Explain the importance of information technology and systems in businesses today. Include at least one (1) real-world industry example where you believe information technology has changed the way that business is performed in that industry.
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Companies rely on IT for fast communications, data processing and
market intelligence. IT plays an integral role in every industry,
helping companies improve business processes, achieve cost efficiencies,
drive revenue growth and maintain a competitive advantage in the market place..
The strategic use of information technology can help organizations
increase their competitive advantage and make considerable improvements
in operating performance.
Example is ALIBABA and Amazon companies.
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