Behind the scenes of products and services that have become indispensable for everyday life, some corporate giants invest in innovation to improve people's lives and drive new developments based on technology: these are the famous big techs.
Although they exert a great influence on the lives of millions and are fundamental to other companies, many know little about what differentiates big techs or how they contribute to innovation and transformation of the global scenario.
If you also have these questions, stay with us! We will explain in more detail what characterizes big techs, how they differ from traditional organizations, and what role they play in the world. Happy reading!
What are big techs, and what are their characteristics and their importance?
The big techs are large technology companies that dominate the industry due to their size, influence, and financial success. These are organizations that stand out for their global reach and impact on different market sectors. Among the main global big techs are giants such as Alphabet, Apple, Meta, Amazon, and Microsoft.{alertInfo}
The image of these big techs being born in garages has become a symbol of the ability to innovate and entrepreneurship. It validates the notion that environment and initial capital are not the only determining factors for success.
Instead, the story of big techs rising from modest environments emphasizes that the courage to take risks and the pursuit of excellence are the necessary elements for the rise and extraordinary growth of these companies.
However, it is worth highlighting that big techs can also include technology companies that have not (yet) become true empires, such as Netflix, and even non-technology companies with practices that involve high technology, such as the car manufacturer Tesla.
In all cases, they have a market value in the billions or even trillions of dollars and a vast workforce, numbering thousands of employees. Its annual revenues exceed billions and its influence extends far beyond the technological sphere.
What are the differences between big techs, fintechs, and startups?
While big techs are already established and dominate various sectors of the economy, fintechs are in the initial stage of life, seeking to create a niche for you. startups are focused on innovation opportunities within the financial sector, and
Next, understand in more detail the differences of each business model.
Fintechs
Fintechs are companies that operate in the financial sector and use technology to revolutionize services such as digital payments, peer-to-peer lending, and financial management. They also stand out for their focus on innovation and for challenging the traditional models of financial institutions.
PayPal is a good example of fintech that simplifies online transactions by providing a secure platform for digital payments and money transfers. While some reach a large scale, many of them remain smaller, maintaining an entrepreneurial and innovative mentality.
Startups
Startups are newly created organizations, generally focused on innovative business models. They seek to fill gaps in the market with creative and technologically advanced solutions. great growth potential
startups, often agile and adaptable, are changing the dynamics of traditional sectors, such as insurtech, which revolutionize the insurance market through disruptive technologies.
Big techs
What distinguishes big techs goes beyond the size of the companies. Behind the big techs, there is usually the ability to scale operations in an impactful way based on technology, expanding to segments that go beyond the original segment.
Amazon, for example, is not limited to e-commerce and also offers cloud services (AWS), digital entertainment and virtual assistants. Apple goes beyond devices, introducing services like Apple Music, iCloud, and Apple Pay.
Google, known for its search engine, invests in artificial intelligence, autonomous cars, and operating systems. Microsoft, in addition to software, expanded to the cloud (Azure) and social networks, for example.
What are the main big techs in the world?
Although the expression big tech generally refers to a group of technological giants such as Google, Apple, Facebook, Amazon, and Microsoft (GAFAM), known as the big five companies in the USA, the reality behind this concept is diverse.
In addition to the famous GAFAM, other companies stand out on the global stage, shaping the way we interact with technology, e-commerce, education, and many other aspects of everyday life.
Want to see this in practice? We have prepared a list of the main big techs that stand out in their areas of activity, illustrating the diversity and breadth of the concept of big tech in the current technological panorama.
Alphabet Inc. is a multinational conglomerate specializing in Internet-related services and products. Its main product is the Google search engine, but it also offers other services such as Google Maps and Google Drive.
Microsoft
Microsoft is a company that creates, licenses, and sells computer software, consumer electronics, and personal computers. The Windows operating system, the Microsoft Office productivity software suite, and the Xbox video game console are among its best-known products.
Meta
Meta, formerly known as Facebook, is one of the big techs most influential in the world. Its social media platform, including Facebook, Instagram, and WhatsApp, connects billions of people globally. Additionally, the company is at the forefront of virtual reality with products like Meta Quest.
Apple
Apple manufactures sells, and develops consumer electronics, computer software, mobile devices, and online services. The iPhone, iPad, Mac, Apple Watch, and Apple Music are among the company's best-known products.
Tesla
Tesla is a big tech pioneer in the electric vehicle market. In addition to electric cars, the company stands out in the production of batteries and renewable energy solutions. His innovative vision has driven the transformation of the automotive sector, which is increasingly seeking sustainable solutions for the future of mobility.
Uber
Uber revolutionized urban mobility with a new car-sharing model. Its platform connects drivers and passengers, offering affordable and convenient transportation alternatives. Additionally, Uber expanded into food and merchandise deliveries, diversifying its offerings and impacting multiple sectors.