The IT World and Business

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Technology has revolutionized the way we conduct business. IT has empowered businesses of all sizes, from simple tools such as the calculator to complex systems that enable global communication. While it may be difficult to imagine a world without these advancements but they’ve come with extra baggage, like hacking and other criminal activities that can disrupt the business processes. This is why it is vital for businesses to know and use these tools responsibly.

Businesses today employ various tools that technology can use to streamline processes and provide support employees and customers. Numerous softwares are available to automate everyday tasks like recording and data collection. Some of these programs enable businesses to monitor and process employee attendance, calculate vacation time, and even calculate monthly salary. Cloud technology allows companies to store data on third-party servers and access it over the internet, rather than purchasing and maintaining costly physical infrastructure.

Additionally digital technologies are also changing the ways in which international business (IB) is conducted. Digital platforms allow companies to deliver IB including logistics, procurement, production marketing and communications across national borders. This allows businesses disintermediate processes by shifting costs and tasks away from their own business and onto complementors, clients and other parties in both the home and abroad.

The IB community has recognized the importance of innovation for a long period of time and has devised a number of strategies to facilitate their adoption. However, IB is still grappling with the challenges that come with these new capabilities.