What is in Information Technology?

I believe I am not the newest nerd to think about this, yet this question scintillates me almost all the time. Is it its ability to radicaly transform the way things have been done, is it its ability to challenge human ability, is it its ability to keep the innovation cycle running, is it its ability to shorten space, is it its ability to create space, is it its ability to transform imagination into reality, is it its ability to revolutionize human life or is it its ability to master its creator?

I am not too sure of any! I hope to find some clue to this by continous reading and writing. I wish to use this space to put as much information related to the IT industry more specifically news and happening related to the Telecommunication industry, IT software and hardware industry.