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The information technology industry (IT industry) includes individuals and companies that are involved in the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by computing and or telecommunications.
"The information technology (IT) industry has evolved greatly over the last half century. Continued, exponential progress in processing power and memory capacity has made IT hardware not only faster but also smaller, lighter, cheaper, and easier to use. The original IT industry has also increasingly converged with the communications industry into a combined sector commonly called information and communications technology (ICT). This technology is ubiquitous and increasingly integral to almost every facet of modern society. ICT devices and components are generally interdependent, and disruption of one may affect many others."