In just the past year, the tech sector has changed enormously. This talk discusses recent trends and what it might mean not only for the tech sector, but the broader economy.
Over just the past year, the tech sector's influence has grown by leaps and bounds. An already influential sector, the changes it is introducing are astonishing. Driven by the application of AI, tech has the potential to reshape Utah's economy in ways that will lead to permanent changes in investment patterns, workforce, and government. This talk explores the most important trends reshaping the tech sector and considers what they could mean for the broader economy. As technology becomes more deeply embedded in finance, healthcare, education, manufacturing, and professional services, shifts in the tech industry will influence productivity to an enormous degree, with downwind effects on wages, business formation, and regional economic growth. The discussion will examine both the opportunities and the disruptions that may lie ahead, including how AI could change the nature of work, how investment may flow differently across sectors, and why today’s tech transformation may have consequences far beyond the companies building the tools.
