Information about IT World and Business

Technology has become an essential element of global business. Every business utilizes IT tools and software for their business. These programs and software help businesses reduce their operational expenses by automating some of their tasks. They also help them to increase the security of their data and information. These programs also help companies save money they would have spent on hiring additional staff. They can instead put this money into other areas like marketing, enhanced security for cyber attacks, and employee renewal programs.

The role of IT in the future is changing rapidly as digital technologies disintermediate several processes within MNEs. They also change their positioning to provide value to their customers by shifting the costs and operations away from themselves and toward partners, complementors and consumers in the US as well as abroad. This brings new challenges and opportunities. The main challenges are the rapid erosion of MNEs’ competitive edge and the emergence of new risks. The opportunities include greater access to markets, more market influence and faster innovation.

The relationship between IT and business was antagonistic. When projects failed, each pointed the finger at the other. This was made more difficult by the nature of IT projects that were both complex and expensive to develop. Even with a contract to ensure that the business was aware of the IT provided it was hard to know what could be wrong. The requirements were also constantly changing throughout the 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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