Information technology refers to the collection of tools and technologies that make it easy for individuals, businesses and other organizations to use, create, manage and exchange information.

New developments in information technology have fundamentally transformed the way in which business is carried out. The increasing power and falling costs of computers have made information storage, analysis and distribution faster, easier and less expensive than at any time before in human history.

The Internet has removed geographical barriers, making it possible for companies to source material from one country, process it in another country, package it in yet another country and sell the final product globally.