This paper examines the historical evolution, contemporary dynamics, and future trajectory of Information Technology (IT) and its transformative role in shaping global commerce, communication, and societal development. Anchored on the theme “The Metamorphosis of Information Technology: A Global Trunk to E-This and E-That,” the study traces seven major technological chronicles from the Jacquard loom (1801), Hollerith’s punch-card tabulating system (1890), early electronic commerce (1886), and the UNIVAC computing era (1951), to the Internet revolution, Universal Product Codes (1970s), and the Dot-Com boom of the 1990s. It further categorizes modern e-commerce into eight transaction models and explores the driving role of emerging innovations—including artificial intelligence, augmented reality, voice commerce, mobile commerce, sustainability technologies, and social media integration—in redefining global business ecosystems. The paper highlights how IT has democratized access to information, accelerated communication, enhanced productivity, and reshaped organizational processes, while also generating challenges such as cybercrime, job displacement, digital inequality, and cultural disruptions. Additionally, the distinction between Information Technology (IT) and Information and Communications Technology (ICT) is clarified, underscoring ICT’s integrative role in communication, education, and digital inclusion. The study concludes that IT and e-commerce have become indispensable to economic competitiveness, customer engagement, and global trade expansion, while cautioning that technological advancement remains a double-edged sword requiring strategic adaptation, ethical considerations, and continuous skill development. Ultimately, the work emphasizes that technology’s evolving landscape will continue to influence societal transformation, workforce demands, innovation capacity, and the global digital economy.

Keywords: Information Technology, Digital Economy, Transaction Models, Global Commerce, Democratized Access