For #1 you are front-office. For #2 IT is back office. Bozo explosions still happen at investment banks' front offices, e.g. when smart traders are sidelined in favour of politically savvy traders.
It applies to #2 as well - not just in tech but across all of the functions. Top level A sales people are wildly more productive than average joes, and can deliver millions more in revenue. Meanwhile spreadsheet jockeys, deal makers, marketing people, engineers, production engineers and even HR folk also fit the curve.
1. You work for a tech company which produces a tech product (e.g., Google, Microsoft)
2. You work as a tech person in a business company (e.g., bank, insurance)
This article fully applies to #1 where the core competency is technology. For #2, there's debate.