8/19/2019 Yes...it is

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 1968, a young Intel engineer named Ted Hof ound a way to put the

circuits necessary or computer processing onto a tiny piece o silicon. His

invention o the microprocessor spurred a series o technological

rea!throughs"des!top computers, local and wide area networ!s,

enterprise sotware, and the Internet"that have transormed the usinessworld. Today, no one would dispute that inormation technology has

ecome the ac!one o commerce. It underpins the operations o

individual companies, ties together ar#$ung supply chains, and,

increasingly, lin!s usinesses to the customers they serve. Hardly a dollar

or a euro changes hands anymore without the aid o computer systems.

%s IT&s power and presence have e'panded, companies have come to

view it as a resource ever more critical to their success, a act clearly

re$ected in their spending haits. In 196(, according to a study y the

).*. +epartment o ommerce&s -ureau o conomic %nalysis, less than

(/ o the capital e'penditures o %merican companies went to

inormation technology. %ter the introduction o the personal computer in

the early 1980s, that percentage rose to 1(/. -y the early 1990s, it had

reached more than 0/, and y the end o the decade it had hit nearly

(0/. ven with the recent sluggishness in technology spending,

usinesses around the world continue to spend well over 23 trillion a year

on IT.

-ut the veneration o IT goes much deeper than d