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  • Information technology (IT) is "the study, design, development, implementation, support or management of information systems". Information technology is a general term that describes any technology that helps to produce, manipulate, store, communicate, and/or disseminate information.In recent days ABET and the ACM have collaborated to form accreditation and curriculum standards for degrees in Information Technology as a distinct field of study separate from both Computer Science and Information Systems. SIGITE is the ACM working group for defining these standards. The Worldwide IT services revenue totalled $763 billion in 2009.