A tech giant is a company that dominates its industry’s digital landscape in terms of revenue, market share and influence. Examples include Amazon, Google, Apple, and Microsoft. These top IT corporations are able to dominate their industry because of their deep understanding of consumer demands and ability to deliver products that meet those needs.
Many of these tech giants have built a strong reputation for offering a great working environment, enticing employees to work for them. They know that happy employees translate into a stronger bottom line, which is why they are constantly striving to offer exceptional benefits and perks in order to lure talent.
These companies’ power lies in their platform model, which connects suppliers to consumers. Whether it’s advertisers to social media or search engine users, app developers to device owners or vendors to online shoppers, these tech giants have a dominant position in their respective markets.
Moreover, these companies have an impressive list of acquisitions. For example, Google’s parent company Alphabet owns a massive portfolio of popular platforms, including YouTube and Maps, while also controlling a significant portion of the internet’s ad space.
Tech giants often start out as a small business with a single, brilliant idea. This could be the invention of a new product or the discovery of a way to improve existing technology. Once these ideas are proved viable, they then grow into a bigger organisation. However, a lot of candidates prefer to work in a start up because of the faster rate of career progression.