Information Technology
Information Technology
The umbilical cord of the global economy
Information Technology (IT) encompasses all technical resources used to generate, store, archive, and use digital information. This also includes the transmission of information through communications technology.
Information Technology is the essential foundation for the growth of the global economy. In companies, IT is an integral part of service delivery.
Information Technology: an enabler for innovation
By using IT, companies today try to gain competitive advantages. Today, IT is an enabler for new business models and processes; on the other hand, IT can help companies handle their existing processes faster and more efficiently.
IT plays a central role in all industries today, as they work intensively with digital information. Contracts, account transactions, and the like are stored or transmitted in digital form. Security, availability, and confidentiality of Information Technology are crucial. On the one hand, sensitive customer data is stored or processed. On the other hand, failures can lead to immense losses in unfavorable cases. In this context, it must also be ensured that information systems meet the requirements in terms of audit security and other regulations and laws.
Increasing digitization has dramatically changed the cost structures of companies in recent decades. Therefore, companies are investing in their infrastructure to use Information Technology to achieve goals such as standardization and consolidation on the one hand and innovation on the other. In addition to reducing operating costs, improving customer loyalty and bringing companies up to the standards of the relevant competition also play a role.
Given this central importance for the economy and growth, the security of IT is more important to companies than ever before. However, in many places, it is still too much neglected. Since the Covid-19 pandemic, there has been renewed pressure on companies and employees to act dynamically within the framework of IT systems and to implement resilient structures and secure IT processes.
