Information about IT World and Business
Technology has become a crucial element of the global business. Every business employs IT tools and software to manage their operations. These programs and software help businesses cut their operational expenses by automatizing certain tasks. They also aid them in increase the security of their data and information. Moreover, these programs help companies to save money they would otherwise use for recruiting additional employees. Instead, they can put this money into other areas such as marketing, better cybersecurity and employee re-emergency programs.
Digital technologies are disrupting the processes of MNEs and shift MNEs’ focus to provide value to customers by shifting costs and activities from themselves to consumers, complementors and partners in the United States and abroad, the future role of IT is evolving rapidly. This brings new challenges and opportunities. The challenges include the rapid decline of MNEs’ competitive advantages and the emergence of new risk sources. The opportunities include greater market influence, better market access, and quicker technological advancement.
Historically, the relationship between IT and business was antagonistic. Each group blamed the other when projects failed. This was made more difficult by the nature of IT projects, which were complex and expensive to develop. Even with a contract in place to ensure that the business understood what IT was offering it was difficult to anticipate what could be wrong. In addition, the requirements often changed during development. The solution was to develop a new form of collaboration between business and IT, the term “partnership.” This partnership is based upon the principle that both parties must be prepared for failure.
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