Information about IT World and Business
Technology has become an integral element of the global business. Each business uses different IT tools and software in order to run their business. These programs and tools help businesses to reduce the operational costs by automating some of their tasks. They also aid in improving the security and confidentiality of their data. These programs also help companies save money that would be employed additional employees. These businesses can invest money they would have spent on hiring additional employees in other areas, such as marketing, cyber security and employee rejuvenation programs.
As digital technologies disrupt the processes of MNEs and shift MNEs’ focus to provide value to customers by shifting costs and operations from themselves to consumers, complementors and partners in the United States and abroad, the role of IT is evolving rapidly. This is creating new challenges and opportunities. The challenges include an erosion of MNEs’ competitive advantage as well as the development of new threats. The opportunities include increased market influence, more market access, and quicker innovation.
Historically, the relationship between IT and business was antagonistic. When projects failed, each pointed the finger at the other. The complexity and cost of IT projects made this situation more complicated. Even with a contract to ensure that the business was aware of the IT offered it was hard to anticipate what could go wrong. The requirements also changed frequently during development. This gap could be plugged through the creation of a new form of collaboration between business and IT that is a partnership.
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