industry or information industries are industries that are information intensive in one way or the other. It is considered one of the most important economic branches for a variety of reasons. There are many different kinds of information industries, and many different ways to classify them.

What are the functions of the information industry?

The functions of the information industry can be separated broadly into four categories: production, processing, distribution, and the building of infrastructure. Many of the producers of information fall outside the bounds of the information industry proper; these include authors, illustrators, inventors, and so on.

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