Technology has revolutionized business as we recognize it. IT has enabled businesses of all sizes, from basic tools like the calculator to complex systems that enable global communication. It may be difficult to imagine a world without these technological advances but they come with many responsibilities. Hacking and other malicious actions can disrupt the business processes. This is why it is essential for businesses to understand and utilize these tools with care.

Today, business owners use numerous tools in the field of technology to streamline internal processes and provide support to customers and employees. Numerous softwares automatize tasks such as recording and data collection. Certain of these tools allow businesses to track and process employee attendance, calculate vacation leaves, and even calculate monthly salary. Cloud technology enables companies to store and access data stored on third-party servers over the internet, instead of buying and maintaining expensive physical infrastructure.

Digital technologies are also transforming international business (IB). Digital platforms help companies provide IB including logistics, production, procurement marketing and communications across national boundaries. This allows companies to disintermediate processes by shifting costs and tasks away from their operations and onto clients, complementors, and other stakeholders in the home and abroad.

The IB community has been aware of the importance of innovation for a long time, and has developed a range 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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