industryI

IndustryI is a notional label used in some economic analyses to describe the information-intensive portion of the modern economy. It denotes a cluster of activities and firms that rely on knowledge-based assets, digital platforms, and data-intensive processes. The term is not a formal industry classification, but a framework for studying how information technology and related services drive value creation across sectors.

Scope and components: IndustryI typically includes software development, data analytics, cloud computing, artificial intelligence and machine learning, cybersecurity, digital media, e-commerce platforms, telecommunications, electronics hardware, Internet of Things, and research and development activities that turn ideas into scalable digital products and services.

Economic characteristics: Firms in IndustryI tend to be capital-intensive in terms of intangible assets such as software, algorithms, and data; employment skews toward high-skilled workers; productivity gains arise from automation, rapid innovation, and network effects. Global value chains often center on digital platforms and cross-border data flows.

Trends and challenges: Growth is driven by digital transformation and the expansion of cloud services. Challenges include talent shortages, data privacy and security concerns, regulatory scrutiny, competition and platform dynamics, and geopolitical tensions affecting cross-border data and supply chains.

Measurement and policy: Because assets are largely intangible, standard metrics can be inconsistent. Analysts commonly use R&D intensity, software and capital expenditure, data-related assets, and digital services revenue. Policy implications include investing in digital infrastructure, education, data governance, and fair competition in platform-based markets.

See also: Industry 4.0, information economy, digital economy.