Impact of Information Technology in our society

In the past few decades there has been a revolution in computing and communications, and all indication are that technological progress and use of information technology will continue at a quick pace. Additional and at the bottom of the spectacular increase in the power and use of new information technologies has been the declining cost of communications as a result of both technological improvement and amplified competition.
One of the most momentous outcomes of the progress of information technology is almost certainly electronic commerce over the Internet, a new way of performs business. Though only a few years old, it may thoroughly modify economic tricks and the social environment. Before now, it affects such large sectors as communications, finance and retail trade and might expand to areas such as education and physical condition services. It implies the flawless application of information and communication technology all along the entire value chain of a business that is conduct electronically.