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Essay text:
It underpins the operations of individual companies, ties together far-flung supply chains, and, increasingly, links businesses to the customers they serve.
Hardly a dollar or a euro changes hands anymore without the aid of computer systems. As IT's power and presence have expanded, companies have come to view it as a resource ever more critical to their
success, a fact clearly reflected in their spending habits. In 1965, according to a study by the U.S. Department of Commerce's Bureau of Economic Analysis, less than 5% of the capital expenditures
of American companies went to information technology...
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