The information industry is a cornerstone of America's economy and national security. Dramatic growth and expansion of the industry are likely in the 21st century, as computers, telecommunications technologies, and innovative information services continue to converge and evolve rapidly, and transform the way we live and work. The American information industry remains preeminent in an increasingly global market. Still, the industry must address key challenges to maintain American preeminence. The nation's educational system is not meeting the industry's ever-expanding need for trained professionals, leading to a growing reliance on foreign talent. Another challenge is protecting the national information infrastructure from attack or catastrophic malfunction. Government must work with industry to resolve these and other issues, which include protecting intellectual property rights, ensuring fair competition within and among domestic industries, reducing unnecessary regulation, and actively supporting industry's interests in multilateral and bilateral trade arenas.
ICAF Industry Studies 1998