Information about IT World and Business
Technology has become a major part of business globally. Each business uses different IT tools and software in order to run their business. These programs and software can help businesses cut their operational expenses by automatizing specific tasks. They also aid in improving the security and confidentiality of their data. These programs also help companies save money that they would have invested in hiring more employees. They can invest this money in other areas like marketing, improved security for cyber attacks, and employee renewal programs.
The future role of IT will change rapidly as digital technologies disrupt various processes within MNEs. They also alter their roles to provide value to their customers by shifting cost and the activities away from themselves, and toward complementors, partners and consumers at home and overseas. This creates new challenges as well as opportunities. The challenges include the rapid loss of MNEs’ competitive advantage and the emergence of new risk sources. The opportunities include greater access to markets, greater market influence and faster innovation.
The relationship between IT and business was adversarial. Each party blamed the other when projects were unsuccessful. The complexity and cost of IT projects made this situation even more difficult. Even with a contract to ensure that the company understood the services IT was offering, it was hard to know what could go wrong. The requirements also changed frequently as the technology developed. This gap can be closed by creating a new type of collaboration between business and IT that is A partnership.
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