Conclusion

Information and communication technology is key to the growth and development of the entire world. There are many great benefits such as fast communication, globalization, lowering costs, etc. that are helping the world market expand. Information and communication technology has done, and continues to make a huge leap in bridging cultural gaps although some do still exist. If companies begin to adapt to this technological change, there can be even more benefits from the products and services being offered. There are some downfalls, but in the long run technological advances far outweigh the disadvantages that come with them.