Information technology as a competitive weapon

Information technology – an amalgam of computers and communications – is changing the way virtually all businesses are building a new competitive edge. Information technology is coming to be recognized as a tool that chief executives, financial officers and computer system directors can steer to their organizations' advantage, yielding new strategies, increased profitability, and new business prospects. The changes are not confined to the "information–intensive" industries, such as banking and publishing. Information technology is changing the competitive structure of all industries and services, as rapidly as it is changing as an industry itself.