It Doesn't Matter

IN 1968, a young Intel engineer named Ted Hoff found a way to put the circuits necessary for computer processing onto a tiny piece of silicon. His invention of the microprocessor spurred a series of technical breakthroughs -desktop computers, local and wide area networks, enterprise software, and the Internet--that have alter the business world. Today, no one would dispute that information engineering has become the backbone of commerce. It underpins the operations of individual companies, ties together widespread supply chains, and, increasingly, links businesses to the customers they serve. Hardly a dollar or a euro changes hands anymore without the aid of computer systems. As ITs power and presence have expanded, companies have come to hear it as a resource ever more critical to their success, a fact cl advance(prenominal) reflected in their spending habits. In 1965, according to a study by the U.S. Department of occupations Bureau of Economic Analysis, less than 5% of the capital expenditures of American companies went to information technology. After the introduction of the personal computer in the early 1980s, that percentage rose to 15%. By the early 1990s, it had reached more than 30%, and by the end of the decade it had have nearly 50%.

Even with the recent sluggishness in technology spending, businesses around the world continue to spend tumesce over $2 trillion a year on IT. But the veneration of IT goes much deeper than dollars. It is evident as well in the shifting attitudes of top managers. Twenty years ago, close executives looked down on computers as proletarian tools--glorified typewriters and calculators--best relegated to low aim employees like secretaries, analysts, and technicians, it was the rare executive who would let his fingers touch a keyboard, much less incorporate information technology into his strategical thinking. Today, that has changed completely. Chief executives now routinely talk about the strategic value of information technology,... If you want to get a overflowing essay, order it on our website: Orderessay

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