Information about IT World and Business
Technology has become an integral element of the global business. Every business employs various IT tools and software in order to manage their business. These programs and software can help businesses cut their operational expenses through automation of certain tasks. They also help them to improve the security of their data and information. Furthermore, these programs assist companies save money that they could otherwise invest in recruiting new employees. These businesses can invest money they would have spent hiring more employees in other areas, such as marketing, cyber security and employee rejuvenation programs.
The role of IT in the future will shift rapidly as digital technology disintermediates various processes within MNEs. They also alter their roles to provide value to their customers by shifting cost and the activities away from themselves, and toward partners, complementors and consumers both at home and overseas. This trend is creating new challenges and opportunities. The challenges include rapid erosion of MNEs’ competitive edge and the emergence of new threats. The opportunities include a wider access to markets, greater market influence and faster innovation.
Historically, the relationship between IT and business was adversarial. When projects failed, everyone pointed the finger at the other. This was made worse by the nature of IT projects, which were complex and expensive to develop. Even with a contract to ensure that the business was aware of what IT provided, it was difficult to know what could be wrong. The requirements were also constantly changing as the technology developed. This chasm could be bridged by establishing a new kind of collaboration between business and IT called A partnership.
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