Information about IT World and Business
Technology has become an essential aspect of the global business. Every business utilizes different IT tools and software to manage their business. These programs and applications help businesses reduce their operational costs by automating certain tasks. They also aid in improving the security and confidentiality of their data. These programs also help companies save money that they would have spent on hiring additional employees. These companies can invest the money they would have spent hiring more employees in other areas, such as marketing, cyber security and employee rejuvenation programs.
The future role of IT is changing rapidly as digital technologies decentralize several processes within MNEs. They also alter their roles to deliver value to their customers by shifting cost and the activities away from themselves and towards complementors, partners and consumers both at home and overseas. This creates new challenges and opportunities. The main challenges are the rapid decline of MNEs’ competitive advantages and the emergence of new risk sources. The opportunities include greater market influence, better market access and more rapid innovation.
In the past, IT and business have had a negative relationship. Each group blamed the other when projects were unsuccessful. The complexity and cost of IT projects made this situation worse. Even with a contract in place to ensure that the company understood what IT was offering it was difficult to know what could go wrong. The requirements also changed frequently as the technology developed. This gap could be bridged by creating a new type of collaboration between business and IT and business: A partnership.
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