Reflection This reflection activity is comprised of two sections collectively totaling a minimum of 500 words. Complete your reflections by responding to all prompts. Reflect on the following in a minimum of 500 words. Managing IT Resources Reflect on what it will take to successfully manage IT resources. Technology is seen as the foundation of companies, including inventory tracking, the checkout process, online shopping and electronic funds transfer. Technology evolves and has new releases and upgraded products. . What are some of the best practices for managing IT resources to help your company gain or maintain a competitive advantage over other businesses in the same market? Types of Software Reflect on the different options for purchasing and deploying software. There are three different types of software: commercial off- the-shelf (COTS), software as a service (58a5, which is often referred to as cloud computing), and custom-developed software. . Discuss the differences of the three types of software along with the advantages and disadvantages of each from the perspective of an IT manager