About IT World and Business
Technology has become an integral part of the global business. Every business employs IT tools and software to manage their operations. These programs and software can help companies reduce their operational costs by automatizing specific tasks. They also assist them to increase the security of their data and information. Additionally, these programs allow businesses to save money that they would normally spend on recruiting additional employees. These businesses can invest the money they would have spent hiring additional employees in other areas, such as marketing, cyber security and employee renewal programs.
Digital technology is disrupting the processes of MNEs and allow MNEs to reposition themselves to provide value to customers by shifting costs and operations from themselves to complementors, consumers, and partners at home and abroad, the role of IT is evolving rapidly. This trend creates new challenges and opportunities. The threats include the rapid erosion of MNEs’ competitive advantage as well as the development of new risks. The opportunities are greater access to markets, greater market influence and faster innovation.
In the past, IT and business have had a hostile relationship. Each side blamed the other for projects failed. This was further exacerbated by nature of IT projects which were complex and costly to design. Even with a contract to ensure that the business understood what IT was providing it was difficult to know what could fail. Additionally, the https://addmy-sites.com/2019/06/03/7-avoidable-mistakes-that-will-scare-your-homepage-visitors-unnecessarily/ requirements frequently changed during the development process. This gap could be bridged by establishing a new kind of collaboration between business and IT and business: the partnership.