Information technology is all about using computer hardware and software components to handle, manage and distribute information.
Major areas of IT use in business management today includes, IT outsourcing, IT services, IT security, ecommerce, IT management information systems and enterprise management.
Common and basic use of Information technology includes word processing, presentations, database interrogations and electronic communications.
Further Reading
http://en.wikipedia.org/wiki/Information_technology
http://www.divinekonection.info/articles/What-is-Information-Technology-a7.html
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