Information about IT World and Business
Technology has become an integral part of global business. Every business has its own IT tools and software in order to run their business. These programs and software can help businesses cut down on their operational expenses through automation of certain tasks. They also help to improve the security and confidentiality of their data. These programs also help companies save money that would be spent on hiring additional employees. They can then invest the money in other areas, such as marketing, better cybersecurity and employee re-emergency programs.
As digital technologies disintermediate various processes within MNEs and reposition MNEs to deliver value to customers by shifting costs and functions from themselves to complementors, consumers and partners in the United States and across the globe, the role of IT is evolving rapidly. This trend is bringing new challenges and opportunities. The risks include the rapid erosion of MNEs’ competitive advantage and the emergence of new threats. The opportunities are greater access to markets, greater market influence and faster innovation.
In the past, IT and business have had a negative relationship. Each side blamed the other for projects failed. The complexity and expense of IT projects made the situation more complicated. Even with a contract in place to ensure that the company understood what IT was providing, it was hard to know what could go wrong. Furthermore, the requirements often changed during the development process. This gap could be bridged by establishing a new type of collaboration between business and IT: A partnership.
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