The basic characteristics of the information technology sector in Serbia

Information technologies are the key driver of significant changes in the world economy as well as of innovation processes and the development process itself in most industrial areas and for most communities. In recent years, the rapid spread of IT has contributed to the emergence of new forms of business and business communications and IT has become a basic prerequisite for economic and social development. Modern world transformation based on IT has created the conditions for the growth of innovation and productivity, a more efficient way of connecting people and companies and the creation of new opportunities that have improved standards of living. New technologies have changed the way of life of individuals and their modes of communication and, in this way, they have ushered in a new information society. Information technology represents the fastest-growing sector of the economy of Serbia and it has thus become a leading economic driver. The main goal of this article is to indicate the basic characteristics of, and the development of the potential of the IT sector for, the Serbian economy.