Many trends are shaping the US tech industry. These trends have an outsized effect on the US economy and will continue for years. We’re seeing an increased reliance on automation and an increase in mergers and acquisitions. But these are not the only trends that are changing the landscape. Here are some of the top tech trends impacting the US tech industry today.
1. The Rise of Automation and AI
The increase in automation is one of the biggest trends shaping the US tech industry right now. Companies are turning to automation to cut costs and improve efficiency. And while this may be great for companies, it does mean that some positions may no longer be needed or available for workers.
2. The Rise of Mergers and Acquisitions
2017 was a record-breaking year for mergers and acquisitions. There were over $3.9 trillion in deals. M&As are on the rise, and they continue to show no signs of slowing down in 2018. Mergers and acquisitions are a key trend that is helping to shape the US tech industry right now.
3. Decreasing Number of Full-time Workers
Full-time workers are less plentiful than they used to be. There has been a large increase in the number of part-time workers. As a result, there is a decrease in full-time workers. This is another trend that may be contributing to the increase in automation in the US.
4. Increasing Use of Cloud Computing
Serious tech issues such as data breaches and hacking have become more common over time as technology advances quickly and give companies more security breaches opportunities. Companies have made cloud computing a permanent fixture in their tech strategies. Companies are increasingly using cloud computing as an alternative to more traditional technology.
5. The Rise of the Biotech Industry
Biotech is on the rise, and it will continue to do so in the coming years. The biotech industry has been growing exponentially over the last several years. Biotech companies can treat many diseases, and many companies offer services related to biotech research. As the industry grows and matures, this will continue to be a key trend shaping the US tech industry.
6. The Rise of Innovation Hubs
Many innovation hubs continue to grow and emerge, even though start-up activity has slowed in recent years. There are many reasons for this, including increasing mergers and acquisitions. The number of innovation hubs is likely to keep growing in years to come. This will allow companies to continue innovating at an exponential rate.
Dil Bole Oberoi
