About IT World and Business
Technology is now an integral element of business globally. Every business utilizes different IT tools and software in order to run their business. These programs and tools help businesses to reduce operational costs by automating some of their tasks. They also help to improve the security and privacy of their data. Moreover, these programs help companies to save money they would otherwise spend on hiring more employees. They can put this money into other areas like marketing, improved security for cyber attacks, and employee renewal programs.
The role of IT in the future will change rapidly as digital technologies disrupt a number of processes within MNEs. They also alter their roles to provide value to their customers by shifting the cost and the activities away from themselves and toward complementors, partners and consumers both at home and overseas. This is creating new challenges and opportunities. The threats include the rapid erosion of MNEs’ competitive advantage, as well as the emergence of new threats. The opportunities include greater access to markets, greater influence on the market and faster innovation.
The relationship between IT and business was antagonistic. Each party blamed the other when projects failed. This was made more difficult by the nature of IT projects that were complicated and expensive to develop. Even with a contract to ensure that the business was aware of 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 plugged by creating a new type of collaboration between IT and business: a partnership.
