The fourth industrial revolution brought significant changes in all areas of business, and some claim that the fifth industrial revolution has already begun recently. In such an environment, companies and institutions must keep up with the technological changes that the market demands of them in order to survive and to be able to provide appropriate services to their users. That is why the subject of this paper is digital transformation and information technology. The paper presents the main significant IT in the modern era and defines the digital transformation, the digital intensity index and the situation in European countries. The main goal of the work is to detect the directions of influence of digital transformation on information technologies. Special emphasis is placed on trends that bring about digital transformation. Three significant trends are discussed in detail: digital transformation and information technologies in project management, search costs and product diversity in digital markets, and the issue of intellectual property and open-source software. All these trends are significant for the real sector, as well as in the academic community, which is why they are worth the attention of researchers. When writing the paper, secondary sources and methods of description, classification, compilation, analysis and synthesis were used.