The document discusses how IT has become increasingly commoditized over time and how this commoditization threatens to eliminate competitive advantages gained from IT investments. As hardware, software, and infrastructure have standardized, the technological advantages of early adoption fade more quickly. Managing costs and risks associated with IT projects is crucial as IT provides fewer opportunities for sustained differentiation. While IT was once revolutionary, its impact may be less transformative than initially believed, with organizations changing less than imagined and economic dependence on IT untested.