The IT World and Business

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Technology has changed the way businesses operate as we are used to it. From basic tools like the calculator to sophisticated systems that allow for global communication, IT has made it easier for businesses of all sizes. It’s not easy to imagine a world without these technological advancements, but they come with many responsibilities. Hacking and other shady actions can disrupt business operations. It is crucial that businesses are aware of these tools and utilize them in a manner that is safe.

Today, business owners use various technology tools to streamline processes and provide support employees and customers. Numerous softwares automatize tasks like recording and data collection. Some of these softwares allow companies to track and manage employee attendance, calculate vacation leave, and calculate monthly salaries. Cloud technology lets companies store data on third-party servers and then access it via the internet, instead of buying and maintaining expensive physical infrastructure.

Digital technologies are also transforming international business (IB). Digital platforms enable firms to provide IB – including logistics, procurement, production, marketing and communications – across national boundaries. This enables businesses to eliminate intermediaries in processes, shifting costs and activities away from the company’s own operations to complementors, customers and other stakeholders both at home and abroad.

The IB community has long recognized the importance of these developments and has developed a number of strategies to help facilitate their acceptance. IB is still facing difficulties that come with these new capabilities.