Overview

The term "information industry" is mostly identified with computer programming, system design, telecommunications, and others. Some services, such as legal services, banking, insurance, computer programming, data processing, testing, and market research, utilizes processing of information which is offer to expertise in making decisions on behalf of clients. These kinds of service industries can be regarded as an information-intensive part of various industries that is externalized and specialized.The information industry is a rapidly growing part of economy.

The demand for information goods and services from consumers is increasing. In the case of businesses, information industries include computer programming, system design, finance, insurance, and real estate industries, telecommunications, and others. The demand for these industries is growing rapidly both nationally and internationally. Information industries are considered to boost innovation and productivity of other industries. An economy with a strong information industry might be a more competitive one than others. As information becomes the central part of our economic activities we evolve into an "information society", with an increased role of mass media, digital technologies, and other mediated information in our daily life, leisure activities, social life, work, politics, education, art, and many other aspects of society.