INFORMATION TECHNOLOGY(IT) TRANSFORMS GLOBAL BUSINESS – FACTS AND THREATS

Abstract

World is now globally has its mantra – Information Technology(IT). Today is the era of information technology. Without help of the IT, no business can survive in this competitive corporate world. Today most of the businesses are going global & the pre-condition of a successful global company is that has to have a strong information technology. “Information Technology . . . is becoming increasingly the key to national economic well being, affecting virtually every industry and service. One would be hard-pressed to name a business that does not depend on the effective use of information: to design products and services, to track and respond to market demands, or to make well-informed decisions. Information technology will change the world more permanently and more profoundly than any technology so far seen in the history and will bring about a transformation of civilization to match.” The impact of information technology on business operations has been enormous and will increase substantially.