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INFORMATION TECHNOLOGY ( IT )

Innovation is vital to businesses that want to grow . The development of new technologies is expensive and requires specialist knowledge . But while there is no guarantee that these new technologies will work , a good strategy is therefore essential .

The information technology ( IT ) sector covers most makers and providers of computer , data , and electronic equipment and services . This includes software , networking and telecommunications equipment manufacturers ; IT consultants ;

providers of internet services ; mobile phone producers ; and semiconductor manufacturers . The technology sector held up relatively well during market selling bouts in recent months , and has actually performed better than the overall market , despite the uptick in volatility . The innovation and entrepreneurial spirit that seem to affect the technology sector make industry insiders excited about its future .