Business and Industry

Tech Ranks as World's Most-Trusted Industry

No wonder government wants to get its hooks into it

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The technology industry has been ranked most-trusted for the seventh consecutive year, ahead of the automotive, and food and beverage industries, according to the 2013 Edelman Trust Barometer.

"As an industry, I think tech companies pre-anticipate and solve problems for consumers," Ben Boyd, Edelman's corporate global practice chairman, told Mashable. "I also think in today's world where technology is connecting people, it's the companies that get credit for making it happen. It really creates a halo effect for the industry itself."

The findings of the Trust Barometer, an annual survey of 31,000 people in 26 countries evaluating trust in leaders, institutions and industries, were released Monday at the World Economic Forum in Davos, Switzerland. Edelman's primary takeaway from the study of people in 26 countries was an overwhelming distrust in leadership compared to institutions.