Introduction In recent years there has been a great change as a revolution in the world of computers and communications and all signs indicate that technological development and the use of information technology Information (IT) will continue to move forward at a fast speed. Supporting and accompanying the impressive developments in the power and continuous use of the most recent information technologies has been the decline in communications costs, resulting from both technological improvements and the development of competition. Such major advances in development present many great opportunities, but they also pose many challenges. Nowadays, the rise of inventions in the field of IT is having widespread effects throughout society, and several strategists are working on various issues where economic production, intellectual property rights, protection of privacy and the approach to information. The options created now will have lasting effects and the focus must be on their socio-economic impact. The most important and very effective result of the development of IT is most likely electronic communication and commerce through the Internet, a more recent approach to driving the market. Commercial activity. However, in recent times, economic behavior and social atmosphere could radically change. Previously, it has impacted major sectors such as communications and interactions, retail and finance and could extend to sectors mainly such as healthcare and education services. It involves the continuous process of communication and information technology throughout the entire electronically managed business value chain (Castells, 1996). Literature Review IT has influenced numerous aspects and characteristics of the... middle of paper.. ....ted to change in future times. Finally, the importance of a contemporary information infrastructure to the socioeconomic well-being of a society cannot be underestimated. The most favorable options, whether social, cultural or economic, must be based on the best available information. The quality of the information determines the effectiveness of each choice provided. In the sphere of people, the approach to credible information and data is a prerequisite for a pluralistic and participatory democratic system, for the development of human, social and economic clarity and for the development of diverse societies. Infrastructures of understanding, knowledge and information encourage and support conversation between those with different thoughts. It is only in an environment where truth and authentic information are obtainable that people can establish their own opinions and perspectives.