Technology has changed the way we do business. From basic tools like the calculator to more complex systems that allow for global communication, IT has made it easier for companies of all sizes to operate. Although it’s difficult to imagine the world without these innovations, they have come with excess baggage, such as hacking and other malicious actions that could cause disruption to business operations. This is why it is vital for companies to comprehend and utilize these tools with care.

Today, business owners use various technology tools to simplify internal processes and help customers and employees. Numerous softwares automatize tasks like recording and data collection. These tools can also be used to calculate vacation time and employee attendance, as well as calculate monthly salaries. In addition, cloud technology allows businesses to store and access data stored on third-party servers over the internet, rather than purchasing and maintaining expensive physical infrastructure.

In addition digital technologies are also changing the way that international business (IB) is conducted. Digital platforms allow companies to provide IB – including logistics, procurement, production, marketing and communications – across national boundaries. This allows companies to decentralize processes, shifting expenses and activities from the firm’s own operations to customers, complementors and other parties at home and overseas.

The IB community has long recognized the importance of these advancements and has developed a number of strategies to help facilitate their adoption. However, IB is still grappling with the issues that come with these new capabilities.

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