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The relentless advance of IT and telecommunications systems has brought dramatic benefits to individuals businesses and other organisations These years the world has developed into an information economy and the applying of new technologies is at the centre of the activity New technologies are being developed at a record pace Those celebrities such as Bill Gates of Microsoft Steven Jobs of Apple all emerged to create information technology dynasties for 1980s and 1990s have become the heroes of economic development and contemporary enterprises In this essay I would like to describe how the information technology changes our work and our life in three steps First I will introduce the history of IT industry briefly and from the trends of information technology we can by now be more familiar with the changing information environment In order to see the future more clearly we need to look at where weve been Second it is very important to know that we are now live in a digital age As the saying goes every business now is an information business our information technology industry is driving ahead with advances that promise to bring the new medium into the living rooms and onto the desks of millions more So in this part I will discuss the advantage that information technology brings to our work and analyses it in-depth Last but not least as technology continues to develop I also give the opportunities and threats for our businesses in the coming Internet age and how we can achieve information advantage Most managers acknowledge IT will be one of the main factors that affect the companies performance and moreover the stakeholders wealth 1 History of IT industry Whirlwind of change Nothing epitomises modern life better than the IT does For better or worse IT have infiltrated every aspect of our society Today computers do much more than simply compute supermarket scanners calculate our grocery bill while keeping store inventory computerised
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