The real business and competitive value of information technology lies in:

The software application that are used by many companies.
The capabilities of software and the value of the information a business acquires and used.
The infrastructure of hardware, networks, and other it facilities that are commonly used by many companies.
The capabilities of the hardware and the speed at which it processes information.

The correct answer is: B. The capabilities of software and the value of the information a business acquires and used.

Software is a set of instructions that tells a computer what to do. It can be used to automate tasks, create new products and services, and improve efficiency. The value of information lies in its ability to help businesses make better decisions. Information can be used to identify trends, track performance, and develop new strategies.

Hardware is the physical equipment that makes up a computer system. It includes the CPU, memory, storage, and input/output devices. The capabilities of hardware are important, but they are not the only factor that determines the value of IT. The value of IT lies in its ability to help businesses achieve their goals.

Infrastructure is the foundation on which IT systems are built. It includes the networks, servers, and other equipment that support IT applications. The infrastructure of IT is important, but it is not the only factor that determines the value of IT. The value of IT lies in its ability to help businesses achieve their goals.

In conclusion, the real business and competitive value of information technology lies in the capabilities of software and the value of the information a business acquires and uses.