Information Technology in the Business World Through the Years and Beyond!

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Text Preview Information technology in the business world through the years and beyond! ABSTRACT

Information Technology (IT) can be defined as a collection of individual technology components that are typically organized into computer-based information systems. Information technology has changed the way the world does business. Businesses no longer have to rely on a trail of paper work to conduct everyday's transactions. Slow snarl mail is a thing of the past. Customers no longer have to leave their homes to buy products or transfer money from their savings account to their checking account. By just sitting in front of a computer screen, businessmen can attend meetings that take place several miles away. As the business environment continues to evolve at a rapid rate, management of every type of industry is searching for new ideas and possible core competencies to capitalize on. One area that has been closely examined is information technology. Over the past decade the importance of IT has been stamped upon the minds of top executives worldwide. In the past, computers were just an object that people thought only the rich and large companies possessed, but today computers run our world. Information technology has become more and more prevalent in businesses and our daily lives. Information is now available instantaneously and in incredible amounts across the globe. How these emerging technologies are affecting the personal, social educational and political aspects of the business world and of our fives you ask. Probably the one aspect of Information Technology that has the largest affect on the business world is the World Wide Web Garson. The Web has basically eliminated any limitations on communication around the world and has provided efficiency and productivity in the business industry and the world economy.


The most competent business strategy that companies have now is electronic...
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