There’s something about the tech industry that seems to foster rapid and exciting economic growth. Whether it was the Dot-Com boom of the 1990s, or the rise of social media in the 2000s, there always seems to be someone profiting off of technological progress.

The following infographic will show you an amazing contrast. Even companies we think of as being highly profitable, like sports shoe corporations or fast food conglomerates, collect money at a rate that pales in comparison to popular websites and services like Instagram and Twitter. What this suggests, perhaps, is that we as a society are moving more and more towards relying on companies that find unique and productive ways to help make our technology more effective and enjoyable to use on a daily basis.

There’s no better time to get involved in the tech industry in some fashion, as there’s no question that it is (and will continue to be) a highly lucrative field. Perhaps you will be the person to create the next Facebook, YouTube, or Instagram. Who knows, maybe we’ll be adding your company to the infographic below in the future!

Featured photo credit: Mark Zuckerberg/ TechCrunch via flickr.com

Technology has taken a vantage leap in providing solutions for man. Before now, technology used to appear complex and would require a great deal of expertise to handle solutions available. Today, we have technology applicable in the simplest human activities as smart products with intelligent algorithms powering them as they make error-free judgments and provide intelligent and analytic solutions.

Does technology have all the answers?

This article from Credit Suisse, tells us that technology does not have all the answers because it has been found to exhibit “similar biases,” as humans. No one can discredit the impact of technology, but it is not totally free of human input and this is the reason we experience these biases in many areas we have technology holding foot.

Creating technological solutions transparently

This article suggests that the process of creating technological solutions be made transparent and subject to contribution from many people who would end up as users of the product – male, female, young, old, learned, unlearned and all other preferences as we have them. It also underscores the importance of having women on product development teams. This approach is not sure to eliminate all forms of bias, but it is a good way to start in order to appraise the full benefits of technology.

Technology as the connecting tool

Technology so far has been a major connecting tool amongst us humans. It is used and appreciated by all regardless of race, language and sex. In order to keep it less subjective to these arguments about human biases. I believe we should gather opinions on products and solutions before making them available to the public. This could be done by gathering input from intended target users and receiving feedback across the stages of production.

“Recognizing the problem is a start…success will depend on inclusive technologies that meet this vast untapped market.” This cannot be more apt especially at a time when we look up to technology for solutions. We should not muzzle our progress with technology by battling algorithm bias. The first way to avoid this battle is by reading this article here.