But it's never been like this. Information technology and the increasing speed and ubiquity of the Internet have transformed nearly every aspect of business. Companies now centralize and manage data in real-time on enterprise resources spread throughout the globe. The procurement and production supply chain for millions of products is fully automated. The aggregation of customers and suppliers through digital B2B exchanges and online marketplaces remakes the process.
Customers are unique, provided individualized service and benefit from true market-driven prices.
On a smaller yet equally phenomenal scale, your grandparents have turned their annual garage sale into a worldwide bidding war. Modern information technology has digitized business. No modern business, regardless of its size, can survive without it. The Software and Information Industry Association . All rights reserved.