The IT World and Business

Technology has transformed business as we recognize it. Technology has helped companies of all sizes, from basic tools like the calculator, to complex systems that facilitate global communication. It’s difficult to imagine a time without these technological advancements, but they come with lots of risks. Hacking and other malicious acts can disrupt the business processes. This is the reason it is so important for businesses to know and make use of these tools in a responsible way.

Today, business owners use various technology tools to streamline processes, assist employees and customers. There are a myriad of software available to automate daily tasks such as keeping records and data gathering. Some of these softwares enable businesses to monitor and process employee attendance, calculate vacation time, and even calculate monthly salary. In addition, cloud technology allows businesses to store and access data on third party servers on the internet instead of purchasing and maintaining expensive physical infrastructure.

Additionally, digital technologies are transforming the ways that international business (IB) is conducted. Digital platforms let companies deliver IB services – including production, purchasing logistics, marketing and communications – across borders. This lets businesses disengage processes, shift expenses and activities from the company’s own operations to customers, complementors and other parties at home and abroad.

The IB community has long recognized the significance of these new technologies and has devised a range of strategies to facilitate their adoption. IB continues to face difficulties that come with these new capabilities.

straight from the source